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North County to hold two town hall meetings

North County School administrators will host two town hall meetings to discuss the upcoming KIDS 2005 bond issue.

The $2.8 million no-tax increase bond issue will appear on the April 5 ballot. The issue needs 57 percent of the vote to pass.

The first town hall meeting will be held at 7 p.m. March 14 at Bonne Terre Elementary School. The meeting is open to the general public and all patrons of the school district are invited to attend.

The second meeting will be held at 7 p.m. March 21 at the Desloge Middle School Auditorium.

According to school officials, the bond issue is a proposal to improve district finances and shift the burden of debt from local sources to state sources.

The district will use $2.3 million of the money generated from the bond issue to pay off the lease financing on the North County High School.

The remaining $500,000 will be used for future capital improvement needs to meet safety requirements and also for remodeling and repair of existing facilities in the district. The primary focus will be the middle school.

By paying off the lease purchase, the district will be able to qualify for additional state money through a designated levy, beginning in 2006-2007. The district anticipates if they are able to maintain the levy for four years, the entire $2.8 million will be paid by the state.

In addition, the district will be able to free up $630,000 per year of operating funds that are currently being used to pay off the high school.

West County and Central schools passed similar bond issues last year.

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