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Published March 24, 2025 at 8:00 PM
Updated March 25, 2025
Demolition, site work, renovation and addition to a mixed-use development in Cedartown, Georgia. Working plans call for the addition of a educational facility; for the demolition of a educational facility; for the renovation of a educational facility; and for site work for a educational facility.
On March 18, 2025, a special election will be held in the County to submit to the qualified voters of the County the following question: GENERAL OBLIGATION SCHOOL BONDS ( ) YES ( ) NO Shall the Polk School District issue general obligation bonds in an aggregate principal amount not to exceed $34,000,000 to pay the cost of acquiring, constructing and equipping renovations and improvements to Cedartown High School, Rockmart High School, Cedartown Middle School, Cherokee Elementary School, Eastside Elementary School and Westside Elementary School, including, but not limited to, auxiliary gyms and athletic facilities, cafeteria modernization and expansions, fine arts, CTAE labs, HVAC, roof replacement, access road improvements, and classroom additions and upgrades All qualified voters desiring to vote in favor of the issuance of general obligation bonds shall vote Yes and all qualified voters opposed to the issuance of general obligation bonds shall vote No. If more than one-half of the votes cast are in favor of the issuance of general obligation bonds by the School District, then the School District will be authorized to issue such debt as provided by law. The Bonds shall be general obligation debt of the School District. The principal amount of the bonds to be issued shall not exceed $34,000,000. The maximum rate or rates of interest on such debt shall not exceed six percent (6.00%) per annum. The maximum amount of principal to be paid in each year during the life of the debt shall be as follows: Year Principal Amount Maturing Year Principal Amount Maturing Year 1 $ 950,000 Year 12 $1,630,000 Year 2 1,000,000 Year 13 1,710,000 Year 3 1,050,000 Year 14 1,795,000 Year 4 1,100,000 Year 15 1,885,000 Year 5 1,160,000 Year 16 1,980,000 Year 6 1,215,000 Year 17 2,080,000 Year 7 1,275,000 Year 18 2,180,000 Year 8 1,340,000 Year 19 2,290,000 Year 9 1,405,000 Year 20 2,405,000 Year 10 1,475,000 Year 21 2,525,000 Year 11 1,550,000 The Board of Education may issue aggregate general obligation debt which is less than $34,000,000 and reduce the principal amounts maturing which are shown above. The bonds may be made subject to redemption prior to maturity, to the extent permitted by law, upon terms and conditions to be determined by the School District.
Final Planning
Educational
$34,000,000.00
Public - County
Addition, Demolition, Renovation, Site Work
Trades Specified
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