Shall Park County School district Re-2 debt be increased $16,000,000, with a repayment cost of up to $29,400,000, and shall district taxes be increased by up to $1,470,000 annually, together with financial assistance from the state under the Building Excellent Schools Today (BEST) act in the anticipated amount of $15,060,382 (which match is contingent upon the passage of this ballot issue), to finance the cost of the following improvements:
and to the extent funds are available after providing for the above purposes, for the purpose of improving and equipping school facilities, by the issuance and payment of general obligation bonds or other multiple fiscal year obligations which shall be used as matching moneys for financial assistance from the state under the Building Excellent Schools Today Act, which debt shall bear interest at a maximum net effective interest rate not to exceed 6.50% and mature, be subject to redemption, with or without premium, and be issued to the State of Colorado at such time or times, at such prices (at, above or below par) and in such manner and containing such terms, not inconsistent herewith, as the board of education my determine; and shall ad valorem property taxes be levied in any year, without limitation as to rate and in an amount sufficient to pay the principal of premium, if any, and interest on such debt and to fund any reserves for the payment thereof?