Commentary on Measure C

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 C Question

APPENDIX B

ABBREVIATED FORM OF BOND MEASURE

To improve the quality of education; repair or replace leaky roofs; construct a multipurpose room/gym; and modernize/renovate outdated classrooms, restrooms and school facilities; shall Stone Corral School District issue $750,000 of bonds at legal interest rates, raising on average $49,000 annually as long as bonds are outstanding, at a rate of 3 cents per $100 assessed value, have an independent citizens' oversight committee with NO money for administrative salaries?

Bonds-Yes Bonds-No

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Impartial Analysis for Measure C

FILED
AUG 24 2018
TULARE COUNTY
REGISTRAR OF VOTERS

IMPARTIAL ANALYSIS BY COUNTY COUNSEL

STONE CORRAL SCHOOL DISTRICT

BOND MEASURE

(November 6, 2018 election)

The California Constitution and Education Code authorize a school district to issue bonds for spec- ified purposes if issuance of the bonds is approved at an election by 5 5% of those voting on it.

The Board of Trustees of the Stone Corral School District (the "Board") proposes this measure, which would authorize the Board to issue and sell general obligation bonds in a principal amount not to exceed $750,000. The bonds will have an interest rate not exceeding the legal maximum and will be repaid within the time permitted by law. The Tax Rate Statement printed in this pam- phlet contains the Board's best estimates of tax rates required to service the bond debt during the life of the bonds.

The Board's best estimate of the average annual tax rate levy to fund this bond is $30 per $100,000 of assessed valuation. This means that a property assessed at $250,000 would likely have an annual tax obligation of $75 under this measure.

The California Constitution requires the measure to list specific projects to be funded from the bond revenue and certification that the Board has evaluated safety, class size reduction, and infor- mation technology needs in the development of that list.

The Bond Project List can be found in the full text of the measure, and includes, among other projects:

• 0 Repair/replace leaky roofs;
• 0 Construct a multipurpose room/ gym;
• 0 Install additional and/or replace outdated HVAC and lighting systems;
• 0 Replace temporary portables with permanent classrooms;
• 0 Renovate, construct, and/or repair classrooms and school facilities;
• 0 Upgrade RE. facilities and playgrounds;
• 0 Repair or replace plumbing/sewer systems;
• 0 Updating electrical systems and wiring to comply with codes and increase capacity;
• 0 Install, repair, or replace safety and security systems;
• 0 Modernize classrooms, including asbestos abatement;
• 0 Abate and remove hazardous construction materials;
• 0 Address construction/renovation complications;
• 0 Code, statute, and ADA compliance in construction;
• 0 Site acquisition for new construction/remodeling;
• 0 Storage space;
• 0 Lease and/or lease-purchase arrangements for projects;
• 0 New construction if replacement/repairs are deemed too costly by the Board; and
• 0 Labor and incidental costs of projects listed.

The measure authorizes equipment acquisition, upgrades, repairs, services, construction, and other items related to the listed projects. No proceeds from the bonds shall be used for teacher or admin- istrator salaries or operating expenses.

State law requires that the Board take certain steps to account for the proceeds from the bonds. Accordingly, the Board will direct the funds to be deposited into a special account, appoint an independent citizens' oversight committee, conduct annual independent performance and financial audits to ensure that funds are spent only for the purposes listed in the Bond Project List and for no other purposes, and prepare annual reports listing the amount of funds collected and expended and the status of any funded project.

A "yes" vote on this measure would authorize the Board to issue bonds in a principal amount not to exceed $750,000 for the purposes listed in the project list.

A "no" vote would prevent the Board from issuing the bonds.

This measure will pass if 55% of those voting on the measure vote "yes."

DEANNE H. PETERSON
Tulare County Counsel

By: s/
Aaron Zaheen
Deputy County Counsel

Argument in Favor of Measure C

FILED
AUG 20 2018
TULARE COUNTY
REGISTRAR OF VOTER

Argument in Favor of Measure C
Stone Corral School District

Every child deserves to learn in quality school facilities. Your YES VOTE on Measure C will prepare generations of our local students for future success. Stone Corral School District has served our community well for over 140 years. However, our school has grown old and is overdue for repairs. Much was done with the funds from our successful 2008 school improvement measure, including increasing access to technology and making health and safety improvements, but more work is needed. Our elementary school facilities need to be brought up to current safety and efficiency standards. Measure C authorizes funds for needed facility repairs and upgrades to improve student safety, instruction, and learning. NO other funding currently exists to upgrade these facilities.

If passed, Measure C will provide funding to make facility improvements at our school by:

• o Repairing or replacing leaky roofs
• o Modernizing/renovating outdated classrooms, restrooms and school facilities
• o Replacing outdated heating, ventilation and air-conditioning systems
• o Constructing a multi-purpose room/ gymnasium for school and community use
• o Replacing temporary portables with permanent classrooms

Measure C makes financial sense and protects taxpayers.

ALL funds stay local. The State CANNOT take this finding aWay. Taxpayer protections are REQUIRED. NO funds can be spent on administrators' salaries or pensions. Independent Citizens' Oversight and mandatory audits ensure funds are spent properly.

Measure C upgrades and repairs old, inadequate classrooms, improves the education of local children and maintains the quality of our community. Whether or not you have school-age children, protecting our local, high quality education is a wise investment for your property values and a strong community.

Join US and VOTE YES on Measure C.

Argument Against Measure C

No Argument Against Filed.

Full Text of Measure C

APPENDIX A

FULL TEXT OF BOND MEASURE

INTRODUCTION

To improve the quality of education; repair or replace leaky roofs; construct a multipurpose room/gym; and modernize/renovate outdated classrooms, restrooms and school facilities; shall Stone Corral School District issue $750,000 of bonds at legal interest rates, raising on average $49,000 annually as long as bonds are outstanding, at a rate of 3 cents per $100 assessed value, have an independent citizens' oversight committee with NO money for administrative salaries?

BOND AUTHORIZATION

By approval of this measure by at least 55 percent of the registered voters voting on the measure, the Stone Corral School District will be authorized to issue and sell bonds of up to $750,000 in aggregate principal amount at interest rates not to exceed legal limits and to provide financing for the specific types of school facilities projects listed in the Bond Project List described below, subject to all the accountability requirements specified below.

ACCOUNTABILITY REQUIREMENTS

The provisions in this section are specifically included in this measure in order that the vot~rs 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 School Board has identified detailed facilities needs of the District and has determined which projects to finance from a local bond. The School 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. Following approval of this measure, the Board of Trustees will establish an Independent Citizens' Oversight Committee, under Education Code Sections 15278 and following, to ensure bond proceeds are expended only on the types of school facilities projects listed below. The committee will be established within 60 days of the date when the results of the election appear in the minutes of the School Board.

Performance Audits. The School Board will conduct annual, independent performance audits to ensure that the bond proceeds have been expended only on the school facilities projects listed below.

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Financial Audits. The School Board will conduct annual, independent financial audits of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed below.

Government Code Accountability Requirements. As required by Section 53410 of the Government Code, (1) the specific purpose of the bonds is set forth in this Full Text of the Measure, (2) the proceeds from the sale of the bonds will be used only for the purposes specified in this measure, and not for any other purpose, (3) the proceeds of the bonds, when and if issued, will be deposited into a building fund to be held by the Tulare County Treasurer, as required by the California Education Code, and (4) the Superintendent of the District shall cause an annual report to be filed with the Board of Trustees of the District not later than January 1 of each year, which report shall 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 Sections 53410 and 53411 of the Government Code.

NO TEACHER OR ADMINISTRATOR SALARIES

Proceeds from the sale of bonds authorized by this measure shall be used only for the purposes specified in Article XIII A, Section 1 (b )(3), those being for the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, and the acquisition or lease of school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

STATE MATCHING FUNDS

The following statement is included in this measure pursuant to Education Code Section 15122.5: Approval of this measure does not guarantee that the proposed project or projects that are the subject of bonds under this measure will be funded beyond the local revenues generated by this measure. The District's proposal for the project or projects described below may assume the receipt of matching state funds, which, if available, could be subject to appropriation by the Legislature or approval of a statewide bond measure.

INFORMATION ABOUT ESTIMATES AND PROJECTIONS INCLUDED IN BALLOT

This measure authorizes the issuance of general obligation bonds to finance the types of projects set forth on the Bond Project List set forth below, to be repaid by tax collections for the years that bonds are outstanding. The measure presented to District voters on the Ballot, as set forth above under the heading "INTRODUCTION", includes information regarding the expected average amount of money to be raised annually to pay issued bonds, the estimated rate of the approved tax per $100 of assessed valuation, and the year through which it is approximated the proposed tax will be levied and collected. Each of these estimates and approximations are provided as informational only. Such amounts are estimates only, and are not maximum amounts or limitations on the terms of the bonds or the tax rate or duration supporting repayment of bonds. The approximations and estimates provided depend on numerous variables which are subject to variation and change over the term of the District's overall facilities and bond financing plan, including but not limited to the amount of bonds issued and outstanding at any one time, the interest rates applicable to issued bonds, market conditions at the A-2 time of sale of the bonds, when bonds mature, timing of project needs and changes in assessed valuations in the District. As such, while such estimates and approximations have been provided based on information currently available to the District and its current expectations, such estimates and approximations are not limitations and are not binding upon the District.

BOND PROJECT LIST

Scope of Projects. Bond proceeds will be expended on the modernization, renovation, expansion, acquisition, construction/reconstruction, rehabilitation, and/or replacement of school facilities of the Stone Corral School District, including the furnishing and equipping of such school facilities. This measure authorizes bond projects to be undertaken at all District sites, including current and future sites.

School Facility Project List. The items presented on the following list are the types of projects authorized to be financed with voter-approved bond proceeds. Specific examples included on this list are not intended to limit the broad types of projects described and authorized by this measure. The types of projects authorized are:

• • Repair or replace leaky roofs
• • If state funds exsist and are approved, construct a multipurpose room/gym
• • Install additional and/or replace outdated heating, ventilation, air conditioning systems, and lighting systems to be more energy efficient
• • Replace temporary portables with permanent classrooms
• • Renovate, construct, repair, expand and/or upgrade classrooms, restrooms and school facilities, including cafeteria and kitchen
• • Upgrade P.E. facilities and playgrounds for school and community use
• • Repair or replace deteriorating plumbing and sewer systems, including drilling new well and distribution/irrigation system
• • Replace inadequate wiring and electrical systems to meet current electrical and accessibility codes, increase capacity, and relieve currently overloaded electrical systems
• • Make health and safety improvements, including Federal and State-mandated Americans with Disabilities Act (ADA) accessibility upgrades and as mandated by the Division of the State Architect (DSA) including site access, parking, restrooms, relocation of some existing electrical devices, drinking fountains, etc.
• • Install, repair, upgrade, or replace safety and security systems for students and staff
• • Modernize outdated classroom interiors including tile/asbestos abatement, new paint, carpet/vinyl, white marker boards, tackable surfaces, increased secure storage capacity for instructional materials and equipment, etc.

Miscellaneous Projects

• • Abate and remove hazardous materials identified prior or during construction

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• • 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, 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 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 Bond Project List through temporary lease or lease-purchase arrangements, or execute purchase option under leases for any of these authorized facilities, or refinancing or retirement of outstanding lease obligations
• • For any project involving rehabilitation or renovation of a building or the major portion of a building, the District shall be authorized to proceed with new replacement construction instead, if the Board of Trustees determines that replacement and new construction is more economically practical than rehabilitation and renovation, considering the building's age, condition, expected remaining life, and other relevant factors
• • All work necessary and incidental to specific projects described above, including demolition of existing structures

Each of the bond projects described in this Bond Project List include the costs of furnishing and equipping such facilities, and all costs which are incidental but directly related to the types of projects described above. Examples of incidental costs include, but are not limited to: costs of design, engineering, architect and other professional services, facilities assessments, inspections, site preparation, utilities, landscaping, construction management and other planning and permitting, legal, accounting and similar costs; independent annual financial and performance audits; a customary construction contingency; demolition and disposal of existing structures; the costs of interim housing and storage during construction including relocation and construction costs incurred relating to interim facilities; rental or construction of storage facilities and other space on an interim basis for materials and other equipment and furnishings displaced during construction; costs of relocating facilities and equipment as needed in connection with the projects; interim classrooms and facilities for students, administrators, and school functions, including modular facilities; federal and statemandated safety upgrades; addressing unforeseen conditions revealed by construction/modernization and other necessary improvements required to comply with existing building codes, including the Field Act; access requirements of the Americans with Disabilities Act; costs of the election; bond issuance costs; and project administration during the duration of such projects, as permitted by law.

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The scope and nature of any of the specific projects described above may be altered by the District as required by unforeseen conditions that may arise during the course of design and construction. In the event that a modernization or renovation project is more economical for the District to be undertaken as new construction, this bond measure authorizes land acquisition, relocation and construction and/or reconstruction, and all costs relating thereto, for said reason or, alternatively, based on other considerations deemed in the best interest of the District by the Governing Board. In addition, this measure authorizes the acquisition of real property, including necessary rights of ways or other real property interests, required to expand District facilities, to provide access to school or other District facilities, or to provide additional school or related facilities. In addition, authorized projects include reimbursements for paid project costs and paying and/or prepaying interim or previously obtained financing for the types of projects included on the project list, such as bond anticipation notes, and including payment and prepayment of lease payments relating to projects and/or equipment previously financed.

Approval of the District's bond measure does not guarantee that all of the identified projects within this Bond Project List will be funded beyond what can be completed with local funds generated by the bond measure. The District plans to pursue funds from the State of California, if available, to complete certain of the identified facilities projects.

The order in which school facilities projects are listed in the foregoing Bond Project List does not suggest an order of priority. Project priorities will be determined by the Board of Trustees. The District is unable to anticipate all unforeseen circumstances which may prevent some of the projects listed above from being undertaken or completed.

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Measure C Tax Rate Statement

APPENDIX C (REVISED)

TAX RATE STATEMENT
REGARDING PROPOSED
$750,000
STONE CORRAL SCHOOL DISTRICT
GENERAL OBLIGATION BONDS

An election will be held in the Stone Corral School District (the "District") on November 6, 2018, to authorize the sale of up to $750,000 in bonds of the District to finance school facilities as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valorem 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. Such information is based upon the best estimates and projections presently available from official sources, upon experience within the District, and other demonstrable factors.

Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:

1. 1. The best estimate of the average annual tax rate which would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation (or $30 per $100,000 of assessed value). The final fiscal year in which it is anticipated that the tax will be collected is 204 7-48.
2. 2. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is $0.03 per $100 of assessed valuation (or $30 per $100,000 of assessed value). It is estimated that such rate would be levied starting in fiscal year 2019-20 and following.
3. 3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all the bonds are issued and sold is approximately $1,400,000.

Voters should note the estimated tax rate is based on the assessed value (not market value) of taxable property on the County's official tax rolls. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions.

The attention of all voters is directed to the fact that the foregoing information is based upon projections and estimates only, which amounts are not maximum amounts and are not binding upon the District. The actual debt service, tax rates and the years in which they will apply may vary from those used to provide the estimates set forth above, due to factors such as variations in the timing of bond sales, the par amount of bonds sold and market interest rates available at the time of each sale, actual assessed valuations over the term of the bonds, and other factors. The date and amount of bonds sold at any given time will be determined by the District based on the need for project funds and other considerations. The actual interest rates at which the bonds will be sold will depend on conditions in the bond market at the time of sale. Actual future assessed valuations 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.

By: s/
Superintendent
Stone Corral School District

Measure C Resolution

RESOLUTION NO. 1819-2

RESOLUTION OF THE BOARD OF TRUSTEES OF THE
STONE CORRAL SCHOOL DISTRICT ORDERING AN ELECTION TO
AUTHORIZE THE ISSUANCE OF SCHOOL BONDS, ESTABLISHING
SPECIFICATIONS OF THE ELECTION ORDER, AND REQUESTING
CONSOLIDATION WITH OTHER ELECTIONS OCCURRING ON
NOVEMBER 6, 2018

WHEREAS, the Stone Corral School District (the "District") in Tulare County (the "County"), State of California, is committed to providing quality education to its students; and

WHEREAS, the District's facilities are in need of repairs, upgrades, modernization and safety improvements in order to provide the education District students deserve in a safe and modern environment; and

WHEREAS, a local funding source is needed to enable the District to provide said facilities for its present and future students; and

WHEREAS, the Board of Trustees of the District (the "Board") has determined that it is necessary to address the foregoing concerns, among others, to ensure that its schools are upgraded, repaired, improved and equipped; and

WHEREAS, on November 7, 2000, the voters of the State of California approved Proposition 39 ("Proposition 39"), which amended Articles XIIIA of the California Constitution ("Article XIIIA") to allow for the levy of ad valorem property taxes for the payment of bonded indebtedness of a school district approved by at least 55 percent of the voters voting on such proposition; and

WHEREAS, upon the passage of Proposition 39, the Strict Accountability in Local School Construction Bond Act of 2000, being California Education Code Section 15264 and following (the "Act"), became operative; and

WHEREAS, in order to address the facilities needs of the District as described herein, in the judgment of the Board, it is advisable to call an election pursuant to the Act to submit to the electors of the District the question whether bonds of the District shall be issued and sold pursuant to the authority of Article XVI Section 18 of the California Constitution and Article XIIIA (together with the Act, the "Law") for the purposes authorized by the Law and as described in Appendix A hereto (the "Full Text of Bond Measure"); and

WHEREAS, under the Act, the election may be ordered at a primary or general election, a regularly scheduled local election at which all of the electors of the District are entitled to vote, or a statewide special election, upon a two-thirds vote of the Board; and

WHEREAS, the Board desires to call an election in the District pursuant to the Law on November 6, 2018, which is the date of the statewide general election, and pursuant to Education Code Section 15121 and Elections Code Section 10400 and following, to request consolidation with any and all other elections held in the District on such date, and to request the Tulare County Registrar of Voters (the "County Registrar") to perform election services for the District; and

WHEREAS, in connection with the calling of a bond election and in accordance with Education Code Section 15100 subparagraph (c), the Board has obtained reasonable and informed projections of assessed property valuations that take into consideration projections of assessed property valuations made by the County assessor; and

NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE STONE CORRAL SCHOOL DISTRICT DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

Section 1. Recitals. The foregoing recitals are true and correct.

Section 2. Call for Election. The Board hereby orders an election and submits to the electors of the District the question of whether general obligation bonds of the District shall be issued and sold in the maximum principal amount of $750,000 for the purposes described in the ballot measure approved under Section 4 and attached hereto as Appendix A (Full Text of Bond Measure) and Appendix B (Abbreviated Text of Bond Measure), and paying all costs incident thereto. This Resolution constitutes the order of the District to call such election and shall constitute the "specifications of the election order" pursuant to Education Code Section 5322.

Section 3. Election Date. The date of the election shall be November 6, 2018, and such bond election shall be held solely within the boundaries of the District. The boundaries of the District have not changed since the District's last election.

Section 4. Purpose of Election; Ballot Measure. The purpose of the election shalf be for the voters in the District to vote on a bond measure, a full copy of which is attached hereto as Appendix A and marked "Appendix A- Full Text of Bond Measure" (the "Full Text of the Measure"), containing the question of whether the District shall issue general obligation bonds for the purposes stated therein, together with the accountability requirements of Article XII lA and the requirements of Section 15272 of the Act. The Full Text of the Measure, which commences with the heading "FULL TEXT OF BOND MEASURE" and includes all of the text thereafter on Appendix A, shall be printed in the voter information pamphlet provided to voters, with such measure designation as is assigned to the measure by the County elections official. As required by Education Code Section 5322 and Elections Code Section 13247, the abbreviated form of the measure to appear on the ballot is attached hereto as Appendix B and is marked as "Appendix B -Abbreviated Form of Bond Measure." The President of the Board and the Superintendent are hereby separately authorized and directed to make any changes to this resolution or the text of the measure as described herein to conform to any requirements of the Law or the County Registrar.

Section 5. Authority for Election. The authority for ordering the election is contained in Section 15264 et. seq. of the Education Code, Article XVI Section 18(b) of the California Constitution and paragraph (b) subsection (3) of Article XIIIA. The authority for the specification of this election order is contained in Section 5322 of the Education Code.

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Section 6. Proceeds for School Facilities Projects. The Board certifies that the proceeds from the sale of the bonds will be used only for the purposes specified in Article XIII A, Section 1(b)(3) as further specified in Appendix A, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. Further, as required by Article XIIIA, the Board hereby certifies that it has evaluated safety, class size and information technology needs in developing the list of school facilities projects set forth in Appendix A.

Section 7. Covenants of the Board upon Approval of the Bonds by the Electorate; Accountability Measures. As required by Article XIIIA, Section 15278 of the Act, and Government Code Section 53410, in the event 55 percent of the voters voting in the District approve of the Bonds, the Board shall:

1. (a) conduct an annual, independent performance audit to ensure that the funds have been expended only on the projects listed in Appendix A;
2. (b) conduct an annual, independent financial audit of the proceeds from the sale of the Bonds until all of those proceeds have been expended for the school facilities projects listed in Appendix A;
3. (c) establish and appoint members to an independent citizens' oversight committee in accordance with Sections 15278, 15280, and 15282 of the Act;
4. (d) apply the Bond proceeds only to the specific purposes stated in the ballot proposition;
5. (e) cause the creation of accounts into which bond proceeds shall be deposited; and
6. (f) cause the preparation of an annual report pursuant to Government Code Sections 5341 0 and 53411.

Section 8. State Matching Funds. The Board hereby finds that some of the projects identified on the Full Text of Measure will require state matching funds for completion. As such, the statement required by Education Code Section 15122.5 has been included in the Full Text of Measure.

Section 9. Delivery of this Resolution. The Clerk of the Board is hereby directed to send a copy of this Resolution to (1) the Tulare County Superintendent of Schools, (2) the County Registrar, and (3) the Tulare County Clerk of the Board of Supervisors (the "Clerk of the Board") for purposes of consolidation pursuant to Elections Code Section 10403. The Resolution shall be received by the County Registrar and the Clerk of the Board no later than 88 days prior to the election date, unless otherwise permitted by law.

The County Registrar is hereby requested to print the full text of the ballot measure in the ballot materials as it appears on Appendix A hereto and to provide all required notices of the election and other notices related thereto.

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Section 10. Consolidation of Election; Request to Provide Services. The County Registrar and the Tulare County Board of Supervisors are hereby requested to consolidate the election ordered hereby with any and all other elections to be held on November 6, 2018 within the District.

Pursuant to Section 5303 of the Education Code and Section 1 0002 of the Elections Code, the Board of Supervisors of Tulare County is requested to permit the County Registrar to render all services specified by Section 1 0418 of the Elections Code relating to the election, for which services the District agrees to reimburse Tulare County in full upon presentation of a bill from the County, such services to include the publication of a formal Notice of School Bond Election and the mailing of the sample ballot and tax rate statement (described in Section 9401 of the Elections Code).

Section 11. Approval of Tax Rate Statement. Pursuant to Elections Code Section 9401, a tax rate statement has been prepared in the form attached hereto as Appendix C, which form of Tax Rate Statement is hereby approved for inclusion in the sample ballot. The President of the Board, the Superintendent, or any written designee of the foregoing, are hereby separately authorized and directed to execute the tax rate statement, and to file said Statement with the County Registrar, in accordance with Section 9 hereof.

Section 12. Ballot Arguments. As provided in Elections Code Section 9501, any and all members of this Board are hereby authorized to act as an author of any ballot argument prepared in connection with the election, including a rebuttal argument.

Section 13. Maturity Limit of Bonds. The Bonds may be issued in one or more series by the District from time to time, and each series of Bonds shall mature not more than the legal limit at the time of such issuance thereof. The Bonds shall be issued under the Act, under the provisions of Section 53506 et seq. of the California Government Code, or under any other provision of law authorizing the issuance of general obligation bonds by school districts.

Section 14. Engagement of Professional Services. The Superintendent is authorized and directed to execute the agreements on file with the financial advisory firm of lsom Advisors, A Division of Urban Futures, Inc. and the law firm of Jones Hall, A Professional Law Corporation, which firms are hereby appointed to perform financial advisory and bond counsel and disclosure counsel services, respectively, in connection with the Bonds.

Section 15. Official Actions. The President of the Board and the Superintendent are hereby separately authorized and directed to execute and deliver to County officials any directions, requisitions or other writings, and to make any changes to the texts of the measure as described herein and in the tax rate statement, to conform to any legal requirements or the County Registrar, in order to cause the election to be held and conducted in the District.

Section 16. Effective Date. This resolution shall take effect on and after its adoption.

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The foregoing Resolution was adopted by the Board of Trustees of the Stone Corral School District of Tulare County, being the Board authorized by law to make the designations therein contained by the following vote, on July_, 2018.

Adopted by the following votes: [2/3 of entire Board required for approval]

AYES: :2

NOES: 0

ABSENT: 1

ABSTAIN: O

President of the Board

Attest:

Clerk/Secretary of the Board

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Measure C Notice of Election

Text of Ad: 08/13/2018

PUBLICATION

NOTICE OF SPECIAL BOND ELECTION AND NOTICE OF DATE FIXED FOR SUBMITTING ARGUMENTS FOR STONE CORRAL ELEMENTARY SCHOOL DISTRICT

NOTICE IS HEREBY GIVEN to the qualified electors of the Stone Corral Elementary School District (the "District") located in the County of Tulare, State of California, that in accordance with the provisions o the Education Code of the State of California, an election will be held on November 6, 2018 within the School District, at which election the following measure shall be submitted to the qualified electors of the District and voted upon:

STONE CORRAL ELEMENTARY SCHOOL DISTRICT BOND MEASURE

To improve the quality of education; repair or replace leaky roofs; construct a multipurpose room/gym; and modernize/renovate outdated classrooms, restrooms and school facilities; shall Stone Corral School District issue $750,000 of bonds at legal interest rates, raising on average $49,000 annually as long as bonds are outstanding, at a rate of 3 cents per $100 assessed value, have an independent citizens' oversight committee with NO money for administrative salaries?

BONDS YES BONDS NO

The above proposition shall become effective if 55% of the votes cast approve the proposition.

All of the purposes enumerated in the foregoing measure shall be united and voted upon as one single measure, with precincts, places of holding the elections and officers appointed to conduct the elections to be the same as those provided for the General Election to be held on November 6, 2018.

The bonds proposed to be issued and sold shall bear interest at a rate not exceeding twelve percent (12%) per annum.

The number of years the whole or any part of the bonds are to run shall not exceed the statutory maximum, which is twenty-five (25) years in the case of bonds issued under the authority of the Education Code and forty (40) years in the case of bonds issued under the authority of the Government Code, from the date of the bonds or the date of any series thereof.

This election has been called pursuant to a Resolution of the Governing Board of the Stone Corral Elementary School District, adopted on July, 2018. The Elections Official of the County of Tulare hereby gives formal notice of the election in accordance with the provisions of Education Code Section 15120.

Arguments for or against this measure may be submitted to the Tulare County Registrar of Voters Office, 5951 South Mooney Blvd, Visalia, CA 93277 no later than August 20, 2018 which has been determined by the elections official to be a reasonable date based upon the time necessary to prepare and print arguments. No argument shall exceed 300 words in length.

Pursuant to Section 9501 of the Elections Code, one argument tor and one argument against this measure will be selected for printing and distribution to the voters with the sample ballot.

The elections official will also provide opportunity for rebuttal arguments to be filed no later than August 30, 2018 in accordance with Section 9504 of the Elections Code.

For more information on filing arguments, call the Registrar of Voters Office, (559) 624-7300.

The polls will be Open Election Day between 7:00 a.m. and 8:00 p.m.

DATED: August 10, 2018

MlCHELLE BALDWlN,
REGISTRAR OF VOTERS

By: Maryalice Cypert,
Deputy Election Clerk

Quienes desean obtener la version en espanol de este aviso legal pueden solicitar una copia llamando al Departamento de Registro de Votantes, (559) 624-7302.

Pub: August 15, 2018 #3097362