2006 Adoption Note.
1987 Castleton and Hubbardton voted yes to the following articles.
ARTICLES OF AGREEMENT
1. The districts to be included in the proposed Union are Castleton and Hubbardton.
2. Due to transportation, spatial and geographic considerations, no other district will participate in the union.
3. The proposed union will operate grades K-8.
4. There will be no need for the construction of a new school to accommodate the proposed union. The existing facilities in Castleton will be acquired by the proposed union.
5.a. Transportation will be provided by the individual districts and their Boards.
b. The teaching staff and curriculum that is presently in existence in the Castleton District on July 1, 1988 will be assumed by the proposed Union. The proposed Union shall assume all rights and obligations of the Castleton School District under all master and individual contracts of employment on July 1, 1988.
6.a. There shall be no debt assumed by the proposed union from the Hubbardton District.
b. The proposed union shall assume the debt incurred by the Castleton District as of June 30, 1988 as defined on the addendum attached hereto.
7.a. The Hubbardton School District, having no properties to contribute to the proposed union, will buy a percentage of the Castleton District. This in turn would be turned over to the proposed Union along with Castleton's share.
b. The valuation of these properties is agreed to be $2,108,000.
c. Hubbardton shall acquire its share of the Castleton properties by:
1.a. paying to the Castleton School District 10% of the agreed value of buildings and properties owned by the Castleton School District, less debt owed by the Castleton School District as of July 1, 1988.
b. paying to the Castleton School District 8% of $135,200.00 which is the insured value of the contents and inventory. (See attached statement of values.)
2. Five years after the school year in which the Union is effected, figure a. shall be adjusted to directly represent the actual percentage of the Hubbardton student population of the total Union student population at that time. Said adjustment shall be made by either an additional payment by Hubbardton to Castleton or a rebate from Castleton to Hubbardton. Neither party shall be charged interest during the interim.
8. Capital and operating expenses shall be "divided among the two member districts in proportion which the student enrollment in each member district for the previous year bears to the total number of the students for that year enrolled in all the districts together." (Chapter 11 Article 3, Section 711) October 15 shall be the date for yearly evaluation.
9.a. The directors of the proposed union shall be elected in compliance with requirements as defined in Chapter 11, Title 16, Section 706e.
b. The directors shall be apportioned between Castleton and Hubbardton so that there be a director for each 350 registered voters or part thereof as listed on the check list of each Town in effect on October 15 of the year preceding the year of election of directors.
10. All directors shall, by the third year of the proposed Union, have three-year terms. The first two elections shall have staggered terms in compliance with Chapter 11, Title 16, Section 706b(10), and 706m.
11. The proposed Union shall be submitted to the voters for approval March 3, 1987.
12. If passed, the proposed union will assume control of Castleton School on and not before July l, 1988.