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BALLOT MEASURE
FULL TEXT OF MEASURE K


To repair leaky pipes, deteriorating septic systems, aging roofs and inefficient heating/air-conditioning; upgrade portable classrooms; install emergency communication systems and remove asbestos; and qualify for State matching funds at Shandon Elementary, Parkfield Elementary and Shandon High Schools; shall Shandon Joint Unified School District issue $3.15 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 K, the Shandon Joint Unified School District (the "District") will be authorized to issue and sell bonds of up to $3.15 million 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, equip, acquire and rebuild the District facilities on the Bond Project List. 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 $60 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 Board of Trustees of the District (the “Board of Trustees”) has identified detailed facilities needs of the District and has determined which projects to finance from a local bond at this time. The Board of Trustees 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 Board of Trustees 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 Board of Trustees. 

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 described in the Bond Project List below.

Financial Audits. The Board of Trustees 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 Board of Trustees, 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 K 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, equip, acquire and rebuild the District’s facilities as described in the following list. The exact size, configuration and location of each project will be determined by the Board of Trustees based on the needs of the District.

The District facilities include:

•       Parkfield Elementary School
•       Shandon Elementary School
•       Shandon High School

The repairs, renovations, constructions and equipment acquisitions shall include but not be limited to:

•       Repair and replacement of septic systems and aging restroom
•       Repair/replacement of roofs
•       Replacement and repair of wiring and electrical systems including upgrade of power systems to accommodate 21st century technology systems
•       Repair and installation of drainage systems
•       Repair of asphalt paving
•       Installation of communication systems including alarms and cameras for increased student safety
•       Remove asbestos
•       Remodel, reconstruct and reconfigure existing structures at Parkfield School
•       Repair and replace heating, air-conditioning and ventilation systems
•       Replace windows
•       Replace outdated portables
•       Landscape school grounds, playgrounds and athletic fields as needed
•       Refurbish and remodel elementary, middle and high school facilities including structural improvements, painting, locks and hardware
•       Upgrade classroom technology and equipment
•       Repair and upgrade fire alarm systems as necessary to meet current and new standards

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 K 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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