Vote Yes on Inyo County Measure K - 2018 primary Election
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  Welcome    Question    Agenda    Resolution  

Welcome to the Yes No on Measure K Campaign

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

This campaign was designed by Eastshore Consulting LLC (Michael Riemenschneider). 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.

  Welcome    Question    Agenda    Resolution  

Measure K Question

B-1

APPENDIX B

ABBREVIATED FORM OF BOND MEASURE*


"To improve school facilities, upgrade fire alarms and student safety and security, replace old windows, and repair restrooms and other facilities, shall Lone Pine Unified School District issue $6 million in bonds at legal interest rates, projected tax rates of while bonds are outstanding (averaging approximately $400,000 annually), and requiring responsible repayment costs, and audits to ensure funds are ONLY spent for Lo-Inyo Elementary School and Lone Pine High School, and NOT for any other purpose?"


*As required pursuant to Education Code Section 5322 and Elections Code Section 13247.

  Welcome    Question    Agenda    Resolution  

Measure K Agenda Description

Agenda of October 9, 2017 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES SPECIAL MEETING

MINUTES

Monday, October 9, 2017

2. GENERAL FUNCTIONS OF THE BOARD/BUSINESS

Presentation by Eastshore Consulting Inc, Michael Riemenschneider Bond Measure for LPUSD Facilities. Michael introduced himself and gave some background information about LPUSD facilities; when construction began (1930's) and has had modestly expanded; the facilities have been maintained over the decades and significant needs remain; the District has not passed a General Obligation bond since 1950's. Michael talked about the steps that should occur with going through the 'right' bond process and maximizing all sources of funding to help limit the property tax impact and tax base. A team of consultants, architect, financial advisor (Eastshore Consulting), and counsel will assist the district achieve their goals and will assist the District through the process of community outreach. Michael communicated that the District will need to prioritize facility improvements that be based on needs and to have conversations with administration, staff, parents, major stakeholders and the broader community.

Agenda of October 18, 2017 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES MEETING

MINUTES

October 18, 2017

ITEMS FROM THE SUPERINTENDENT

A. LPUSD Bond Team Mrs. Torix commented that our district should look at forming a bond team. The team would inform communities of Alabama Hills, reservation, etc about the bond. Mrs. Torix talked with Michael, from Eastshore, about holding collaborative meetings. The team should consist of Mrs. Torix, two staff members, and two board members all information open to talk about strategies to build on and work collaboratively with the CPR Committee. Mrs. Torix commented that the bond is about our facilities and our

REGULAR MEETING LONE PINE UNIFIED SCHOOL DISTRICT OCTOBER 18, 2017

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students. Mrs. Torix asked Trustee Olin if he would like to be part of the team because he works with DWP. Trustee Olin is fine with being on the team and would like to be part of it. Trustee Olin asked Trustee Patton is she would like to be part of the team, Trustee Patton would like to be part of the team. Once the architect visits the school sites and lets the district know then the board will need to do an assessment. Mrs. Poirier commented that the district have a clear solid story to sell the bond. Mrs. Torix would like to have small community meetings with the bond team. Trustee Howerton asked why not just a parcel tax and if the bond is for all facilities, does that allow excess to go towards programs. Mrs. Torix commented that the bond is only for facilities. Trustee Howerton commented that as questions come up they should be passed on to the team.

B. Williams Facility Report Trustee Howerton asked about items on the report and about repairs. There is a

Agenda of November 15, 2017 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES MEETING

MINUTES

November 15, 2017

5. REPORTS TO THE BOARD

5.1 Lo-Inyo/High School Principals' Report, as presented in the backup to the Board.

5.2 Facilities needs assessment from Alameida Architecture, as presented to the Board. Don spoke on the needs assessment no decisions to be made just discussion. Trustee Howerton suggested another walk around with Heidi, the board and suggested maybe to invite the community. Trustee Patton asked can the bond money be used with matching funds. Next step will be in December and the board would need to make decisions. Approve final version of the needs assessment and to carry the assessment around and to talk about it with the community.

Agenda of November 27, 2017 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES SPECIAL MEETING

MINUTES

Monday, November 27, 2017

2. GENERAL FUNCTIONS OF THE BOARD

Discussion Bond and Facility Needs Board would like to see original estimate as well as revised estimate for Option 2.2.

Discussion and Review Community Outreach Materials for the LPUSD Bond Mrs. Torix opened discussion on the outreach materials that Michael sent. Would like to make some changes to the call script. Mrs. Torix will email Michael with new questions and also inform on which questions should to be removed. Mrs. Torix commented that we will put mailing on district letterhead and will get letter and FAQ out by next week.

Agenda of December 13, 2017 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES MEETING

AGENDA

December 13, 2017

5. GENERAL FUNCTIONS OF THE BOARD

Discuss and accept Facility Needs Assessment, as presented to the Board. No changes to Facility Needs Assessment, copies can be found at the district office.

Discussion Community Outreach efforts regarding school bond. Need to publicize where and when the district will hold meetings to talk about the bond. Everyone saw the mailing about the bond went out last week.

5. GENERAL FUNCTIONS OF THE BOARD

Updates on Proposed Bond Measure Heidi Torix and Michael Riemenschneider Michael updated the board on a summary of phone calls completed and how many should be completed in the next couple of weeks. Also, reported on outcome of the 42 completed phone calls and good news is how overly supportive callers have been.

Agenda of January 24, 2018 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES MEETING

AGENDA

January 24, 2018

5. GENERAL FUNCTIONS OF THE BOARD

Updates on Proposed Bond Measure Heidi Torix and Michael Riemenschneider

Agenda of February 15, 2018 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES SPECIAL MEETING

AGENDA

Thursday, February 15, 2018

4. GENERAL FUNCTIONS OF THE BOARD

Discussion Bond update from Michael Riemenschneider

Agenda of February 21, 2018 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES MEETING

AGENDA

February 21, 2018

6. GENERAL FUNCTIONS OF THE BOARD

Discussion BP/AR 5121 Mrs. Torix

Discussion LPUSD Board Scholarships Mrs. Torix

Discussion Assistant Coach Mrs. Torix & Mike Button

Discussion/Review Draft Bond Resolution Mrs. Torix

Agenda of February 26, 2018 (complete item)

LONE PINE UNIFIED SCHOOL DISTRICT

BOARD OF TRUSTEES SPECIAL MEETING

AGENDA

Monday, February 26, 2018

2. GENERAL FUNCTIONS OF THE BOARD

2.1 Approved by ______ and seconded by ______ to adopt Resolution 2017-18-08, Ordering an Election to Authorize the Issuance of General Obligation Bonds, Establishing Specifications of the Election Order, and Requesting Consolidation with Other Elections Occurring on June 5, 2018, as presented to the Board.

  Welcome    Question    Agenda    Resolution  

Measure K Resolution

RESOLUTION NO. 2017-18-08

RESOLUTION OF THE BOARD OF TRUSTEES OF THE

LONE PINE UNIFIED SCHOOL DISTRICT ORDERING AN ELECTION TO AUTHORIZE THE ISSUANCE OF GENERAL OBLIGATION BONDS, ESTABLISHING SPECIFICATIONS OF THE ELECTION ORDER, AND REQUESTING CONSOLIDATION WITH OTHER ELECTIONS OCCURRING ON JUNE 5, 2018

WHEREAS, the Lone Pine Unified School District (the "District") in Inyo 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, in the judgment of the Board of Trustees (the "Board") of the District, it is advisable to call an election to submit to the electors of the District the question of whether bonds of the District 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; and

WHEREAS, the Board is authorized, upon a two-thirds vote of the Board, to pursue the authorization and issuance of bonds by a 55% vote of the electorate on the question of whether bonds of the District shall be issued and sold for specified purposes, under Article XIIIA Section 1 paragraph (b) of the California Constitution ("Article XIIIA") and under Education Code Section 15264 et seq. (the "Act"); and

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

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, June 5, 2018, the date of the statewide primary election, and to request the Inyo County Registrar of Voters (the "County Registrar") to perform certain 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

WHEREAS, United States Income Tax Regulations section 1.150-2 provides generally that proceeds of tax-exempt debt are not deemed to be expended when such proceeds are used for reimbursement of expenditures made prior to the date of issuance of such debt unless certain procedures are followed, one of which is a requirement that

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(with certain exceptions), prior to the payment of any such expenditure, the issuer declares an intention to reimburse such expenditure; and

WHEREAS, the Board wishes at this time to take the necessary actions to declare its official intent to reimburse the expenditures referenced herein from the proceeds of bonds issued pursuant to voter authorization;

NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE LONE PINE UNIFIED 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 a maximum principal amount of $6 million (the "Bonds") for the purposes described in the ballot measure approved under Section 3 and attached hereto as Appendix A and Appendix B, 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 June 5, 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 shall be for the voters in the District to vote on a bond measure, the full text of which is attached hereto as Appendix A (the "Full Text of the Measure"), containing the question of whether the District shall issue the Bonds for the purposes stated therein, together with the accountability requirements of Article XIIIA 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. 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. The Superintendent of the District (the "Superintendent") is hereby separately authorized and directed to make any changes to the text of the full text and/or abbreviated measure as described herein to conform to any requirements of Article XIIIA, the Act or the County Registrar.

Section 5. Authority for Election. The authority for ordering the election is contained in Section 15264 et. seq. of the Act and Section 1 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.

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 Section 1(b)(3) of Article XIII A and 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

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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% of the voters voting in the District approve of the Bonds, the Board shall:

(a) conduct an annual, independent performance audit to ensure that the funds have been expended only on the projects listed in Appendix A;
(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;
(c) establish and appoint members to an independent citizens' oversight committee in accordance with Sections 15278, 15280, and 15282 of the Act;
(d) apply the Bond proceeds only to the specific purposes stated in the ballot proposition;
(e) cause the creation of accounts into which bond proceeds shall be deposited; and
(f) cause the preparation of an annual report pursuant to Government Code Sections 53410 and 53411.

Section 8. Statement Regarding State Matching Funds. The District anticipates that matching funds from the State of California, if available, may be required to complete a portion of the projects identified in Appendix A. As required pursuant to Education Code Section 15122.5, the following statement shall appear on the ballot: "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."

Section 9. Delivery of this Resolution. The Clerk of the Board is hereby directed to send a copy of this Resolution to (1) the Inyo County Superintendent of Schools, (2) the County Registrar, and (3) the Inyo County Clerk of the Board of Supervisors. Pursuant to Education Code Section 5322, the Resolution shall be received by the County Registrar 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, 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 Inyo County Board of Supervisors are hereby requested to consolidate the election ordered hereby with any and all other elections to be held on June 5, 2018 within the District.

Pursuant to Section 5303 of the Education Code and Section 10002 of the Elections Code, the Board of Supervisors of the County is requested to permit the County Registrar to render all services specified by Section 10418 of the Elections Code relating to the election, for which services the District agrees to reimburse the 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. 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 12. 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 Superintendent, is hereby authorized to finalize and execute the tax rate statement, and to file said statement with the County Registrar, in accordance with Section 9 hereof.

Section 13. Maturity Limit of Bonds. The Bonds may be issued in 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. Reimbursement. The District hereby declares that it may (i) pay certain costs of the projects listed in Appendix A prior to the date of issuance of bonds and, in such case, (ii) intends to use a portion of the proceeds of bonds for reimbursement of expenditures for the projects that are paid before the date of issuance of bonds.

Section 15. Official Actions. The President of the Board, the Superintendent, or any written designee of either, 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 Lone Pine Unified School District of Inyo County, being the Board authorized by law to make the designations therein contained, by the following vote, on February 26, 2018.

Adopted by the following votes:

AYES:

NOES:

ABSENT:

ABSTAIN:

Susan Patton, President of the Board

Attest:

Scott Kemp, Secretary of the Board

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APPENDIX A

FULL TEXT OF BOND MEASURE

INTRODUCTION

"To improve school facilities, upgrade fire alarms and student safety and security, replace old windows, and repair restrooms and other facilities, shall Lone Pine Unified School District issue $6 million in bonds at legal interest rates, projected tax rates of 6 per $100 of taxable value while bonds are outstanding (averaging approximately $400,000 annually), and requiring responsible repayment costs, citizens' oversight and audits to ensure funds are ONLY spent for Lo-Inyo Elementary School and Lone Pine High School, and NOT for any other purpose?"

BACKGROUND

Lone Pine Unified School District is currently educating approximately 300 children. In the 1930's, the Lo-Inyo Elementary School and Lone Pine High School campuses began construction and have been modestly expanded and modified since. Both have been well maintained over the decades, and there are many repairs, upgrades and other improvements that the District has incrementally paid for with its operating budget and a small amount of matching State Aid.

However, both campuses have grown old and significant needs remain. Last year, the District selected an architect to review both Lo-Inyo Elementary School and Lone Pine High School to estimate what the needed repairs and upgrades would cost in order to help prioritize potential projects. Copies of the complete Facilities Assessment Report and the District's current funding priorities (as summarized in the Project List) are on file at the District offices, available for public inspection. To address the most critical priorities, the District is now asking the Lone Pine community to authorize the issuance of general obligation bonds, which has not been sought by the District since the 1950's.

BOND AUTHORIZATION

By approval of this measure by at least 55% of the registered voters voting on the measure, the District will be authorized to issue and sell bonds of up to $6 million 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 included 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 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.)

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Evaluation of Needs. The Board of Trustees of the District has identified detailed facilities needs of the District and has determined which projects to finance from a local bond. 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 included below.

Independent Citizens' Oversight Committee. Following approval of this measure, the Board of Trustees will establish an independent citizens' oversight committee, under California 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 Board of Trustees.

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

Financial Audits. The Board of Trustees 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 Inyo 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 Capital Appreciation Bonds. The Bonds shall be issued only as current interest bonds, and NOT as capital appreciation bonds.

Responsible Repayment Cost. The repayment ratio of the bonds will be no more than 2.5 to 1, meaning each dollar of bonds sold will cost taxpayers no more than $2.50 to repay, including interest.

Additional Sources of Funding. The District will use a portion its own operating budget to meet some of the needs and attempt to gain additional State facilities funding to further improve Lone Pine High School and Lo-Inyo Elementary School.

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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 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 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 approximate 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 that 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 time of sale of the bonds, when bonds mature, the 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

Bond proceeds will be expended on the modernization, renovation, acquisition, construction, reconstruction, rehabilitation, and/or replacement of school facilities of the Lone Pine Unified School District, including the furnishing and equipping of such school facilities, located in the Lone Pine Unified School District.

The Bond Project List below describes the specific types of projects the Lone Pine Unified School District proposes to finance with proceeds of the bonds. Listed projects will be completed as needed at a particular school site according to Board-established priorities, and the order in which such projects appear on the Bond Project List is not an

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indication of priority for funding or completion. The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. Certain construction funds expected from non-bond sources, including State grant funds for eligible projects, have not yet been secured. Until all project costs and funding sources are known, the Board of Trustees cannot determine the amount of bond proceeds available to be spent on each project, nor guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Completion of some projects may be subject to further government approvals or appropriation by State officials and boards, to local environmental review, and to input from the public. For these reasons, inclusion of a project on the Bond Project List is not a guarantee that the project will be funded or completed.

Unless otherwise noted, the projects in this Bond Project List are authorized to be completed at either Lo-Inyo Elementary School or Lone Pine High School, as shall be approved by the Board of Trustees.

The types of projects authorized by this measure are:

  • ? Modernize, upgrade, renovate and repair aging classrooms
  • ? Replace old, leaky windows
  • ? Upgrade student safety and security, including replacing or improving fire alarms and installing new security systems
  • ? Repair and improve aging restrooms and other facilities
  • ? Repair or replace outdated heating, ventilation and air-conditioning systems
  • ? Improve technology infrastructure and replace public address systems
  • ? Make other basic repairs at both District schools, including to roofing, plumbing, electrical systems and other infrastructure
  • ? Make health, safety and handicapped accessibility improvements to ensure compliance with all applicable laws and regulations
  • ? Federal and State-mandated Americans with Disabilities Act (ADA) accessibility upgrades including but not limited to site access, parking access, staff and student restroom access, relocation of certain existing electrical devices and drinking fountain accessibility
  • ? Abate and remove hazardous materials identified prior or during construction (e.g. lead, asbestos, etc.)
  • ? Address unforeseen conditions and latent defects in materials revealed by these projects (e.g. dry rot, structural, etc.)
  • ? Perform necessary site preparation/restoration in connection with repairs or remodeling
  • ? Make other repairs and improvements to classrooms, facilities and school grounds throughout the District, if State Aid becomes available

Each project is assumed to include its share of furniture, equipment, architectural, engineering, and similar planning costs, program/project management, staff training expenses and a customary contingency for unforeseen design and construction costs. In addition to the listed projects stated above, the list also includes the acquisition of a variety of instructional, maintenance and operational equipment, including the reduction or retirement of outstanding lease obligations and interim funding incurred to advance fund projects from the list; installation of signage and fencing; payment of the costs of A-5 preparation of all facility planning, facility studies, assessment reviews, facility master plan preparation and updates, environmental studies (including environmental investigation, remediation and monitoring), design and construction documentation, and temporary housing of dislocated District activities caused by construction projects. In addition to the projects listed above, the repair and renovation of each of the existing school facilities may include, but not be limited to, some or all of the following: upgrade of facilities for energy efficiencies; repair and replacement of windows, walls, doors and drinking fountains; installation of wiring and electrical systems to safely accommodate computers, technology and other electrical devices and needs; upgrades of support facilities, including physical education/athletic facilities and maintenance yards; repair and replacement of fire alarms, emergency communications and security systems; resurfacing or replacing of hard courts, turf and irrigation systems and campus landscaping and play fields; improve access to school site; interior and exterior painting and floor covering; demolition; and construction of various forms of storage and support spaces, repair, upgrade and install interior and exterior lighting systems. The upgrading of technology infrastructure includes, but is not limited to, portable interface devices, servers, switches, routers, modules, sound projection systems, laser printers, digital white boards, display technology, projectors, upgrade voice-over-IP, call manager and network security/firewall, wireless technology systems and other miscellaneous equipment and software.

The allocation of bond proceeds will be affected by the District's receipt of State matching funds and 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 listed above. 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 and construction documents are finalized, construction bids are received, construction contracts 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 of Trustees of the District determines that such an approach would be more cost-effective in creating more enhanced and operationally efficient campuses. Necessary site preparation/restoration may occur 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, trees and landscaping, relocating fire access roads, and acquiring any necessary easements, licenses, or rights of way to the property. Proceeds of the bonds may be used to pay or reimburse the District for the cost of District staff when performing work on or necessary and incidental to bond projects and the costs of issuing the bonds. Bond proceeds shall only be expended for the specific purposes identified herein. The District shall create an account into which proceeds of the bonds shall be deposited and comply with the reporting requirements of Government Code 53410.

The Bond Project List shall be considered a part of this ballot proposition, and shall be reproduced in any official document required to contain the full statement of the bond proposition.

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APPENDIX C

TAX RATE STATEMENT

An election will be held in the Lone Pine Unified School District (the "District") on June 5, 2018 to authorize the sale of up to $6 million in general obligation 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 submitted 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. The best estimate of the average annual tax rate that would be required to fund this bond issue over the entire duration of the bond debt service, based on estimated assessed valuations available at the time of filing of this statement, is $.06 per $100 ($60 per $100,000) of assessed valuation in fiscal year 2018-19. It is currently expected that the tax will be collected until fiscal year 2047-48.

2. The best estimate of the highest tax rate that would be required to fund this bond issue, based on estimated assessed valuations available at the time of filing this statement, is $.06 per $100 ($60 per $100,000) of assessed valuation. This rate is projected to apply in each fiscal year that the bonds are outstanding. It is estimated that such rate would be levied starting in fiscal year 2018-19 and following.

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 will be approximately $11.8 million.

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.

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Dated: February 26, 2018

______________________

Superintendent

Lone Pine Unified School District

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