CELINA — The Tri-Star Career Compact special election bond issue passed with an overwhelming majority for the bond issue Tuesday in Mercer and Auglaize Counties.
The career technical center covers and comprises Celina City School District, Coldwater Exempted Village School District, Fort Recovery Local School District, Marion Local School District, Minster Local School District, New Bremen Local School District, New Knoxville Local School District, St. Henry Consolidated Local School District and St. Marys City School District.
Those school districts took to the polls, and unofficial results show approximately 75 percent (2,859) for, and 25 percent (944) against the bond issue.
The purpose of the bond issue was for acquiring classroom facilities and necessary appurtenances, including land acquisitions.
The principal amount of $17,000,000 will be repaid annually over a maximum period of 15 years, and an annual levy of property taxes will be made outside of the 10-mill limitation, estimated by the county auditor to average over the repayment period of the bond issue 0.95 mill for each one dollar of tax valuation, which amounts to $0.095 for each one hundred dollars of tax valuation, commencing in 2016, first due in calendar year 2017, to pay the annual debt charges on the bonds.
Reach this writer at 937-538-4825.