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At Monday's meeting, the board voted 4-0 to submit a $32.2 million bond issue for voter approval on the Nov. 5 ballot.
Board member Doug Miller was absent.
That amount is the equivalent of about a 4.6-mill property tax, said district Treasurer James Rossler.
The issue will pay for the first of a two-phase building plan. The first phase calls for a new school for pre-kindergarten through second grade on the site of Eagle Hills Elementary School and a new grade 3 through 5 school on the site of Indian Hills Elementary.
The board will take the second necessary vote to go forward with the issue at a special meeting July 22 at 5 p.m. at Bulldog Center.
If the levy is approved, construction for the Indian Hills school would begin in 2014, and once it is finished construction at Eagle Point would start mid-2015.