April 24 special election results Measure required 60% approval for passage PROPOSITION NO. 1 MOUNT VERNON SCHOOL DISTRICT NO. 320 GENERAL OBLIGATION BONDS - $46,400,000

Completed Precincts: 35 of 35

	Vote Count	Percentage
APPROVED?	3236	52.6%
REJECTED?	2913	47.4%

Capital Bond Measure
April 24, 2007

Why
A Facilities Advisory Committee—composed of interested parents, community leaders, teachers and administrative staff—met between January 2005 and March 2006 to study current facility modernization and expansion needs. Initial meetings focused on a review of the 2001 bond. The review included a detailed report that was generated by an outside school financial consultant.

In an effort to ensure accurate dollar amounts for the three projects, the Committee requested that thorough engineering cost analyses and independent architectural cost estimates be conducted.

After reviewing all of the data, the Committee recommended that a bond issue be presented to the voters based on:

• Need for permanent space for an additional 400+ students by 2011.
  
  
• Status of District's current facilities.
  
  
• Timing of eligible state funds.

Components of the bond proposal
In response to the Facilities Advisory Committee's recommendations, the Mount Vernon School Board developed a $46.4 million school bond measure to fund the following projects:

1. Rebuild Madison Elementary School, expanding its enrollment capacity by 100 students;

2. Build a new 550-student elementary school on the district's East Division Street property; and

3. Modernize and expand the high school gymnasium and field house complex, adding three classrooms. 

The additional cost to property owners per $1,000 of assessed valuation is estimated at $.58.