LANCASTER CENTRAL SCHOOL DISTRICT
LANCASTER CENTRAL SCHOOL DISTRICT CAPITAL PROJECT VOTE
December 11, 2018
PROPOSITION NO. 1
RESOLVED, that the Board of Education of Lancaster Central School District, Erie County, New York is hereby authorized to undertake a district-wide capital improvement project (the “Project”) consisting of (i) alterations, renovations and improvements to Lancaster High School, Lancaster Middle School, Court Street Elementary School, Como Park Elementary School, Hillview Elementary School, John A. Sciole Elementary School, William Street School and the transportation building located at 295 Pleasant View Drive, including in each case, site improvements for various school purposes and other appurtenant and related improvements, and (ii) the acquisition and installation in and around the foregoing buildings, facilities and improvements of original furnishings, equipment, machinery, apparatus, and other services incidental thereto, all at a total estimated total cost not to exceed $77,100,000; with such cost being raised by
(a) the expenditure of $5,000,000 from the District’s existing General Capital Reserve Fund-2018, established pursuant to a proposition approved by the qualified voters of the District on May 15, 2018,
(b) the expenditure of up $500,000 expected to be donated to the District by the Lancaster Educational Alumni Foundation (“LEAF”) to contribute to the cost of the Project, and
(c) with the balance thereof, in an amount not to exceed $72,100,000, reduced by the aggregate dollar amount of such donation actually received by the District from LEAF (not to exceed $500,000), or so much thereof as may be necessary, being raised by a tax upon the taxable property of said District to be levied and collected in annual installments in such amounts and in such years as may be determined by the Board as provided in Section 416 of the Education Law, with such tax to be partially offset by State aid available therefore, and in anticipation of such tax, by obligations of said District as may be necessary.