WHEREAS, the money in and to be paid into the General Fund of Vashon Island School District #402, King County, Washington, by State and Federal Authority, during the 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 school years will be insufficient to enable the District to pay for necessary educational programs and district operations, and to meet the goals of Vashon Island School District including Student Assessment, Facilities Planning, Communication to the Community, and Operations and Fiscal Planning; and

WHEREAS, in order to properly provide for such educational goals, the board of Directors of the District deems it necessary to levy the following taxes for the DistrictÕs General Fund upon all the taxable property within the District in excess of the maximum annual tax levy permitted by law to be levied within the District without a vote of the electors:

A tax of approximately $1.41 per thousand dollars of assessed valuation to provide $3,670,000 said levy to be made in 2010 for collection in 2011; and

A tax of approximately $1.43 per thousand dollars of assessed valuation to provide $3,722,000 said levy to be made in 2011 for collection in 2012; and

A tax of approximately $1.45 per thousand dollars of assessed valuation to provide $3,860 ,000 said levy to be made in 2012 for collection in 2013; and

A tax of approximately $1.49 per thousand dollars of assessed valuation to provide $4,083,000 said levy to be made in 2013 for collection in 2014; and

WHEREAS, the Constitution and laws of the State of Washington require that the question of whether or not such taxes may be levied must be submitted to the qualified electors of the District for their ratification or rejection:

NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Vashon Island School District No. 402, King County, Washington, as follows;

Section 1: The following taxes for the DistrictÕs General Fund should be levied upon all the taxable property within the district in excess of the maximum annual tax levy permitted by law to be levied within the district without a vote of the electors;

A tax of approximately $1.41 per thousand dollars of assessed valuation to provide $3,670,000 said levy to be made in 2010 for collection in 2011; and

A tax of approximately $1.43 per thousand dollars of assessed valuation to provide $3,722,000 said levy to be made in 2011 for collection in 2012; and

A tax of approximately $1.45 per thousand dollars of assessed valuation to provide $3,860,000 said levy to be made in 2012 for collection in 2013; and

A tax of approximately $1.49 per thousand dollars of assessed valuation to provide $4,083,000 said levy to be made in 2013 for collection in 2014.

Upon approval by the voters of the proposition set forth below, the District may use the proceeds of said levies during the school years 2010-11, 2011-12, 2012-13, 2013-14, and 2014-15 to pay such part of the general expenses of educational programs and District operations during such school years as may be authorized or allowed by law for the use of such levy funds.

Section 2: The King County Department of Records and Elections, as ex-offico supervisor of elections in King County is hereby requested to conduct said special election to be held on said date and to submit to the qualified electors of the District the proposition hereinafter set forth.