Tuesday, December 21, 2004

Objection to Debt Service Tax Rate increase


The following was delivered by Karen Loveland and Marjorie Mortenson to Tom Book At South Dearborn Community School Corporation, Monday, December 20, 2004 at approximately 4:00 pm. It contained 11 signatures and addresses: Karen Loveland, Marjorie Mortenson, Sherry Tice, Mary Trog, Robin Rohe, Ricky W. Beach, Lisa M. Jarman, Susan Page, Andy Wake, C. Jay Beyer and Ruth Pfister.




In accordance with Indiana Code Section 5 (b) of Chapter Six, we the undersigned are filing an objection petition to South Dearborn Community School Corporations Request to raise the Debt Service Tax Rate From .4018 to .4669.

Tuesday December 7, 2004 South Dearborn was represented by City Securities Corporation who sold $42,390,000 in bonds. Currently over 20 Million in bids have been awarded for the Aurora Building Project. The Middle School is $356,597 over cost estimates advertised at 1028 hearing. The Middle School Conversion to an Elementary is $1,217,956 over cost estimates advertised at 1028 hearing. The High School bids currently awarded are over 8 million under cost estimates advertised at 1028 hearing.

If the bond issue fell short of construction needs, that shortfall should be made up through a reduction in capital project costs, rather than an increase in debt service tax rates.

Name Address of Real Property

1. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

2. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

3. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

4. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

5. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

6. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________

7. Signature: _______________________ Printed Address: _________________________

Printed: ________________________ ________________________________________

Date Signed:_____________________ Township: ______________________________





(For more background on this topic)

No comments: