In November of 2020, our community approved two measures that will ensure the evolution of the Weld RE-5J School District. The 2020 Bond and Mill Levy Override (MLO) are funding a variety of projects that enable innovative learning experiences for all students while enhancing our educator recruitment and retention, modernizing our facilities and equipment, and investing in the social, emotional, and mental health of all of our stakeholders.
A voter-approved MLO provides additional operating monies, typically for instructional programs and other high-priority operating expenses. Voter-approved bond measures, on the other hand, are often used to fund new schools and facility improvements.
Bond Projects
Thank you for your trust and support as we continue to advance the projects and goals outlined in the 2020 bond ballot question.
Goals:
Address overcrowding.
Enhance instructional spaces to strengthen STEM (Science, Technology, Engineering and Mathematics) and CTE (Career & Technical Education) Programming.
Extend the life of existing facilities.
Reduce costly emergency repairs.
Improve safety and security.
Enhance energy efficiency.
Improve universal accessibility.
Protect property values.
Due to excellent preparation, led by Weld RE-5J School District’s Chief Financial Officer Michael Everest, our bond issue on January 20th, 2021, exceeded all expectations. The bond raised over $300 million with orders from 23 unique investors. This significant demand generated a premium of more than $30 million for the District Project Fund which enabled the addition of second and third phases to lift all Weld RE-5J schools. The bond premium is the amount investors pay over the face value of the bonds and does not have to be paid back. In addition, the district's all-in interest rate was 2.32%, which is lower than expected. As a result, the district is paying back less than anticipated while receiving more than projected. Funds became available to the district in February of 2021.
All projects are ON BUDGET and ON TIME. Learn more below:
Replace Letford Elementary
Click the picture above to learn more about the new Elwell Elementary.
Construct New Roosevelt High School
Click the picture above to learn more about the new Roosevelt High School.
Make Facility Improvements
Our bond measure include improvements to 5 of our existing facilities. Click the picture above to learn more.
Convert Existing High School
Convert existing high school into a middle school. Click the picture above to learn more.
Mill Levy - $4 Million Per Year in Funding
Click on any picture to learn more about the use of Mill Levy Funds.
Attract and Retain Quality Teachers and Staff
The key to any successful organization and community is its people.
Provide additional safety, security, and mental health personnel
We are ensuring that all of our facilities and equipment are safe, secure, and ready for learning.
Expand Career and Technical Education
We are investing in the future of our students and community through robust Career and Technical Education (CTE) offerings.
Replace Buses
We will be replacing buses that have reached the end of their service life and maintain transportation safety.