1639 / 63.6% Yes votes ...... 938 / 36.3% No votes

See Also: Index of all Measures

GOLD TRAIL UNION SCHOOL DISTRICT BOND MEASURE G

This measure, if approved by 55 percent of the voters voting thereon, would authorize the sale of general obligation bonds of the Gold Trail Union School District (the "District") in the amount of $1,800,000.

The proceeds of the bonds would be used for the purposes described in the Complete Text of Measure G, which precedes this analysis. If the measure passes, the District's Board of Trustees will conduct an annual, independent performance audit to ensure that the bond funds have been expended only for the specific projects listed in the measure and will conduct an annual, independent fiscal audit of the proceeds from the sale of the bonds. The District's chief fiscal officer shall prepare an annual report of the amount of funds collected and expended and the status of any project funded by the bonds. If the measure passes, the District will also establish a citizens' oversight committee whose purpose would be to inform the public concerning the expenditure of bond revenues.

At the discretion of the District's Board of Trustees, all or any part of the bonds could be sold. However, no bond sale could be made that would cause the total outstanding bonded indebtedness of the District to exceed 1.25 percent of the taxable property of the District as shown by the last equalized assessment of El Dorado County as modified pursuant to Education Code Section 15102, unless this limit is waived pursuant to Education Code Section 33050. In addition, no bond sale could be made that would cause the tax rate levied to pay debt service on the bonds authorized at this election to exceed $30 per $100,000 of taxable property, based on projections of assessed value by the District, unless this limit is waived pursuant to Education Code Section 33050. The final maturity date of any series of bonds could be no later than 25 years after the date of the series. The interest rate that the bonds would bear could not exceed the statutory limit per annum. Principal and interest on the bonds would be paid by revenue derived from an annual tax levied upon the taxable property within the District.

The procedures followed for the proposed issuance of these general obligation bonds, including the election process for electorate approval thereof, are as specified in the Constitution, the Education Code, and the Elections Code of the State of California.

The conduct of this general obligation bond election and the issuance of the bonds will be in conformance with existing laws of the State of California and will not otherwise affect existing law.

The Tax Rate Statement of the District, which follows this analysis, reflects the maximum property tax levies required to service the bonds, based upon current best estimates available.

This analysis is submitted by the Office of the County Counsel of El Dorado County, pursuant to the requirements of Section 9500 of the Elections Code of the State of California.

s/ Louis B. Green, County Counsel

Sacramento Bee

• School upgrades riding on two bonds 10/17/02

supports

• Vote YES on Bond Measure G

The children of the Gold Trail Union School District need your YES vote for Measure G!

Our schools are providing an excellent education for our children as demonstrated by high rankings on the State Academic Performance Index. However, the learning environment at Gold Trail School is threatened by aging facilities, some of which are more than 40 years old.

Funds from Measure G will enable essential health and safety improvements - a new campus fire alarm system, energy efficient heating and cooling equipment, and electrical updates. The funds will improve the accessibility of facilities by installing new ramps, replacing damaged pavement, and improving entryways. Measure G will modernize classrooms and the multipurpose room by paying for additional outlets and updated wiring for computer technology, important for learning in the future. Funds will build and equip a gymnasium which can be used by the community for athletics, the arts, meetings and family events.

Measure G is a "good deal" for Gold Trail taxpayers. Your YES vote enables the District to receive matching funds from the State. This match would be $898,000 for the modernization and $904,000 for the gymnasium. The annual assessment is capped at $30 per $100,000 of assessed real property value (not market value), and will decrease in future years to an average of $18.93 per $100,000.

Every penny will be put to good use. A Citizens' Oversight Committee will monitor all expenditures. By law, all Measure G funds will be used for school improvements and no money may be used for teacher or administrator salaries or other operating expenses.

Measure G is supported by teachers, parents, business leaders, prudent taxpayers, senior citizens and former students. A modern, safe school is a community asset that will enhance our property values. Join us in voting YES on Measure G!

s/ Terri Hartley Past Parent-Teacher Organization President

s/ Cindy Akin Konwinski Gold Trail Union School District Governing Board Member

s/ Bob Edwards Educator, Retired

s/ Ronald Huston Rancher

s/ Bernell Dowse U.S.A.F., Retired

(No arguments against Measure G were submitted)

An election will be held in the Gold Trail Union School District (the "District") on November 5, 2002, to authorize the sale of up to $1,800,000 in general obligation bonds of the District to finance the construction and modernization of real property and the acquisition of furniture and equipment for school purposes. If such bonds are authorized and sold, the principal thereof and interest thereon 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 rate that would be required to be levied to fund this bond issue during the first year after the sale of the first series of bonds, based on estimated assessed valuations available at the time of this statement, is $0.0296 per $100 ($29.64 per $100,000) of assessed valuation in year 2003-04.

2. The best estimate of the tax rate that would be required to be levied to fund this bond issue during the first year after the sale of the last series of bonds, based on estimated assessed valuations available at the time of this statement, is $0.0296 per $100 ($29.64 per $100,000) of assessed valuation in year 2003-04.

3. The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of this statement, is $0.0296 per $100 ($29.64 per $100,000) of assessed valuation in year 2003-04.

The average tax rate over the repayment period of all of the bonds (2003-04 through 2027-28) is estimated to be $0.0189 ($18.93 per $100,000 of assessed value).

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 at any given sale, market interest rates at the time of each bond sale, and actual assessed valuations over the term of repayment of the bonds.

Dated: May 23, 2002

s/ Joyce Flanigan

Superintendent

Upon the passage of Measure G, the Gold Trail Union School District shall be authorized to issue bonds in the aggregate amount of $1,800,000, bearing interest at rates not exceeding the statutory limit, for the purpose of funding the following school facilities projects at Gold Trail School:

1. Upgrade the campus fire alarm system;
2. Replace electrical panels and power wires;
3. Upgrade heating/cooling equipment;
4. Upgrade alarm, phones and technology wiring;
5. Renovate facilities to provide access for the disabled; i.e., van-accessible parking, accessible entries to classrooms and public spaces, restrooms, door hardware and thresholds, and drinking fountains;
6. Provide additional electrical outlets;
7. Replace/improve multi-purpose room lights, exterior lighting and electrical outlets in the classrooms;
8. New paint, tile and carpets in the classrooms;
9. Replace old asphalt paving;
10. Replace cabinets, glass windows, doors and plumbing, as needed; and
11. Construct, furnish and equip a gymnasium.

The bond proceeds shall only be used for acquiring, constructing, renovating, furnishing, and equipping school facilities and grounds and not for teacher and administrator salaries, other school operating expenses, or any other purpose.

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 funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

Additionally, the District Board of Trustees will appoint a citizen's oversight committee (the "Committee") having a minimum of seven members and including at least one member active in a business organization representing the business community located within the District, one member active in a senior citizens' organization, one member active in a bona fide taxpayers' organization, one member the parent or guardian of a child enrolled in the District, and one member both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization.

The District will deposit the proceeds of the bonds in a separate account. The District will have financial and performance audits performed annually to account for the bond funds and to assure that funds have only been expended on the specific projects authorized.