The Fox C-6 School District has scheduled a series of community learning sessions to discuss the possibility of the district placing a bond issue on the April ballot.
The first meeting is scheduled for 6:30 p.m. Tuesday, Oct. 14, at Antonia Middle School, 6798 St. Luke’s Church Road, in Barnhart.
The second meeting will be at 6:30 p.m. Tuesday, Oct. 28, at Ridgewood Middle School, 1401 Ridgewood School Road, just west of Arnold.
The third meeting is scheduled for 6:30 p.m. Wednesday, Nov. 12, at Fox Middle School, 743 Jeffco Blvd., in Arnold.
The final meeting will be at 6:30 p.m. Wednesday, Nov. 19, at Seckman Middle School, 2840 Seckman Road, in Imperial.
Superintendent Paul Fregeau announced on Sept. 23 during a Board of Education meeting that the district is considering asking C-6 residents to vote on a $48 million bond issue. If approved, the district would likely use revenue from the bond issue to cover the cost of HVAC, roof and asphalt replacement projects and possibly upgrade security measures throughout the district.
However, Fregeau said he wanted to have community meetings before asking the board to decide whether to seek the bond issue so community members would have a chance to provide feedback about the measure and the capital improvements they believe are needed in the district.
The bond issue would not require a tax increase. However, if approved, the district’s debt service levy would be extended when the bonds are sold.
The district’s current debt service levy is 39.01 cents per $100 assessed valuation. Fox C-6 has an overall tax levy of $4.1867 per $100 assessed valuation.
Chief Operating Officer Tracy Schmidt said Fox C-6 currently owes $47,024,963.40 for general obligation bonds and $6,225,000 for lease agreements. He said the general obligation bonds are projected to be paid off in March 2041, and the lease agreements are expected to be paid off in March 2028.
Schmidt said if voters approve the sale of $48 million in bonds, Fox C-6’s general obligation bond debt would not be paid off until 2046.