League of Women Voters of California Education Fund
	Placer, Nevada County, CA November 6, 2012 Election
	Measure J Proposal to Issue and Sell Bonds Truckee Donner Recreation and Park District 2/3 Approval Required Fail: 266 / 52.99% Yes votes ...... 236 / 47.01% No votes See Also: Index of all Measures

Arguments For Measure J

Arguments Against Measure J

Vote YES on Measure J to put Truckee first and enrich our community with a much needed performing arts center and a new multi-use aquatic facility. Our natural environment, recreational opportunities and vibrant community help make this a wonderful place to live. Measure J will improve our quality of life, protect our property values and boost our local economy. Your YES vote is critical. Why? Measure J will provide: Recreational opportunities for families, children and seniors by providing a year-round, more cost-effective energy-efficient pool to replace the current outdated pool A performing arts center creating space for film, music, dance, theater and cultural arts not adequately provided in our community New after-school programming to keep children and teens active and out of trouble Fiscal accountability is required: All Measure J funds will stay in our community--no funds can be taken away by Sacramento Independent citizens' oversight will ensure funds are spent as promised Mandatory financial audits and annual reports are required No funds can be used for administrators' salaries Measure J will allow our community the opportunity to seek public and private grant funding to support additional programming in our district. Due to wise fiscal management, Truckee Donner Recreation and Park District will provide a $7 million contribution, making our local dollars go farther. Vacation homeowners will pay their fair share and much of the cost to build and maintain these facilities. Now is the time to invest in our community. Construction costs and interest rates are at an all-time low. Measure J will create local jobs and boost economic activity in Truckee, providing approximately $2 million in economic benefits to Truckee every year. Put Truckee first and vote YES on J! /s Kevin C. Murphy, TDRPD Board Member /s Steve Randall, TDRPD General Manager /s Robert F. French, Chairman, Performing Arts Commission /s Mark Tanner, President, Mark Tanner Construction, Inc. /s Dan Kates, President Truckee Aquatic Coalition Rebuttal to Arguments For Statements I made in the argument against Measure J did in fact contain errors and I hereby retract such statements and make the following amendments. (1) I retract the statement that the District cannot manage their own books; (2) The District did not fail financial audits two years in a row; and (3) The District partnered with the Town of Truckee for bookkeeping services to save money and be more efficient. Lynne R. Larson Citizens for responsible government

The timing of Measure J couldn't be worse. The Truckee Donner Recreation and Park District should not be asking for more money when they cannot manage their own books. The District has failed their financial audit for the past two years and has turned their bookkeeping over to the Town of Truckee. The District has spent nearly $400,000 on consultants, surveys, renderings and plans for an Aquatic Center and Performing Arts Center. The Performing Arts Center is not shovel ready and there is controversy within the community on the Performing Arts Center location, true cost and design. Measure J does not pass the common sense test. The Performing Arts Center is estimated to lose over $100,000 a year. The proposed Aquatic Center is estimated to lose $180,700 a year. There are no less than 11 swimming pools already within the District boundaries. The Truckee Donner Recreation and Park District is currently paying $1.7 million per year servicing their loans for the Community Center and the River View Sports Park. This is not the time to be giving the Rec and Park district more public money. They need to clean up their financial situation before they ask the community for more money. Plans need to be generated that the community can support when the economy has significantly improved. Submitted by Truckee Citizens for Responsible Government Lynne R. Larson, Chairman Rebuttal to Arguments Against Don't be misled by the argument against measure J Here is the truth: Truckee Donner Recreation and Park District has an unblemished record of fiscal management and has passed every financial audit. Our district is evaluated independently by Standard & Poor's--a respected financial rating agency--and received an "A" rating, one of the strongest for a recreation district in California. Due to strong financial management during construction of the Community Center, the District saved over $7 million which will be used to reduce the cost of Measure J projects for local taxpayers. Now is precisely the right time to invest in our community and pass Measure J. Construction costs are at an all- time low Interest rates are at an all- time low It costs less to build these facilities now Every penny stays right here benefiting local residents Measure J will spur economic activity in Truckee, which is more important now than ever. Not only will Measure J create local jobs, but it will also create approximately $2 million of economic activity in our community each year. An independent citizens' oversight committee and mandatory annual audits will ensure that all funds are spent as promised. Your YES vote will put Truckee first and give our community the boost it needs. Measure J is supported by the most respected leaders in our community, including parents, seniors, public safety officers, local business owners and community members. Put TRUCKEE FIRST and VOTE YES ON J. /s Steve Randall, TDRPD General Manager

Tax Rate Statement

An election will be held in the Truckee Donner Recreation and Park District (the "District") on November 6, 2012, to authorize the sale of up to $8,520,000 in bonds of the District to improve arts and recreation, and create local jobs and economic activity, by constructing a center for music, dance, film and performing arts programs, as well as, a year-round aquatic center for children, adults and seniors. 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 following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. 1. The best estimate of the tax which would be required to be levied to fund this bond issue during the first fiscal year after the first sale of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is 0.688 cents per $100 ($6.88 per $100,000) of assessed valuation in fiscal year 2013-14. 2. 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 0.699 cents per $100 ($6.99 per $100,000) of assessed valuation in fiscal years 2021-22. 3. The best estimate of the average tax rate which would be required to be levied to fund this bond issue during the life of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is 0.691 cents per $100 ($6.91 per $100,000) of assessed valuation. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on Nevada County's and Placer 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 the need for construction funds and other factors, including the legal limitations on bonds approved by a two-thirds vote. 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 Nevada County Assessor and the Placer County Assessor in the annual assessment and the equalization process. Dated: June 22, 2012 /s H. Peter Werbel Chairman, Board of Directors Truckee Donner Recreation and Park District

Full Text of Measure J

Upon the passage of Measure J, the Truckee Donner Recreation and Park District shall be authorized to issue bonds in the aggregate amount of $8,520,000, bearing interest at rates not exceeding the statutory limit, for the purpose of funding the following projects: Construction of a new performing arts center for music, dance, film and performing arts programs for children, adults and seniors; and Construction of energy efficient, year-round aquatic center available for swim lessons, lap swimming, and senior exercise and therapy programs. To the extent savings are realized from the projects described above, proceeds of such bonds are also authorized to fund the following: Construction of additional classrooms at the Community Recreation Center; and Renovation and conversion of old aquatic center into new indoor field house. The abbreviated ballot measure shall read as follows: MEASURE J: To improve arts and recreation and create jobs and economic activity in Truckee-Donner by replacing the 40-year old swimming pool with a safe and efficient aquatic center for lessons, lap swimming, senior exercise and therapy programs; providing performing arts center for music, dance, film and other programs, shall Truckee Donner Recreation and Park District issue $8.52 million in bonds that cannot be taken by the State and require annual audits, independent oversight and no money for administrator salaries? Approval of the District's bond measure does not guarantee that the projects that are the subject of the measure will be funded beyond the local revenues generated by the bond measure. The District's proposed projects may assume the receipt of state or other funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure. Additionally, the District's Board of Directors ("Board") will appoint a citizen's oversight committee to ensure that the proceeds of the bonds are spent only for the specific authorized purposes and projects. Such committee shall meet no less than once per year. The membership requirements and procedures for such committee shall be established by the Board. The District will deposit the proceeds of the bonds in a separate account. The Board is bound to conduct financial and performance audits annually to account for the bond funds and to assure that funds have only been expended on the specific projects authorized. Specific Projects to Be Funded: The primary specific projects ("Primary Projects") to be funded with proceeds from bonds authorized by this resolution are as follows: Construction of a new performing arts center for music, dance, film and performing arts programs for children, adults and seniors; and Construction of energy efficient, year-round aquatic center available for swim lessons, lap swimming, and senior exercise and therapy programs. To the extent savings are realized from the Primary Projects described above, proceeds of bonds authorized by this resolution are also authorized to fund the following: Construction of additional classrooms at the Community Recreation Center; and Renovation and conversion of old aquatic center into new indoor field house.