PROPOSITION NO. 1
GENERAL OBLIGATION BONDS - $245,000,000
The Board of Directors of Federal Way School District No. 210 adopted Resolution No. 2005-31 concerning this proposition for bonds. This proposition authorizes the District to rebuild Federal Way High School, Lakota Middle School, and Lakeland, Panther Lake, Sunnycrest and Valhalla Elementary Schools, develop a performance auditorium, an environmental center and relocate support facilities, to issue $245,000,000 of general obligation bonds maturing within a maximum term of 25 years, and to levy excess property taxes annually to repay the bonds.
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