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Measure G Glendora Unified School District General Obligation Bond Measure
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Information shown below: Official Information | Impartial Analysis | | ||||||
To repair, upgrade and make improvements to all Glendora Unified School District schools and qualify for $22 million in State grants, shall Glendora Unified School District repair/replace aging roofs, provide additional computer and science labs, install wiring for technology, repair and upgrade classrooms, restrooms, ventilation systems, bring schools into compliance with current building safety/health codes, acquire and construct classrooms and school facilities by issuing $21 million of bonds at interest rates within legal limits, with annual audits and citizen oversight?
Funds received from the sale of the bonds would be used for the acquisition and improvement of real property, including repairing and replacing roofs, providing additional computer and science laboratories, installing wiring, repairing and upgrading classrooms, restrooms and ventilation sytems, bringing schools into compliance with current building safety and health codes, acquiring and constructing classrooms and school facilities, and making the District eligible for $22,000,000 in state grants. Annual audits, with civilian oversight, will be conducted on expenditures, and proceeds will not be expended on salaries or other school operating expenses. The bonds would be issued and sold at an interest rate not to exceed twelve percent (12%) per annum, and would be repaid over a period not to exceed thirty (30) years by a property tax levied upon real property located within the District. This measure requires a two-thirds (2/3) vote for passage. Notice to Voters: Approval of Measure G does not guarantee that the proposed project or projects in the Glendora Unified School District that are the subject of bonds under Measure G will be funded beyond the local revenues generated by Measure G. The school district's proposal for the project or projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.
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