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BALLOT MEASURE
FULL TEXT OF MEASURE D

                                                                               
To repair, improve and equip Lillian Larsen and Cappy Culver Schools including new classrooms for technology, science and vocational training, security fencing for improved student safety, and upgraded heating/air conditioning systems, shall San Miguel Joint Union School District be authorized to issue $5.9 million of bonds with interest rates below legal limits, annual audits, independent citizens’ oversight, all funds spent locally and no money used for administrative salaries or taken by the State and spent elsewhere?
Bonds—Yes                                                  Bonds—No
                                                                               
BOND AUTHORIZATION
By approval of this proposition by at least 55 percent of the registered voters voting on the measure, the San Miguel Joint Union School District (the "District") will be authorized to issue and sell bonds of up to $5,900,000 in aggregated principal at interest rates not in excess of the legal limit and to provide financing for the specific projects listed in the Bond Project List described below, subject to all the accountability requirements specified below.

The Bonds may be issued under the provisions of the California Education Code (starting at Section 15100), under the provisions of the California Government Code (starting at Section 53506), or under any other provision of law authorizing the issuance of general obligation bonds by school districts. The Bonds may be issued in series by the District from time to time, and each series of Bonds shall mature within the legal limitations set forth in the applicable law under which the Bonds are issued.

FINANCING PLAN
The District intends to use the Bonds to modernize, replace, renovate, construct, equip, acquire and rebuild the District facilities on the Bond Project List.

All Bonds will be sold as current interest bonds and the use of capital appreciation bonds will not be permitted. No series of Bonds will be issued if such issuance would cause the tax rate levied to pay debt service on all of the outstanding Bonds to exceed $30 per year per $100,000 of taxable property, based on projections made by the District at the time of issuance of such series of Bonds.

ACCOUNTABILITY REQUIREMENTS

The provisions in this section are specifically included in this proposition in order that the voters and taxpayers in the District may be assured that their money will be spent wisely. Expenditures to address specific facilities needs of the District will be in compliance with the requirements of 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).

Evaluation of Needs. The Governing Board of the District (the “Governing Board”) has identified detailed facilities needs of the District and has determined which projects to finance from a local bond at this time. The Governing Board hereby certifies that it has evaluated safety, class size reduction, enrollment growth, and information technology needs in developing the Bond Project List shown below.

Independent Citizens’ Oversight Committee. The Governing Board shall establish an Independent Citizens’ Oversight Committee under Education Code Section 15278 and following to ensure that bond proceeds are expended only on the school facilities projects described in the Bond Project List below. The committee will be established within 60 days of the date when the results of the election appear in the minutes of the Governing Board. 

Performance Audits. The Governing Board shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects described in the Bond Project List below.

Financial Audits. The Governing 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 described in the Bond Project List below.

Annual Report. The Business Manager of the District will cause an annual report to be filed with the Governing Board, the first report to be filed not later than one year after the issuance of the first series of Bonds, which report will 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 applicable California law.

Expenditure of Bond Proceeds. The proceeds from the sale of the District’s bonds will be used only for the purposes specified in this measure, and not for any other purpose. Such proceeds will be deposited into a Project Fund to be held by the San Luis Obispo County Treasurer, as required by the California Education Code.

FURTHER SPECIFICATIONS

No Administrator Salaries. Proceeds from the sale of bonds authorized by this proposition shall be used only for the school facilities projects described in the Bond Project List below, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

BOND PROJECT LIST

Scope of Projects. 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.

Bond proceeds will be expended to modernize, replace, renovate, construct, equip, acquire and rebuild the District’s facilities as described in the following list. Whenever specific items are included in the following list, they are presented to provide an example and are not intended to limit the generality of the broader description of the types of authorized projects.

Such projects shall include but shall not be limited to:

LILLIAN LARSEN SCHOOL
•       Construct and equip one new modular building for science labs, art/music rooms, woodshop and robotics/high-tech labs
•       Upgrade/replace outdated heating, ventilation, and air-conditioning (HVAC) systems
•       Improve student safety by installing additional fencing, security, and monitoring systems
•       Renovate and modernize school kitchen
•       Acquire and install solar panels
•       Construct a shade structure for the north-east patio off of the gym
•       Construct and equip sites with utilities for the placement of added portables for future growth
•       Improve athletic fields
•       Replace roof on Administration/Library Building

CAPPY CULVER SCHOOL
•       Construct and equip one new modular building for science labs, art/music rooms, woodshop and robotics/high-tech labs,
•       Upgrade and replace outdated heating, ventilation, and air-conditioning (HVAC) systems
•       Improve student safety by installing additional fencing, security, and monitoring systems
•       Renovate and modernize school kitchen
•       Acquire and install solar panels
•       Renovate and upgrade cafeteria
•       Construct and equip sites with utilities for the placement of added portables for future growth
•       Improve athletic fields
•       Improvements for additional parking

SAN MIGUEL SCHOOL DISTRICT
•       Construct and equip additional portable classrooms to house Special Education programs

Projects Subject to Available Funding. The foregoing list of projects is subject to the availability of adequate funding to the District. Approval of the bond measure does not guarantee that the proposed projects in the District that are the subject of bonds under the measure will be funded beyond the local revenues generated by the bond measure. The District's proposal for the projects may assume the receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

 

 

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