Kenai Peninsula Borough Proposition #1: Kachemak Selo K-12 School Bond
Project website: www.kpb.us/kselo
*GENERAL OBLIGATION BONDS TO PAY THE LOCAL REQUIRED MATCH PORTION OF THE COSTS OF THE KACHEMAK SELO NEW K-12 SCHOOL. To be voted on by all voters October 2, 2018
Kachemak Selo
The Kachemak Selo New K-12 School Construction project began July 9, 2011 when a petition was submitted to the school board by local residents requesting a public school facility. Kindergarten through twelfth grade classes are currently housed in three leased residential facilities that have deteriorated beyond useful capacity. Learn more about the village, geography, new school site, transportation issue, funding outlay, and more. To access the presentation in a PDF, download this story map presentation version of the interactive webpage.
The estimated cost of this construction project will not exceed $15,460,000. The proposed bonds in the amount of $5,450,000 would fund the 35% local match as well as costs associated with planning, design, site acquisition, preparation and development, construction and equipping the Kachemak Selo K-12 School. Infographic illustrating project data
The approximate annual amount of taxes on $100,000 of assessed real or personal property value to retire the debt are $4.95 (based on the Borough's FY2018 taxable assessed valuation). Supporting legislation
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