SHALL NORWOOD SCHOOL DISTRICT R-2J DEBT BE INCREASED UP TO $10,210,000 WITH A REPAYMENT COST OF UP TO $19,500,000, AND SHALL DISTRICT TAXES BE INCREASED BY UP TO $780,000 ANNUALLY WITH THE INCREASE IN DEBT TO OCCUR ONLY IF THE SCHOOL DISTRICT RECEIVES A "BEST" GRANT AWARD GREATER THAN $59,599,860 (WHICH GRANT FUNDS ARE NOT REQUIRED TO BE REPAID BY THE SCHOOL DISTRICT) TO ADDRESS CRITICAL DISTRICT NEEDS AND FUND THE COSTS OF THE FOLLOWING PROJECT:
• REPLACING THE DISTRICT'S EXISTING PRESCHOOL THROUGH HIGH SCHOOL FACILITY BY CONSTRUCTING A SAFER, HEALTHIER AND EFFICIENT UP-TO-DATE FACILITY MEETING THE EDUCATIONAL NEEDS OF THE DISTRICT'S STUDENTS AND SERVING THE COMMUNITY:
TOGETHER WITH RELATED NEW SITE AND IMPROVED WATER USAGE CAPITAL IMPROVEMENTS REQUIRED OR OTHERWISE NECESSARY IN CONNECTION WITH THE PROJECT, BY THE ISSUANCE AND PAYMENT OF GENERAL OBLIGATION BONDS WHICH SHALL BEAR INTEREST, MATURE, ARE SUBJECT TO REDEMPTION, WITH OR WITHOUT PREMIUM, AND ARE ISSUED AT SUCH TIME, AT SUCH PRICE (AT, ABOVE OR BELOW PAR) AND IN SUCH MANNER AND CONTAINING SUCH TERMS, CONSISTENT WITH THIS BALLOT ISSUE, AS THE BOARD OF EDUCATION MAY DETERMINE; AND SHALL AD VALOREM PROPERTY TAXES BE LEVIED WITHOUT LIMIT AS TO THE MILL RATE TO GENERATE AMOUNTS, NOT TO EXCEED THE AMOUNTS SET FORTH ABOVE, SUFFICIENT IN EACH YEAR TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS?