Commentary on Measure L

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, hover overCriticalExample commentary. it to see the commentary.

Measure L Question

EXHIBIT B

ABBREVIATED BALLOT MEASURE

The abbreviated ballot measure reads as follows:

"To improve the quality of education; modernize outdated classrooms, restrooms and facilities; make health, safety, and security improvements; provide HVAC; upgrade technology; and construct new classrooms and libraries, shall Rio Elementary School District issue $59,200,000 of bonds at legal interest rates, raising on average $3,480,000 annually as long as bonds are outstanding, at a rate of approximately 2.7 cents per $100 assessed value, with annual audits, independent oversight committee, NO money for salaries, and all money staying local?"

BONDS-YES BONDS-NO

(75 words)

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Impartial Analysis for Measure L

Measure L – Rio Elementary School District
56-132

Impartial Analysis by County Counsel*

Rio Elementary School District's (District) Board of Trustees (Board) has placed a bond measure on the ballot for voter approval. The measure will become effective only if fifty-five percent (55%) of District voters vote "Yes" on Measure L. If so approved, the measure authorizes the District to issue up to $59,200,000 general obligation bonds at interest rates not exceeding the legal rate. The purpose is to raise money for the District's specific facility projects (Projects) listed in Measure L. In exchange for monies received from bondholders, the District promises to pay bondholders interest on the bonds for a set amount of time and then to repay the principal amount of the bonds to these bondholders.

Bond proceeds may only be used to fund Projects included in the measure's list of covered District facilities. Bond proceeds legally may be used to modernize, replace, renovate, construct, equip, rebuild, and furnish these Projects. Approval of the measure does not guarantee that any particular one of these Projects will be funded beyond the local revenues generated by the bond measure. Thus, approval of the measure does not guarantee receipt of state matching funds, which may be subject to appropriation by the State legislature or to voter approval of statewide bond measures. Bond proceeds also may be used for incidental costs associated with the Projects, including election and bond issuance costs. Proceeds may not be used to maintain equipment, purchase supplies, or pay salaries or operating expenses. The Board has certified that it has evaluated safety, class size reduction, and information technology needs in developing its list of Projects.

Principal and interest on the bonds will be payable from proceeds of real property taxes levied upon owners of taxable property in the District. Such taxes would be in addition to any other taxes currently levied in the District. The total amount of increased taxes depends upon what is needed to pay principal and interest on the bonds. The District estimates that the total debt service required, including for principal and interest, is $118.3 million. The District estimates that the initial tax rate will be $27.00 for every $100,000 of assessed valuation and that the average tax rate will be $25.77 for every $100,000 of assessed valuation. Any series of the bonds will have a maximum term of 30 years. The dates of sale and the total amount of any bond series will be determined by the District based upon its need for funds and other factors, including legal limitations on use of the bond proceeds.

The Board will conduct annual performance and financial audits and appoint an independent citizens' oversight committee to report on and monitor expenditures to ensure bond funds are expended only on facilities listed in the measure. District officials must submit annual reports to the Board stating the amount of bond proceeds received and expended in any given year, as well as the status of any Projects to be funded from bond proceeds.

* Section 9500 of the California Elections Code requires the County Counsel to prepare an Impartial Analysis for each school measure appearing on the ballot.

Argument in Favor of Measure L

Argument in Favor of Measure L

Vote Yes on Measure L to construct elementary and middle school improvements to ensure all District students are equipped for the 21st Century. Many of our neighborhood schools were built decades ago and are in need of repair. While some schools have been upgraded, others still need renovation. Measure L completes these critical upgrades to ensure every student has equal access to a high-quality education in safe and modern classrooms.

Our schools need additional equipment to meet the growing demand for science, technology, engineering, arts, and math (STEAM) education. Measure L upgrades classrooms and labs to prepare our students for successful futures in high school, college, and beyond.

Measure L is fully dedicated to improving classrooms and other learning environments in our schools to continue improving education for all students. No funds can be taken by the state.

Measure L Will Provide Funds For:

•  Renovate, upgrade, and modernize old and outdated classrooms
•  Improve student access to computers and modern technology including visual presentation systems
•  Renovate outdated infrastructure including plumbing, electrical, and heating/ventilation/air conditioning systems
•  Construct multipurpose/gymnasium for school community use
•  Enhance outdoor play and learning areas.

Voting YES on Measure L will:

•  Make health and safety improvements, including security and earthquake retrofits
•  Construct new classrooms and facilities as needed to replace outdated buildings
•  Replace deteriorating, temporary portable classrooms
•  Make energy efficiency improvements.

N VE 090-038

Measure L – Rio Elementary School District
56-134

Measure L Funds Support Our Elementary and Middle Schools:

•  All funds will be spent here in local schools
•  Annual audits and independent citizen oversight are required
•  No funds can be spent on administrator salaries
•  Measure L makes our schools eligible for state and federal matching funds.

Measure L rebuilds old and inadequate classrooms and school facilities, improves the education of local students, and enhances the quality of our community. VOTE YES ON MEASURE L.

Argument Against Measure L

No Argument Against This Measure Was Submitted

Full Text of Measure L

EXHIBIT A

FULL TEXT OF THE MEASURE

Upon the passage of Measure _____, the Rio Elementary School District (the "District") shall be authorized to issue bonds in the aggregate amount of $59,200,000, bearing interest at rates not exceeding the statutory limit, for the purpose of funding the school facilities projects listed below under the heading "School Facilities Projects to Be Funded with Proceeds of Bonds" (the "Financed Facilities").

Proposition 39 Bond Accountability Measures

At its June __, 2018 meeting, the Board of Trustees (the "Board") certified that it evaluated safety, class size reduction, and information technology needs in developing the list of Financed Facilities set forth below. The proceeds of the Bonds shall be used only for the projects identified in the list, and not for any other purpose (i.e., teacher and administrative salaries and other school operating expenses).

The District will deposit the proceeds of the bonds in a separate account. The Board is bound to conduct financial and performance audits annually to account for the bond funds and to assure that funds have only been expended on the specific projects authorized. The District shall prepare and deliver an annual report to the Board containing the amount of funds collected and expended as well as the status of school facilities projects authorized to be funded by proceeds of the Bonds.

The Board 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 who is the parent or guardian of a child enrolled in the District, and one member who is both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization.

School Facilities Projects to Be Funded

Rio Real Elementary School (Initial Construction Date: 1958):

• • Renovate, upgrade, and modernize old and outdated classrooms.
• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Renovate outdated infrastructure including plumbing, electrical, and HVAC (heating, ventilation, and air conditioning) systems.
• • Make health, safety, and campus security improvements.
• • Add a new Kindergarten classroom.
• • Expand administration building.
• • Construct multipurpose/gymnasium for school and community use.

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• • Improve student safety by improving bus drop off zone.
• • New fencing (security/safety)
• • HVAC additions and improvements

Rio Plaza Elementary School (Initial Construction Date: 1954):

• • Renovate, upgrade, and modernize old and outdated classrooms.
• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Renovate outdated infrastructure including plumbing, electrical, and HVAC (heating, ventilation, and air conditioning) systems.
• • Make health, safety, and campus security improvements.
• • Expand administration building.
• • Improve student safety through a drop-off zone improvement.
• • HVAC additions and improvements

Rio Lindo Elementary School (Initial Construction Date: 1964):

• • Renovate, upgrade, and modernize old and outdated classrooms.
• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Renovate outdated infrastructure including plumbing, electrical, and HVAC (heating, ventilation, and air conditioning) systems.
• • Make health, safety, and campus security improvements.
• • Construct new and or expand library/administration building.
• • Improve student safety by reconfiguring bus drop-off zone.
• • Add a school garden.
• • Renovate and expand kitchen/cafeteria.
• • HVAC additions and improvements

Rio del Valle Middle School (Initial Construction Date: 1961):

• • Renovate, upgrade, and modernize old and outdated classrooms, the library, and student support facilities.
• • Renovate outdated infrastructure including plumbing, electrical, and HVAC (heating, ventilation, and air conditioning) systems.
• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Make health, safety, and campus security improvements.
• • Construct a new science building.
• • Upgrade campus landscaping and add a community garden.
• • Add a fitness center.
• • HVAC additions and improvements

Rio Rosales Elementary School (Initial Construction Date: 2007):

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• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Make health, safety, and campus security improvements.
• • Expand parking lot and redesign bus drop-off zone.
• • Increase grass play area in partnership with City, into the adjacent park site for school and community use.
• • Renovate and expand kitchen/cafeteria.
• • Repayment of 2007 Certificates of Participation

Rio del Norte Elementary School (Initial Construction Date: 2001):

• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Make health, safety, and campus security improvements.
• • HVAC additions and improvements

Rio del Mar Elementary School (Initial Construction Date: 2006):

• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Make health, safety, and campus security improvements.

Rio Vista Middle School (Initial Construction Date: 2007):

• • Improve student access to computers and modern technology including adding classroom visual presentation systems.
• • Convert existing library to a library media technology center.
• • Make health, safety, and campus security improvements.

Rio del Sol STEAM School

• • Construct new classrooms (Building C)

Additional Expenditures and Project Related Items

• • Abate and remove hazardous materials identified prior or during construction.
• • Address unforeseen conditions revealed by construction/modernization (such as plumbing or gas line breaks, dry rot, seismic, structural, etc.).
• • Other improvements required to comply with existing building codes, including the Field Act, and access requirements of the Americans with Disabilities Act.
• • Necessary site acquisition and preparation/restoration in connection with new construction, renovation or remodeling of student support facilities, or installation or removal of relocatable classrooms, including ingress and egress, removing, replacing, or installing irrigation, utility lines (such as gas lines, water lines, electrical lines, sewer lines, and communication lines), trees and landscaping, relocating fire access roads, and acquiring any necessary easements, licenses, or rights of way to the property.
• • Rental or construction of storage facilities and other space on an interim basis, as needed to accommodate construction materials, equipment, and personnel, and interim A-3
  75338v2 / RIOSD.35.7 classrooms (including relocatables) for students and school functions or other storage for classroom materials displaced during construction.
• • Acquisition of any of the facilities on the list through temporary lease or lease-purchase arrangements, or execute purchase option under leases for any of these authorized facilities.
• • For any project involving rehabilitation or renovation of a building or other facilities or the major portion of a building or other facilities, the District shall be authorized to proceed with new replacement construction instead, if the Board determines that replacement and new construction is more economically practical than rehabilitation and renovation, considering the building's or facilities' age, condition, expected remaining life, and other relevant factors.
• • All work necessary and incidental to specific projects described above, including demolition of existing structures.

The listed projects will be completed as needed. Approval of the District's Bond Measure does not guarantee that the proposed school facilities projects in the District that are the subject of the Bonds will be funded beyond the local revenues generated by Bond Measure. The District's proposal for the school facilities projects may assume receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure. The allocation of bond proceeds may also be affected by the final costs of each project. In the absence of state matching funds, which the District will aggressively pursue to reduce the District's share of the costs of the projects, the District may not be able to complete some of the projects identified in Bond Measure.

The budget for each project is an estimate and may be affected by factors beyond the District's control. The final cost of each project will be determined as plans are finalized, construction bids are awarded and projects are completed. Based on the final costs of each project, certain of the projects described above may be delayed or may not be completed. Demolition of existing facilities and reconstruction of facilities scheduled for repair and upgrade may occur, if the Board determines that such an approach would be more cost-effective in creating enhanced and operationally efficient campuses. Necessary relocation assistance, site preparation/restoration and landscaping, may occur in connection with new construction, renovation or remodeling, or installation or removal of portable classrooms, including ingress and egress, removing, replacing, or installing irrigation, utility lines, trees and landscaping, redirecting fire access, and acquiring any necessary easements, licenses, or rights of way to the property.

Additional Specifications

Listed projects may be completed at any and all school sites where such project is determined necessary. Where economically feasible, buildings, fixtures, and equipment may be replaced rather than modernized, renovated, or repaired. Projects may include the acquisition and construction of temporary housing or other replacement structures as necessary. Each project is assumed to include its share of costs of the election and bond issuance, architectural, engineering, and similar planning costs and construction costs. In addition to the projects listed above, the Financed Facilities also include the acquisition of land, instructional, maintenance and operational furniture and equipment, payment of the costs of preparation of all facilities planning A-4
75338v2 / RIOSD.35.7 and project implementation studies, feasibility and assessment reviews, master planning, improvements, rehabilitation projects, and upgrades will be completed only as feasible, and the list of Financed Facilities does not imply a particular prioritization among such improvements, which remains the province of the Board by subsequent action.

Single Purpose. All of the purposes enumerated in this proposition shall be united and voted upon as on single proposition, pursuant to Section 15100 of the Education Code, and all the enumerated purposes shall constitute the specific single purpose of the Bonds and proceeds of the Bonds shall be spent only for such purpose.

Other Terms of the Bonds. When sold, the Bonds shall bear interest at an annual rate not exceeding the statutory maximum. The Bonds may be issued and sold in several series and in accordance with a plan of finance determined by the Board pursuant to the requirements of law.

Project Requiring State Matching Funds. Approval of the District's Bond Measure does not guarantee that the proposed District projects that are the subject of the Measure will be funded beyond the local revenues generated by the Measure. Some of the District's projects may assume the receipt of state matching funds, which could be subject to appropriation by the Legislature or approval of a statewide Bond Measure.

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Measure L Tax Rate Statement

EXHIBIT C

TAX RATE STATEMENT

An election will be held in the Rio Elementary School District (the "District") on November 6, 2018, to authorize the sale of up to $59,200,000 in bonds of the District to continue improving the quality of education in local schools and protecting the safety of the students of the District. Specifically, bond proceeds shall be utilized for the purposes of acquisition, construction, renovation, furnishing, and equipping of school facilities, support facilities, and equipment.

If the bonds are authorized and sold, debt service 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. It is anticipated that the District will sell the bonds in separate series.

1. 1. The best estimate of the average tax rate that would be required to be levied to fund the Bonds issued during the life of the Bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.57’ per $100 ($25.77 per $100,000) of assessed valuation. The final fiscal year in which the tax is anticipated to be collected is 2052-2053.
2. 2. The best estimate of the highest tax rate that would be required to be levied to fund the Bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.7’ per $100 ($27.00 per $100,000) of assessed valuation which would first occur in fiscal year 2019-2020.
3. 3. The best estimate of total debt service, including principal and interest, that would be required to be repaid if all the Bonds are issued and sold is $118.3 million. This estimate results in a debt service to principal ratio of 2.00:1.00, which is significantly less than the maximum ratio of 4.00:1 allowed by State law. This estimate is based on the assumption that interest rates will increase over time, and the Bonds will have a maximum term of 30 years per series.

Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value. Property owners should consult their own property tax bills to determine their property's assessed value and any applicable tax exemptions.

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 and market interest rates at the time of each sale, along with actual assessed valuations over the term of repayment of the bonds.

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The dates of sale and the amount of bonds sold at any given time will be determined by the District based on the need for construction funds and other factors, including the legal limitations on bonds approved by a 55% vote.

The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

Dated: ______, 2018
John D. Puglisi, Ph.D.,
Superintendent
Rio Elementary School District

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Measure L Agenda Description

Agenda of June 6, 2018 (complete item)

Agenda Item Details

Motion & Voting

Agenda of July 25, 2018 (complete item)

Agenda Item Details

Measure L Resolution

Parker & Covert
5/21/18

RESOLUTION NO. 1718/32

RESOLUTION OF THE BOARD OF TRUSTEES OF THE
RIO ELEMENTARY SCHOOL DISTRICT
ORDERING A SCHOOL BOND ELECTION,
ESTABLISHING SPECIFICATIONS OF THE ELECTION ORDER,
AND REQUESTING CONSOLIDATION WITH OTHER ELECTIONS

WHEREAS, the Rio Elementary School District (the "District") is a school district duly organized under the laws of the State of California;

WHEREAS, the Board of Trustees of the District (the "Board") is authorized to pursue the approval and issuance of bonds by a 55% vote of the electorate on the question of whether bonds of the District (the "Bonds") shall be issued and sold for specified purposes, under Article XIIIA Section 1 paragraph (b) of the California Constitution ("Article XIIIA") and under the Strict Accountability in Local School Construction Bonds Act of 2000 at Education Code Section 15264 et seq. (the "Strict Accountability Act");

WHEREAS, under the Strict Accountability Act, the election may be ordered at a primary or general election, a regularly scheduled local election, or statewide special edition;

WHEREAS, under Section 10403 et seq. of the California Elections Code, it is appropriate for the Board to request consolidation of the election with any and all other elections to be held on Tuesday, November 6, 2018, and to request the Ventura County Registrar of Voters (the "County Registrar") to perform certain election services for the District; and

WHEREAS, the Board deems it necessary and advisable to call an election to submit to the electors of the District the question of whether bonds shall be issued and sold for the purpose of raising money for the acquisition and improvement of real property and the furnishing and equipping of school facilities of the District.

NOW, THEREFORE, the Board does hereby resolve, determine, and order as follows:

Section 1. Election Order; Ballot Measure. Pursuant to Education Code sections 5304, 5322 and 15264 et seq. and article XVI, section 18(b) of the California Constitution, an election shall be held within the boundaries of the District on November 6, 2018, submitting to the voters of the District the question of whether Bonds of the District, in the amount of $59,200,000 shall be issued and sold for the purposes of improving the quality of education in local schools and protecting the safety of the students of the District. Specifically, Bond proceeds shall be utilized for the purposes of financing the acquisition, construction, renovation, furnishing, and equipping of school facilities, support facilities, equipment, and technology all as identified in the Full Text of the Ballot Measure (the "Full Text") set forth in Exhibit A attached hereto and incorporated herein by reference, under the heading "School Facilities Projects to Be Funded with Proceeds of Bonds" (the "Financed Facilities"). The Bonds proposed to be issued and sold shall bear interest at a rate not exceeding the statutory limit, and 1
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5/21/18 the number of years any Bonds are to run shall not exceed twenty-five (25) years from the date of the Bonds or the date of any series thereof in the event the Bonds are issued pursuant to Education Code section 15144, and shall not exceed forty (40) years from the date of the Bonds or the date of any series thereof in the event the Bonds are issued pursuant to Government Code section 54400.

Section 2. Use of Bond Proceeds; Facilities Specifications; Audit Requirements.

1. (a) Use of Bond Proceeds. Proceeds from the sale of the Bonds may be used only for the purposes specified in Article XIII A, Section 1(b) (3), of the California Constitution.
2. (b) Specification of Facilities. The Board hereby certifies that it evaluated safety, class size reduction, and information technology needs in developing the list of the Financed Facilities.
3. (c) Completion of Facilities. Passage of the District's bond measure does not guarantee that all Financed Facilities listed in the Full Text, as set forth in Exhibit A will be completed. In addition, certain Financed Facilities projects may require state matching funds. State matching funds may be subject to appropriation by the Legislature or approval of a statewide bond measure.
4. (d) Performance Audit. The Board shall conduct an annual, independent performance audit to ensure that the Bond funds have been expended only on the specific Financed Facilities listed.
5. (e) Financial Audit. The Board shall conduct an annual, independent financial audit of the proceeds from the sale of the Bonds until all of the proceeds have been expended for the Financed Facilities.

Section 3. Government Code Accountability Requirements. Pursuant to Government Code sections 53410 and 53411, the District hereby finds or directs that:

1. (a) Purpose. The purpose of the Bonds is to fund the Financed Facilities, as listed in Exhibit A;
2. (b) Proceeds. The Bond proceeds shall only be used on the Financed Facilities;
3. (c) Accounts. All proceeds of the Bonds shall be placed in a separate account or accounts; and
4. (d) Annual Reports. The chief financial officer of the District shall issue an annual report to the Board containing the amount of funds collected and expended as well as the status of the Financed Facilities.

Section 4. Vote Required. Pursuant to Section 18(b) of Article XVI and Section 1 of Article XIII A of the California Constitution, the bond measure shall become effective only upon the affirmative vote of fifty-five percent (55%) of those voters voting on the measure.

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Section 5. County Registrar of Voters to Conduct Election. Pursuant to Education Code section 5303, the Ventura County (the "County") Registrar of Voters ("County Registrar") is hereby requested to take all steps to prepare for and hold the election within the boundaries of the District in accordance with law and these specifications.

Section 6. Consolidation with Other Elections. Pursuant to Sections 5342, 15121, and 15266 of the Education Code and Part 3 (commencing with Section 10400) of Division 10 of the Elections Code, the County Board of Supervisors is requested to order consolidation by the County Registrar of Voters of a school bond election with the other elections to be held on the same day in the same territory or in territory that is in part the same. Pursuant to Section 10403 of the Elections Code, the Board hereby acknowledges that the consolidated election will be held and conducted in the manner prescribed by Section 10418 of the Elections Code.

Section 7. Canvass of Returns. The County Board of Supervisors is authorized to canvass the returns of the election pursuant to Section 10411 of the Elections Code.

Section 8. Services of Registrar of Voters. Pursuant to Section 5303 of the Education Code and Section 10002 of the Elections Code, the County Board of Supervisors is requested to permit the County Registrar of Voters to render all services incident to the preparation for, and holding of the election, for which services the District agrees to reimburse the County with such services to include the publication of a notice of school bond election, and the mailing of the sample ballot and tax rate statement (described in Section 9401 of the Elections Code) pursuant to the terms of Section 5363 of the Education Code and the Elections Code. Such services to include the publication of a formal notice of school bond election and the mailing of the Full Text, Abbreviated Ballot Measure (the "Abbreviated Measure"), and the tax rate statement described in Election Code Section 9401 (the "Tax Rate Statement"). The Board hereby requests the County Registrar to publish in the ballot materials, the Full Text, the Abbreviated Measure and the Tax Rate Statement attached hereto as Exhibits A, B, and C.

Section 9. Publication of Materials. The District hereby requests the County Registrar to publish the Full Text, as set forth at Exhibit A attached hereto, along with the Abbreviated Measure, as set forth at Exhibit B attached hereto, and the Tax Rate Statement, as set forth at Exhibit C attached hereto, as appropriate, and to designate the measure on the ballot by a letter printed on the left margin of the square containing the Abbreviated Measure as provided in Section 13116 of the Elections Code.

Section 10. Specifications of the Election Order. The foregoing specifications of the election order are made pursuant to Section 5322 of the Education Code.

Section 11. Delivery of Specifications of the Election Order. The District's Superintendent is hereby directed to deliver, a certified copy of this resolution and the Tax Rate Statement to the County Registrar of Voters and a copy of this resolution to the County Board of Supervisors.

Section 12. General Authorization with Respect to the Bond Election. The members of the District's Board, the Superintendent, and the other officers of the District are hereby authorized and directed, individually and collectively, to do any and all things, to execute, 3
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5/21/18 deliver, and perform any and all agreements and documents they deem necessary or advisable in order to effectuate the purposes of this Resolution, including, without limitation, to prepare and submit for inclusion in the voter information pamphlet a tax rate statement and an argument in favor of passage of the ballot measure. All actions heretofore taken by the officers and agents of the District that are in conformity with the purposes and intent of this Resolution are hereby ratified, confirmed, and approved in all respects.

Section 13. Encumbrance of Bond Funds. For the purpose of making bond funds unavailable as rent within the meaning of Education Code Section 17032, the Board hereby encumbers all funds to be generated by the sale of the Bonds in order to pay for the acquisition and construction of the Financed Facilities authorized by the ballot measure.

Section 14. State Matching Funds. Certain of the Financed Facilities require state matching funds for the completion of any phase thereof. Approval of the District's bond measure does not guarantee that the proposed Financed Facilities will be funded beyond the local revenues generated by the measure. The District's proposal for the Financed Facilities may assume receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

Section 15. Citizens' Oversight Committee. It is the intent of the Board that a citizens' oversight committee be appointed to ensure that the proceeds of the Bonds are spent only for the specific purposes and projects identified in this Resolution. The membership requirements and procedures for such committee shall be established by the Board in accordance with the requirements of law.

Section 16. Official Intent to Reimburse Expenditures. The District intends to undertake the acquisition, construction, renovation, furnishing, and equipping of the Financed Facilities projects as described in Exhibit A. The District intends to use the proceeds of the Bonds described in this resolution to finance the Financed Facilities. The District may pay certain capital expenditures (the "Reimbursement Expenditures") in connection with the Financed Facilities projects prior to the issuance of the Bonds. The District reasonably expects that Bonds in an amount not expected to exceed $59,200,000 will be issued by it for the purpose of financing the Financed Facilities projects on a long-term basis and that certain of the proceeds of such debt obligations may be used to reimburse the District for the Reimbursement Expenditures.

The Board hereby declares the District's official intent to use a portion of the proceeds of the Bonds to reimburse the District for the Reimbursement Expenditures. The foregoing statement is a declaration of official intent that is made under and only for the purpose of establishing compliance with the requirements of Treasury Regulations Section 1.150-2.

Section 17. Tax Rate Statement. The Board hereby approves the form of the Tax Rate Statement attached hereto as "Exhibit C" and incorporated herein by reference. The District hereby requests the County Registrar of Voters to publish the Tax Rate Statement contained in Exhibit C as part of the ballot materials.

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Section 18. Effective Date. This Resolution shall take effect immediately upon its adoption.

This Resolution of the Board of Trustees of the Rio Elementary School District Ordering a School Bond Election, Establishing Specifications of the Election Order, and Requesting Consolidation with Other Elections is approved, passed, and adopted on June 6, 2018, by the Rio Elementary School District Board of Trustees by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

RIO ELEMENTARY SCHOOL DISTRICT

____________________________________
President of the Board of Trustees

ATTEST:

_________________________________
Secretary of the Board of Trustees

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CERTIFICATION

I, John D. Puglisi, Secretary of the Board of Trustees of the Rio Elementary School District, Ventura County, California, do hereby certify that the foregoing is a full, true, and correct copy of a resolution duly approved and adopted by the Board of Trustees of the District at a regular meeting held on June __, 2018, of which meeting all the members of the Board of Trustees had due notice and at which a majority thereof were present, and that at the meeting the resolution was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

An agenda for the meeting was provided at least seventy-two (72) hours before the regular meeting to all members of the Board of Trustees and to all media outlets that have requested notification. Further the agenda was posted at least seventy-two (72) hours before the regular meeting at the District at 2500 Vineyard Avenue, Oxnard, CA 93036, a location freely accessible to members of the public, and a brief description of the resolution appeared on the agenda.

I have carefully compared the foregoing resolution with the original minutes of the meeting on file and of record in my office, and the foregoing is a full, true, and correct copy of the original resolution adopted at the meeting and entered in the minutes.

Dated: _______________, 2018 ________________________________
John D. Puglisi, Ph.D.,
Secretary of the Board of Trustees
Rio Elementary School District

75338v2 / RIOSD.35.7

Measure L Notice of Election

NOTICE OF ELECTION, BALLOT ARGUMENTS, CENTRAL COUNTING PLACE,
AND RANDOM SELECTION OF PRECINCTS FOR MANUAL TALLY

...

NOTICE IS FURTHER GIVEN to the qualified voters of the Rio Elementary School District, that in accordance with the provisions of the Elections Code of the State of California, a Special Election consolidated with the 2018 Statewide General Election will be held on Tuesday, November 6, 2018 at which the following measures will be submitted to the voters:

MEASURE "L"

To improve the quality of education; modernize outdated classrooms, restrooms and facilities; make health, safety, and security improvements; provide HVAC; upgrade technology; and construct new classrooms and libraries, shall Rio Elementary School District issue $59,200,000 of bonds at legal interest rates, raising on average $3,480,000 annually as long as bonds are outstanding, at a rate of approximately 2.7 cents per $100 assessed value, with annual audits, independent oversight committee, NO money for salaries, and all money staying local?

Bonds Yes _____ Bonds No _____

NOTICE IS FURTHER GIVEN to the qualified voters of the Mesa Union School District, that in accordance with the provisions of the Elections Code of the State of California, a Special Election consolidated with the 2018 Statewide General Election will be held on Tuesday, November 6, 2018 at which the following measure will be submitted to the voters:

MEASURE "O"

To improve the quality of education; upgrade outdated classrooms, restrooms and school facilities; replace/renovate aging heating and air-conditioning, deteriorating plumbing, and inadequate electrical systems; make safety and security improvements; shall Mesa Union School District issue $9,875,000 of bonds at legal interest rates, raising an average $532,090 annually as long as bonds are outstanding, at a rate of 3 cents per $100 assessed value, with independent citizens' oversight, NO money for administrative salaries, and all money spent locally?

Bonds Yes _____ Bonds No _____

NOTICE IS FURTHER GIVEN to the qualified voters of the Allan Hancock Joint Community College District, that in accordance with the provisions of the Elections Code of the State of California, a Special Election consolidated with the 2018 Statewide General Election will be held on Tuesday, November 6, 2018 at which the following measure will be submitted to the voters:

MEASURE "Y"

"To upgrade educational facilities/provide 21st Century technology to affordably prepare local students for jobs/university transfer, update classrooms/labs for career training in public safety, design, computer graphics, theatrical arts; acquire, construct, repair classrooms, facilities, sites/equipment, shall this Allan Hancock Joint Community College District measure to issue $75,000,000 in bonds, at legal rates/replace bonds authorized in 2006, levy 1.1 cents/$100 assessed value, $2,900,000 annually while bonds are outstanding be approved, with oversight, audits, no administrators' salaries?"

Bonds Yes _____ Bonds No _____

All direct arguments for Measures "L", "O" and "Y" consisting of no more than 300 words must be submitted to the Office of the County Elections Official, Hall of Administration, 800 South Victoria Avenue, Ventura, CA, between the dates of JULY 24, 2018 and AUGUST 2, 2018 at 5:00 p.m. Rebuttal arguments shall consist of no more than 250 words and may be submitted between the dates of AUGUST 3, 2018 and AUGUST 13, 2018 at 5:00 p.m. Additional information regarding the submittal of arguments may be obtained by calling the County of Ventura Elections Official at (805) 654-2664.

The ballots of the precincts of said Cities and Districts shall be counted at a Central Counting Place, County of Ventura Elections Division, Hall of Administration, 800 South Victoria Avenue, Ventura, CA and any other extensions thereof as determined by the County Clerk and shall be open to the public.

Polling places will be open between the hours of 7:00 a.m. and 8:00 p.m. on Tuesday, November 6, 2018.

NOTICE IS ALSO GIVEN to the qualified voters in the County of Ventura, State of California, that the random selection of precincts to be verified for the one percent manual tally of the votes cast for the November 6, 2018 Statewide General Election will be held on November 8, 2018 at 10:00 a.m. The random selection of precincts will be held in the County of Ventura Elections Division, Hall of Administration, 800 South Victoria Avenue, Ventura, CA, and is open to the public. The manual tally process will begin on November 12, 2018 at 9:00 a.m. and will be held in the County of Ventura Elections Division, Hall of Administration, 800 South Victoria Avenue, Ventura, CA, and is open to the public.

Dated this 18th day of July 2018.

By: MARK A. LUNN
Clerk-Recorder, Registrar of Voters

(To be published Tuesday, July 24, 2018 – Ventura County Star)