Holland Township School District Bond Proposal Question No. 2: windows, bathrooms and classrooms ($4,422,600)

The question, as printed on the ballot

(Bond Proposal Question No. 2 will only go into effect if Bond Proposal Question No. 1 is also approved by the voters at this election.) The Board of Education of the Township of Holland in the County of Hunterdon, New Jersey (the “Board”) is authorized to (a) undertake various improvements, renovations, alterations and upgrades at Holland Township School, including but not limited to window replacement, renovations to bathrooms, lockers, flooring, classrooms, the multi-purpose room and the installation of an alarm, including acquisition and installation of fixtures, furniture, equipment, and any site work; (b) appropriate $4,422,600 for such improvements; and (c) issue bonds in an amount not to exceed $4,422,600. The final eligible costs for the projects approved by the New Jersey Commissioner of Education are $4,422,600. The projects include $0 for school facility construction elements in addition to the facilities efficiency standards developed by the Commissioner of Education or not otherwise eligible for State support pursuant to N.J.S.A. 18A:7G-5(g). The State debt service aid percentage is 40% of the annual debt service due with respect to the final eligible costs of the projects. The Board of Education is authorized to transfer funds among the projects approved at this election. Do you approve this Bond Proposal Question No. 2?