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Measure X Bonds Southern Humboldt Unified School District 55% Approval Required
See Also:
Index of all Measures |
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Results as of Nov 4 10:10pm, 0.0% of Precincts Reporting (0/2) |
Information shown below: Impartial Analysis | Arguments | Full Text | ||||
To improve the quality of education with funding that cannot be taken by the State; repair/replace leaky roofs; modernize outdated classrooms, restrooms and school facilities; repair aging plumbing systems; improve student access to computers and modern technology; upgrade electrical systems; and make health/safety improvements; shall the Southern Humboldt Joint Unified School District issue $10,000,000 of bonds at legal rates, have an independent citizens' oversight committee and have NO money used for salaries, with all funds staying local?
Dated: August 1, 2014 s/Douglas L. Losak DOUGLAS L. LOSAK Acting County Counsel Mendocino County
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Arguments For Measure X | Arguments Against Measure X |
In June 2010, Southern Humboldt Joint Unified School District voters overwhelmingly passed a general obligation bond to improve our community's schools. Since that time, tremendous improvements have been made in repairing and rehabilitating our children's schools and classrooms. But much remains to be done.
Measure X will allow the District to access its remaining funds sooner and at a cheaper cost. If we pass Measure X, the board will cancel the old bond from 2010 through the Board of Supervisors, thus resulting in even more taxpayer savings. By voting YES on Measure X, we can finish the job of improving our local public schools while at the same time SAVING MILLIONS OF TAXPAYER DOLLARS.
Here's how: Measure X makes financial sense and has taxpayer protections in place:
s/Chip Tittmann Owner, Arco Iris Woodworking s/David Kirby Retired s/Craig Parkinson Owner, Parkinson's Mill and True Value Hardware s/Joanne Wilson Owner, Nacho Mama s/Tammy Harrison Manager North Valley Bank
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Full Text of Measure X |
BOND AUTHORIZATION
By approval of this proposition by at least 55% of the registered voters voting on the proposition, the Southern Humboldt Joint Unified School District (the "District") shall be authorized to issue and sell bonds of up to $10.0 million in aggregate principal amount to provide financing for the specific school facilities projects listed in the Bond Project List below, and in order to qualify to receive State matching grant funds, subject to all of the accountability safeguards specified below. ACCOUNTABILITY SAFEGUARDS The provisions in this section are specifically included in this proposition in order that the District's voters and taxpayers may be assured that their money will be spent wisely to address specific facilities needs of the District, all in compliance with the requirements of Article XIII A, 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). Evaluation of Needs. The Board of Trustees hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List. Limitation on Use of Bond Proceeds. The State of California does not have the power to take locally approved school district bond funds for any State purposes. The Constitution allows proceeds from the sale of bonds authorized by this proposition to be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities listed in this proposition, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. Proceeds of the bonds may be used to pay or reimburse the District for the cost of District staff only when performing work on or necessary and incidental to the bond projects. Independent Citizens' Oversight Committee. The Board of Trustees shall establish an independent Citizens' Oversight Committee (pursuant to Education Code Section 15278 and following), to ensure bond proceeds are spent only for the school facilities projects listed in the Bond Project List. The committee shall be established within 60 days of the date on which the Board of Trustees enters the election results on its minutes. Annual Performance Audits. The Board of Trustees shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in the Bond Project List. Annual Financial Audits. The Board of Trustees shall conduct an annual, independent financial audit of the bond proceeds (which shall be separate from the District's regular annual financial audit) until all of those proceeds have been spent for the school facilities projects listed in the Bond Project List. 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 pursuant to Government Code Section 53410 and following 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 or the Chief Business Official of the District (or such other employee as may perform substantially similar duties) shall cause a report to be filed with the Board no later than December 31 of each year, commencing December 31 of the year in which bonds are first issued, 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 such officer shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board. FURTHER SPECIFICATIONS Specific Purposes. 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 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 53410. Joint Use. The District may enter into agreements with the County of Humboldt or County of Mendocino or other public agencies or nonprofit organizations for joint use of school facilities financed with the proceeds of the bonds in accordance with Education Code Section 17077.42 (or any successor provision). The District may seek State grant funds for eligible joint-use projects as permitted by law, and this proposition hereby specifies and acknowledges that bond funds will or may be used to fund all or a portion of the local share for any eligible joint-use projects identified in the Bond Project List or as otherwise permitted by California State regulations, as the Board of Trustees shall determine. Rate of Interest. The bonds shall bear interest at a rate per annum not exceeding the statutory maximum, payable at the time or times permitted by law. Term of Bonds. The number of years the whole or any part of the bonds are to run shall not exceed the legal limit, though this shall not preclude bonds from being sold which mature prior to the legal limit. BOND PROJECT LIST The Bond Project List below describes the specific projects the Southern Humboldt Joint Unified School District proposes to finance with proceeds of the bonds. Listed projects will be completed as needed at a particular school site according to Board-established priorities, and the order in which such projects appear on the Bond Project List is not an indication of priority for funding or completion. The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. Certain construction funds expected from non-bond sources, including State grant funds for eligible projects, have not yet been secured. Until all project costs and funding sources are known, the Board of Trustees cannot determine the amount of bond proceeds available to be spent on each project, nor guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Completion of some projects may be subject to further government approvals or appropriation by State officials and boards, to local environmental review, and to input from the public. For these reasons, inclusion of a project on the Bond Project List is not a guarantee that the project will be funded or completed. The Board of Trustees may make changes to the Bond Project List in the future consistent with the projects specified in the proposition. Bond proceeds will be expended to modernize, replace, renovate, expand, construct, acquire, equip, furnish and otherwise improve the classrooms and school facilities of the District, including those located at the following locations: Agnes J. Johnson School (TK-6th grade) Casterlin Elementary School (TK-8th grade) Miranda Jr. High School (7th + 8th grade) Redway School (TK-6th grade) Osprey Learning Center South Fork High School (9th + 12th grade) Whitehorn School (TK-6th grade) The specific school facilities projects to be funded include, but shall not be limited to: School Renovation, Repair and Upgrade Projects
Tax Rate Statement An election will be held in the Southern Humboldt Joint Unified School District (the "District") on November 4, 2014 to authorize the sale of $10,000,000 in general obligation bonds. The following information is submitted in compliance with Sections 9400-9404 of the California Elections Code. The best estimate of the tax rate that would be required 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 $.0430 per $100 ($43.00 per $100,000) of assessed valuation in fiscal year 2015-16. The best estimate of the tax rate that would be required 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 $.0430 per $100 ($43.00 per $100,000) of assessed valuation in fiscal year 2017-18. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.0430 per $100 ($43.00 per $100,000) of assessed valuation. These estimates are based on projections derived from information obtained from official sources. The actual tax rates and the years in which they will apply may vary depending on the timing of bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any MEASURE X - Continued
Tax Rate Statement + Continued
given time will be determined by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process.
Dated: 6/27/2014
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