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Measure B Antioch High School Facilities Improvement Bonds Antioch Unified School District School Facilities Improvement District 1 55% Approval Required Pass: 12264 / 62.84% Yes votes ...... 7251 / 37.16% No votes
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Index of all Measures |
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Results as of Dec 3 1:05pm, 100.0% of Precincts Reporting (58/58) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To modernize Antioch High School by renovating classrooms including science and computer labs, improving critical safety and security systems, building a library and cafeteria, upgrading athletic facilities, replacing inefficient building systems, and improving student access to classroom technology, shall School Facilities Improvement District No. 1 of Antioch Unified School District issue $56.5 million in construction bonds at legal interest rates with funds monitored by an Independent Citizens' Oversight Committee with no funds spent on Administrators?
If this measure passes, taxes would be levied on property within the Improvement District in order to generate revenue to repay the bonds. The District estimates that the highest tax rate required to repay the bonds is $49.80 per $100,000 of assessed valuation during each year beginning in fiscal year 2013-2014, when the first bonds would be sold, and continuing through fiscal year 2046-2047, which is 30 years after the last bonds would be sold. The measure states that the proceeds from the sale of the bonds will be used to "modernize, renovate, construct, acquire, equip, furnish, and otherwise improve school and related facilities at Antioch High School," as described in the measure. The proceeds must be deposited into a designated account and used only for the purposes specified in the ballot measure. The measure provides that the District will pursue State matching funds, and revenue from other funding sources, to finance the improvements specified in the measure. State law requires the District to perform an annual independent performance audit and, until all bond proceeds have been expended, an annual independent financial audit, to confirm that bond proceeds are being used to finance the improvements specified in this measure. State law requires the District's chief fiscal officer to annually file with the District Board of Trustees a report that states the amount of proceeds generated from the sale of bonds, the amount expended for improvements, and the status of the improvements to be funded with bond proceeds. State law also requires the District to establish, and appoint members to, a citizens' oversight committee. That oversight committee is required to ensure that bond proceeds are expended only for the purposes described in this measure, and that no bond proceeds are used to pay teacher or administrator salaries. Fifty-five percent (55%) of those voting on the ballot measure must approve the measure for it to pass. A "yes" vote is a vote in favor of the ballot measure. A "no" vote is a vote against the ballot measure.
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Arguments For Measure B | Arguments Against Measure B | ||
A Yes vote on Measure B will provide the funds to renovate and modernize Antioch High School. The current high school has served the community since 1954. Nearly 60 years of use by 14 to 18 year old students has taken its toll and it is time for the community to step up and take care of one of our greatest assets.
There are no other funds available to repair Antioch High School. The fact is Antioch High School was built in 1954 and has served many generations of students. But the campus is worn out and needs to be renovated and modernized to meet the needs of students today and in the future. A Yes Vote on Measure B will:
Measure B is an investment in our local community. Measure B projects will provide local construction jobs and improvements to the high school will benefit all property owners. A renovated high school will help reinvigorate Antioch. Please join us and vote to support Antioch High School. Vote Yes on Measure B. Steve R. Sanchez,U.S. Wrestling Federation National Coach of the Year & Antioch Sports Legend Dylan M. Howell, Teacher, Antioch High, 12 year Antioch Resident James R. Lanter, Community Activist, Business Owner (Local) Dr. Sean K. Wright, Business Owner, Chiropractor, 2011 Antioch Citizen of the year Trine R. Gallegos, Parent-Teacher Org board member AHS Class of '79
Vote NO! They've always had the money, and still do (read our ARGUMENT AGAINST)! What self-serving hypocrites! Many pushing for taxing you (previous Measure) contributed no money to support it. This includes;
Their Board majorities have had over 55 years to have budgeted for it, but always refused to do so! Instead they've given continued increases in pensions, wages, and benefits! But they've spent on Southeast Antioch's newer Schools' wants! This Measure's tax is merely "estimated." You'll pay based on assessed value, some will pay hundreds more yearly than others will! Your yearly taxes undoubtedly will increase as assessed values increase, and series bonds are taken out, without your additional approval. It's another similar Mello-Roos type tax! Very sneaky! Vote "NO" We're taxed too much! "NO" means "NO" Stop more taxes! Citizens for Democracy Ralph A. Hernandez, Chairperson and Former Antioch City Council Member Norma A. Hernandez CFD's Senior Citizens' Representative Former Antioch City Council Member | Voters already defeated their June $59,500,000.00 School Bond attempt. The School Board decided to ignore the vote, submitting a $56,500,000.00 Bond Measure. What part of "NO" don't they understand? It insults your integrity, Prop 13 protections, and American voting! Residents are losing their jobs and homes due to less work and more taxes! This additional debt makes things less affordable, raises rents, and makes property ownership or purchases expensive for 30 more years! You'll have less money to spend on your families and at local stores, further reducing your buying power for 30 more years! Layoffs and closures then follow! That's unacceptable!
Vote NO! They already get enough money yearly to fund this, with about a $150,000,000.00 annual budget! For over 55 years now they've always had the means, but don't want to! Do you really trust these incompetent failures with more of your money? They're still collecting from the $61,000,000.00 2008 School Bond's monies from you, and still have about $20,800,000.00 left they could spend on this. What'd they do with the State grant monies given them, and the $1,500,000.00 gifted for the swimming pool? Vote NO, or suffer the consequences! If this Measure passes you'll owe them and be on their "hook" for 30 more years! Will you be able to afford continuing increases in your taxes, food, gasoline, bills, rents, mortgages, medicines, unexpected medical needs, or utilities? Will your own future be better, allowing them to take your money? Protect yourselves and your loved ones. Vote NO! Vote NO! They lost the June election! They don't care how the vote turned out, ignoring it even! They want another crack at taking more of your money! They refuse to abide by your vote! They say trust them, but can you? NO! We're Taxed too much! Vote "NO" Citizens for Democracy Ralph A. Hernandez, Chairperson, and Former Antioch City Council Member Norma A. Hernandez CFD's Senior Citizens' Representative Former Antioch City Council Member
The facts about Measure B are clear: Every Yes vote is a vote to address critical renovation and modernization needs at Antioch High School. Every Yes vote will allow classrooms and buildings that have served our community for more than 50 years to be renovated. Every Yes vote will benefit this and future generations of Antioch students. There are no other funds available to complete these projects. All of the funds will be monitored by a Citizens' Oversight Committee. The committee must include a representative of a taxpayers' organization, a senior citizen, a local business person and an active parent. No employee, vendor, contractor or consultant of the District may serve on the committee. Passage of Measure B will provide local construction and technical jobs in Antioch. Investing in our schools is the best way to protect and preserve our property values, spur economic development and create local jobs. We owe this and future generations of Antioch students the best high school we can provide. We can't wait on Sacramento. There is no state funding available for these critical renovations. We must provide our schools with a reliable, local source of funds to renovate and modernize Antioch High School. Please visit http://www.YesonBondB.com and Vote Yes on Measure B. Gloria A. Martin, Retired Business Woman & Community Philanthropist James G. Boccio, Senior Citizen of the year 1992 Leo Fontana,Lifetime Antioch Resident & Downtown Business Owner John Slatten, President East County Insurance Agency Mickie Marchetti, Antioch High School Alumni |
Tax Rate Statement |
An election will be held in the Antioch Unified School District School Facilities Improvement District No. 1 (the "SFID") on November 6, 2012, to authorize the sale of up to $56,500,000 in bonds of the SFID to finance school facilities as described in the proposition. If the bonds are approved, the SFID plans to issue the bonds in series over time. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the SFID. The information presented in numbered paragraphs 1-3 below is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. The information presented in numbered paragraph 4 below is provided at the direction of the district.
Based upon the foregoing and projections of the SFID's assessed valuation, and assuming the entire debt service will be amortized through property taxation: 1. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is 4.98 cents per $100 ($49.80 per $100,000) of assessed valuation in the fiscal year 2013-14. The best estimate of the tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the last series of bonds, based on estimated assessed valuations available at the time of filing of this statement is 4.98 cents per $100 ($49.80 per $100,000) of assessed valuation in the fiscal year 2017-18. 3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is 4.98 cents per $100 ($49.80 per $100,000) of assessed valuation in the fiscal year 2013-14. The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the entire term of repayment (currently estimated to be from 2013-14 through 2046-47 (thirty years from the sale of the last series of bonds)) is 4.98 cents per $100 ($49.80 per $100,000) of assessed valuation." The tax rate estimates in this statement reflect the District's current projection of future assessed values within the SFID and of future debt service payments, which are based on certain assumptions. Approval of the ballot measure authorizes the issuance of bonds under certain conditions and for certain purposes, and is not approval of a specific tax rate or a specific plan of bond issuance. 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 and repayment structure of bonds sold, 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 and repayment structure of bonds sold at any given time will be determined by the SFID based on its need for construction funds, its desire to meet the tax rate targets stated above, the legal limitations on bonds approved by a 55% vote, and other factors. The actual interest rates at which the bonds will be sold will depend on bond market conditions at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the SFID as determined by the County Assessor in the annual assessment and the equalization process. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property in the SFID as shown 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. Donald Gill, Ed.D., Superintendent Antioch Unified School District |
Full Text of Measure B |
INTRODUCTION
To renovate and modernize Antioch High School by renovating classrooms including science and computer labs, building a new library and cafeteria, upgrading athletic facilities, replacing inefficient building systems, and improving student access to computers and technology, shall School Facilities Improvement District No. 1 of Antioch Unified School District issue $56.5 million in bonds at legal interest rates with funds monitored by an Independent Citizens' Oversight Committee and no funds spent on administrators? BOND AUTHORIZATION By approval of this measure by at least 55 percent of the registered voters voting on the measure, School Facilities Improvement District No. 1 of Antioch Unified School District will be authorized to issue and sell bonds of up to $56.5 million in aggregate principal amount at interest rates below the legal limit and to provide financing for the specific school facilities projects listed in the Bond Project List described below, subject to all the accountability requirements specified below.** ACCOUNTABILITY REQUIREMENTS The following information is included in this ballot measure as required pursuant to Article XIIIA, Section 1(b)(3), of the State Constitution and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Education Code Sections 15264 and following.) Use of Bond Proceeds. Proceeds from the sale of bonds authorized by this measure shall be used only for the acquisition, construction, reconstruction and/or rehabilitation of school facilities, including the furnishing and equipping of school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. Identification of Needs. The School Board has identified detailed facilities needs of School Facilities Improvement District No. 1 and has determined which projects to finance from a local bond at this time as described in the Bond Project List shown below. The School Board hereby certifies that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the Bond Project List. Performance Audits. The School Board shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed below. Financial Audits. The School Board shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed below. Independent Citizens' Oversight Committee. The School Board shall establish an Independent Citizens' Oversight Committee, under Education Code Sections 15278 and following, to ensure bond proceeds are expended only on the school facilities projects listed below. The committee will be established within 60 days of the date when the results of the election appear in the minutes of the School Board. Government Code Accountability Requirements. As required by Section 53410 of the Government Code: (1) the specific purpose of the bonds is set forth in this Full Text of the Measure, (2) the proceeds from the sale of the bonds will be used only for the purposes specified in this Measure, and not for any other purpose, (3) the proceeds of the bonds, when and if issued, will be deposited into a building fund to be held by the Contra Costa County Treasurer, as required by the California Education Code, and (4) the Superintendent of the District shall cause an annual report to be filed with the Governing Board of the District not later than January 1 of each year, which report shall contain pertinent information regarding the amount of funds collected and expended, as well as the status of the projects listed in this Measure, as required by Sections 53410 and 53411 of the Government Code. BOND PROJECT LIST The Bond Project List shown below is a part of the ballot measure and must be reproduced in any official document required to contain the full statement of the bond measure. Scope of Projects. Bond proceeds will be expended to modernize, replace, renovate, construct, acquire, equip, furnish and otherwise improve school and related facilities at Antioch High School, as more particularly described in the list below. The District will renovate and redesign classrooms to support small learning communities and career based learning academies, replace and relocate portable classrooms, upgrade and replace inefficient electrical, heating and plumbing systems, repair and/or replace athletic facilities, update safety and technology systems, perform seismic upgrades, and replace and/or renovate the cafeteria, administration facilities and library. Bond funds will allow the District to renovate and reconfigure existing facilities to better serve the needs of the students. The specific school facilities projects to be funded include, but shall not be limited to, the following: RENOVATION, MODERNIZATION, REPAIR AND CONSTRUCTION OF ANTIOCH HIGH SCHOOL
The bond projects include all work necessary and incidental to the specific projects described above, including but not limited to demolition of existing structures, rental or construction of storage facilities and other space on an interim basis and interim classrooms (including relocatables) for students and school functions or other storage for classroom materials displaced during construction, addressing unforeseen conditions revealed by construction/modernization and other necessary improvements required to comply with existing building codes, including the Field Act, and access requirements of the Americans with Disabilities Act The District will pursue additional State Bond matching funds based on eligibility and availability. The District will also pursue all available local joint-use funds, developer fees, or federal funds available for any high school construction and improvements. The order in which school facilities projects are listed does not suggest an order of priority and the District is unable to anticipate all unforeseen circumstances which may prevent some of the projects listed above from being undertaken or completed. |