Nevada Joint Union High Schools: Vote Yes on Measure B Bonds - Nevada County - 2016 general Election
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  Commentary    Agenda  

Commentary on Measure B

Are you sure you want vote to support this extravagant measure? It has no accountability.

This campaign was designed by a member of the school bonds cartel. We figured out just the right words to get you to you to open up your checkbook.

We'd also like to introduce you to our partners -- bond lawyers, brokers, wealthy investors, architects, management firms, construction companies, and trade unions. We all stand to make a ton of money on these bonds. Our profits come right off the top, before a penny is actually spent on improving the facilities.

We're not just doing it for the money. We like to show off our work in Architectural Digest and other places where the rich and famous congregate.

Remember, we've taken a lot of risk. We gave money to get your governing board members elected, so they'd be sure to remember us when we came around for a hand-out later.

It's just business-as-usual, here in sunny Corruptifornia.

Please don't read the fine print. That's just put in by the lawyers to make what we're going to do to for you legal.

When you see highlighting in the documents below, it to see the commentary.

  Commentary    Agenda  

Measure B Agenda Description

Agenda of June 29, 2016 (complete item)

E. DISCUSSION/ACTION ITEMS
E.1. Election Order (Bond Resolution)
Speaker:
Louise Johnson
Quick Summary / Abstract:

Order for election to the County of Nevada to include a $47M general obligation bond on the ballot.

Rationale:

At a special meeting on June 13, 2016 the Board held a workshop with bond consultants and reviewed the feasibility study, the debt service alternatives and the attached election order.

 
Recommended Motion:

Approval of Resolution #43-15/16, Resolution of the Board of Trustees of Nevada Joint Union High School District Ordering an Election, and Establishing Specification of the Election Order.

Actions:
Motion

Approval of Resolution #43-15/16, Resolution of the Board of Trustees of Nevada Joint Union High School District Ordering an Election, and Establishing Specification of the Election Order,

Passed with a motion by Marty Mortensen and a second by Jamie Reeves.
Vote:
Yes Linda Campbell.
Yes Michael Freedman.
Yes Marty Mortensen.
Yes Jamie Reeves.
Yes Katy Schwarz.
Minutes:
Pam Young stated she is a retiree on a fixed income and a tax increase will be a hardship for her. She appealed to the Board to consider alternatives and avoid a tax increase for homeowners.

Sonia Delgadillo asked about the specific projects to be targeted for the $47M bond issuance and how the public will be informed, noting she is aware of the Facility Improvement Plan. Cathy Dominico, with Capitol PFG, explained that only projects in the list, which is derived from the Facility Plan, can be completed with the bond proceeds. The timing of expenditures is done later and dependent upon the architect and phasing. They will issue the bonds over 8 years and projects could last 10 years.

Another member of audience asked about assessed value and how it is adjusted. Ms. Dominico explained Prop 13 and assessed value and adjustments made through the assessor's office.
Attachments:
Resolution #43-15/16, Election Order

  Commentary    Agenda  

 


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