This is an archive of a past election. See http://www.smartvoter.org/ca/mrn/ for current information. |
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Measure B School Facilities Improvements Bond Ross School District Two-thirds of the Vote Approval Required
See Also:
Index of all Measures |
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Results as of Jun 22 2:34pm, 100.0% of Precincts Reporting (7/7) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To provide financing for improvements to elementary classrooms and other facilities at Ross School (many 60+ years old), including (1) mitigating flood risk, (2) meeting current earthquake safety codes, (3) rectifying substandard heating, ventilation, plumbing, roofing and electrical systems, and (4) providing energy efficiency, shall Ross Elementary School District be authorized to issue bonds up to $15,000,000 at interest rates within the legal limit, with a citizens' oversight committee to monitor bond expenditures and review financial audits?
If this Measure is approved by two thirds of the vote, the Ross School District will be authorized to incur bonded indebtedness of Fifteen Million Dollars ($15,000,000) with an interest rate not to exceed the limit set by law. The proceeds of the proposed bonds must be used for the purposes set forth in the Measure and for no other purposes, and will be subject to oversight by a citizens' oversight committee to assure that the funds are spent only for the school facilities projects listed in the Measure. Dated: March 13, 2006
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Arguments For Measure B |
Ross School has been providing an outstanding education for children in our community for nearly a century, and the school consistently ranks among the best performing schools in the state. Strong support from parents and community members has been critical to the school's success. Ongoing support ensures that our school will continue to provide the highest quality educational programs. Measure B seeks approval of a $15,000,000 bond to provide financing for improvements to K-5 classrooms and other facilities at Ross School. Built primarily in the 1940s, these facilities are in need of major infrastructure improvements. In light of the December flood, which caused damages of over $550,000, mitigating the risk of future flood damage has become an important priority. Measure B would address the school's facilities needs by:
Measure B is the culmination of extensive public discussion and analysis by the School Board and many committees, including the Citizens' Facilities Committee. This committee, appointed in April 2005 after Measure C's defeat, was composed of 24 parents and community members: half supported Measure C and half opposed it. The committee reevaluated the district's facilities needs and funding options and concluded that: the school's facilities should be improved; remodeling is preferable to new construction when appropriate; and the district should seek voter approval for a $15,000,000 general obligation bond (within the district's current legal bonding capacity). The School Board incorporated these recommendations into Measure B, and has included a citizens' oversight committee to monitor bond expenditures and audits. Measure B is a prudent investment in our school and in our community. Please join us in voting YES on Measure B! s/ Nancy Wayne Holter, Former President
(No arguments against Measure B were submitted) |
Tax Rate Statement |
An election will be held in the Ross Elementary School District (the "District") on June 6, 2006, to authorize the sale of up to $15,000,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to sell the bonds in one series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The information in paragraphs numbered 1-2 below is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California.
Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions. Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process. Dated: March 8, 2006.
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Full Text of Measure B |
ROSS SCHOOL DISTRICT FACILITIES IMPROVEMENT BONDThis Proposition may be known and referred to as the "Ross School Facilities Improvement Bond" or as "Measure B". FINDINGSSince March 2004, the Ross Elementary School District has conducted an extensive and thorough fact finding, needs assessment, funding strategy and design process, with input from the community at large, staff, the Board of Trustees, and professional consultants, to address current and future school facility safety and program needs and assist in revising the facilities master plan originally developed in 1998. Significant public process contributed to the evolution of the Board of Trustees' objectives, including:
In light of the recommendations to the Board of Trustees of the various committees and professional consultants and public comment, and the storm-related flood damage sustained by the Ross School, the voters of the Ross Elementary School District hereby enact and approve the following Bond Measure. BOND AUTHORIZATIONBy approval of this proposition by at least two-thirds of the registered voters voting on the proposition, the Ross Elementary School District shall be authorized to issue and sell bonds of up to $15 million in aggregate principal amount to provide financing for the school facilities projects listed in the Bond Project List attached hereto as Exhibit A, and in order to qualify to receive State matching grant funds, subject to all of the accountability safeguards specified below. ACCOUNTABILITY SAFEGUARDSThe provisions in this section are specifically included in this proposition in order that the Ross Elementary School District's voters and taxpayers may be assured that their money will be spent prudently to address specific facilities needs of the Ross Elementary School District. Citizens' Oversight Committee. The Board of Trustees shall designate a citizens' oversight committee comprised of such members as the Board shall determine to review bond expenditures and ensure bond proceeds are expended only for the school facilities projects listed in Exhibit A. The citizens' oversight committee shall comply with the Brown Act, including posting of all agendas, conducting open meetings, and approving its meeting minutes. Annual Financial Audits. The Board of Trustees shall cause its annual, independent financial audit to include the bond proceeds until all of those proceeds have been expended for the school facilities projects listed in Exhibit A. The Board shall provide the annual financial audit to the citizens' oversight committee for its review. Special Bond Proceeds Account; Annual Report to Board. Upon approval of this proposition and the sale of any bonds approved, the Board of Trustees shall take actions necessary to establish an account in which proceeds of the sale of bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the Superintendent of the District shall cause a report to be filed with the Board no later than December 31 of each year, commencing December 31, 2006, stating (1) the amount of bond proceeds received and expended in that year, and (2) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Superintendent shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board. BOND PROJECT LISTThe Bond Project List attached to this resolution as Exhibit A shall be considered a part of this ballot proposition, and shall be reproduced in any official document required to contain the full statement of the bond proposition. The Bond Project List describes the specific projects the Ross Elementary School District proposes to finance with proceeds of the bonds. Listed projects and upgrades will be completed as needed according to Board-established priorities. Each project is assumed to include its share of costs of the election and bond issuance, architectural, engineering, inspection and similar planning and approval costs, construction management (whether performed by third-parties or the District), and a customary contingency for unforeseen design and construction costs, and other costs incidental to and necessary for completion of the listed projects. The actual cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. In addition, certain construction funds that may become available from non-bond sources, including individual donors, State grants and Federal disaster relief funds for eligible projects, have not yet been committed or received. The Board of Trustees recognizes that the bonds will not provide sufficient funds to allow completion of all listed projects, and the inclusion of any projects in the Bond Project List is not a guarantee that such projects will be completed or funded from the bonds.
MEASURE SUBMITTED TO THE VOTERSROSS SCHOOL DISTRICT FACILITIES IMPROVEMENT BONDMEASURE BTo provide financing for improvements to elementary classrooms and other facilities at Ross School (many 60+ years old), including (1) mitigating flood risk, (2) meeting current earthquake safety codes, (3) rectifying substandard heating, ventilation, plumbing, roofing and electrical systems, and (4) providing energy efficiency, shall Ross Elementary School District be authorized to issue bonds up to $15,000,000 at interest rates within the legal limit, with a citizens' oversight committee to monitor bond expenditures and review financial audits? FURTHER SPECIFICATIONSPurposes. All of the purposes enumerated in this proposition shall be
united and voted upon as one single proposition, pursuant to Education
Code Section 15100, and all the enumerated purposes shall constitute
the specific purposes of the bonds, and proceeds of the bonds shall be
spent only for such purposes, pursuant to Government Code Section Other Terms of the Bonds. When sold, the bonds shall bear interest at an annual rate not exceeding the statutory maximum, and that interest will be made payable at the time or times permitted by law. The bonds may be issued and sold in several series, and no bond shall be made to mature more than 25 years from the date borne by that bond.
EXHIBIT AROSS ELEMENTARY SCHOOL DISTRICT
Ross School
Facilities and infrastructure improvements to elementary classrooms and other facilities at Ross School as available financing allows, including restrooms, the library, the learning lab, the nurse's room, faculty work/preparation areas, and administrative offices, as follows:
Other Construction Work in Connection with Approved Projects
STATE MATCHING FUNDSCalifornia Education Code section 15122.5 requires the following statement to be included in this sample ballot: Approval of Measure B does not guarantee that the proposed project or projects in the Ross Elementary School District that are the subject of bonds under Measure B will be funded beyond the local revenues generated by Measure B. The District's proposal for the project or projects assumes the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure. |