The Board of Directors of Seattle School District No. 1 passed Resolution No. 2000-21 concerning this proposition to fund the Building Excellence II Program. This proposition authorizes the District to levy the following excess taxes, to replace the expiring Building Excellence I levy, on all taxable property within the District, for construction and modernization of educational facilities throughout the District:

Collection          Rate/$1,000 of                Levy
    Year              Assessed Value           Amount
    2002                       $.96                $66,333,333
    2003                       $.87                $66,333,333
    2004                       $.79                $66,333,333
    2005                       $.72                $66,333,333
    2006                       $.65                $66,333,333
    2007                       $.59                $66,333,334

EXPLANATORY STATEMENT

     Passage of Proposition No. 1 would allow Seattle School District No. 1 (the "District") to levy excess taxes, in place of an expiring capital levy, to provide a total of $398 million for the District's Capital Projects Fund for improvements to meet the current and future educational programs for its students. Such levies to be made for six years commencing in 2001 for collection in the school years 2001-2002 through 2007-2008. Such improvements will include the following:
     (1) Secondary School Improvements, including the renovation of Roosevelt, Garfield, Cleveland, Madison, and Hamilton/Lincoln Secondary Schools, improvements to the Nathan Hale Auditorium, site expansion for Roosevelt High School, a High School Improvement Fund for the use at Ingraham and Sealth, and to provide start up funds for one additional small high school;
     (2) Additions and replacements for capacity increases in the southern half of the City, including conversion of the South Shore building into a fixed-hall building instead of an open-concept building; replacement and expansion of Brighton School to accommodate additional students; and construction of new permanent additions to elementary facilities at Graham Hill, Maple, Beacon Hill, Dearborn Park and Wing Luke Schools;
     (3) The World School, including providing a permanent facility to house the District's Secondary Bilingual Orientation center; which provides services to new immigrants and refugees during their first few months in the District; and
     (4) Implementation of the District's technology facilities plan, including hardware, software and training, school based tools, and a student information system.