Sierra Joint College SFID No. 4: Vote Yes on Measure E Bonds - Placer County - 2018 primary Election
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  Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

Welcome to the Yes No on Measure E Campaign

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

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

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

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

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

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

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

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

  Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

Measure E Question

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DOCSSF/128467v14/022000-0001

EXHIBIT A

"SIERRA COLLEGE IMPROVEMENT MEASURE. To bring older buildings to code/standards for continued use, improve workforce job training facilities to affordably prepare, train/retrain students/veterans for quality jobs, repair, construct, acquire classrooms, facilities, equipment, shall Sierra Joint Community College District issue $350,000,000 in bonds, at legal rates, levy/collect on average 1.7 cents/$100 assessed value ($18,000,000 annually) while bonds are outstanding, with independent citizen/taxpayer oversight/audits, no money for administrator salaries/pensions, all funds used locally?"

Bonds – Yes Bonds – No

  Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

Impartial Analysis for Measure E

IMPARTIAL ANALYSIS BY PLACER COUNTY COUNSEL

This measure, if approved by fifty-five percent of the voters voting thereon, would authorize the sale of general obligation bonds by the Sierra Joint Community College District Board of Trustees, acting as the legislative body of the Sierra Joint Community College District School Facilities Improvement District No. 4, Rocklin Area Campus (herein, the "District") in the amount of up to $350,000,000 (three hundred fifty million dollars) in aggregate principal amount. The proceeds of the bonds would be used for the purposes described in the text of Measure E, which precedes this analysis. Principal and interest on the bonds would be paid from a tax placed on the taxable property within the District. The District's estimate of the highest tax rate that would be required to fund this bond issue follows this analysis.

A general obligation bond is a form of borrowing used to fund school facilities. By law, local general obligation bonds, financed through an increase in local property taxes, can be used for renovating, reconstructing, and building new facilities and for acquiring certain new equipment. To authorize such bond issuance, school districts can seek either two-thirds or 55% voter approval. If districts seek the 55% approval, as has been done by the District in this case, they must meet additional accountability requirements.

In order to meet these additional accountability requirements, the District Board of Trustees has committed to the following:

  • ? use of bond proceeds shall be only for the purposes set forth in the ballot measure, and not for any other purpose, such as teacher and administrator salaries and other college operating expenses;
  • ? college affordability, safety, university transfer, job training, enrollment trends, class size reduction, class availability, information technology and technical job training facilities of the District have been evaluated prior to determining that bond issuance was necessary;
  • ? annual independent performance audits will be conducted to ensure that the bond proceeds are expended only for the projects in the ballot measure;
  • ? annual, independent financial audits of the expenditure of the bond proceeds will be conducted until all bond proceeds have been expended, and;
  • ? a Citizens' Oversight Committee will be established to monitor expenditure of bond proceeds.

The District has confirmed that the proposed bonds would bear interest at a rate not exceeding the statutory limit per annum and the maturity of the bonds will not exceed the statutory maximum.

A "YES" vote on this Measure would authorize the District to borrow money through the sale of bonds in an amount not exceeding $350,000,000, such bonds to be repaid by revenue derived from an annual tax levied upon the taxable property within the District.
A "NO" vote on this Measure is a vote against authorizing the sale of bonds by the District.

This analysis is submitted by the Office of the County Counsel of Placer County pursuant to the requirements of Section 9500 of the Elections Code of the State of California.

Gerald O. Carden, County Counsel
By: Brian R. Wirtz, Deputy County Counsel

The above statement is an impartial analysis of Measure E. If you desire a copy of the ordinance or measure, please call the Elections Division at (530) 886-5650 and a copy will be mailed at no cost to you.

El Dorado County

IMPARTIAL ANALYSIS OF MEAURE E

Measure E (the "Measure"), if approved by at least 55% of the registered voters voting thereon, would authorize the Sierra Joint Community College District School Facilities Improvement District No. 4 (the "District") to issue and sell general obligation bonds in an amount not to exceed $350,000,000. The Measure was placed on the ballot by the Board of Trustees ("Board") of the Sierra Joint Community College District, acting as the legislative body of the Sierra Joint Community College District School Facilities Improvement District No. 4, pursuant to Resolution No. 2018-02.

Proceeds from the sale of the bonds authorized by the Measure would be used only for the acquisition, construction, reconstruction, rehabilitation, or replacement of school facilities and the furnishing and equipping of school facilities, including, but not limited to, the following: upgrading older buildings to current standards; upgrading technology infrastructure; constructing a new Public Safety Center, Science Building, and Instructional Building; expanding and updating classrooms and science labs; and installing energy efficient measures and materials. Bond proceeds will not be used for teacher and administrator salaries or other operating expenses.

The Measure provides that the Board shall conduct annual independent performance and financial audits and shall appoint an independent Citizens' Oversight Committee to ensure that bond proceeds are spent only as specified in the Measure and as provided by law. Bond proceeds shall be deposited in a special fund and an annual report shall be made to the Board of the amount of funds collected and expended and the status of projects.

The maturity date and maximum rate of interest on any bond shall not exceed the maximums allowed by law. Principal and interest on the bonds will be paid by revenue derived from an ad valorem tax levied upon the taxable property within the District in an amount sufficient to pay the interest as it becomes due and to provide a fund for payment of the principal on or before bond maturity. According to the District's Tax Rate Statement, the best estimate of the highest tax rate required to fund the bonds, based on estimated assessed valuations available when the District filed its Tax Rate Statement, is $17 per $100,000 of assessed valuation, which is estimated to be the same in every fiscal year that the bonds remain outstanding. Also according to the District's Tax Rate Statement, the best estimate of the total debt service to be repaid if all the bonds are issued and sold is approximately $685,000,000.

A "yes" vote is a vote in favor of authorizing the District to issue and sell bonds in an amount up to $350,000,000, such bonds to be repaid by revenue derived from an annual tax levied upon taxable property within the District.

A "no" vote is a vote against authorizing the District to issue and sell bonds in an amount up to $350,000,000.

Michael J. Ciccozzi, El Dorado County County Counsel

Sacramento County

Used Placer County Counsel's analysis, above.

  Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

Argument in Favor of Measure E

ME2

ARGUMENT IN FAVOR OF MEASURE E

Sierra College is a community asset that provided affordable and cost-effective education for local students.

The last bond measure passed for Sierra College was in 1957 when it had less than 1,500 students. Today over 22,000 students are being educated at Sierra College. But many of its classrooms are in 50-year-old buildings that need to be repaired and upgraded to meet current standards and safety codes.

Measure E will help Sierra upgrade science, math, engineering, technology and vocational education classrooms - improving and expanding facilities for training our local police, firefighters, paramedics and nurses and expanding much needed Veterans services and programs.

Measure E will protect taxpayers by prohibiting the State from taking the funds and spending them elsewhere and by requiring annual audits and citizen/taxpayers oversight of how funds are spent.

Measure E protects taxpayers by prohibiting funds from going to administrators' salaries, pensions or benefits.

  • Vote YES on Measure E to allow Sierra College to maintain and repair 50-year-old buildings so they can continue to be used for another 50 years.
  • Vote YES on Measure E to keep higher education affordable for local students.
  • Vote YES on Measure E to allow Sierra College to train more local Police, Firefighters, Paramedics and Nurses.
  • Vote YES on Measure E to allow Sierra College to expand Veteran's services and programs.
  • Sierra College is a treasured asset to our community. It provides an affordable and cost-effective education for local students, trains our local public safety and health care professionals and provides challenging, high-quality learning experiences for active adults. For less than $5 per month on average, you can help make sure Sierra College continues to meet our needs in the future.

    It's "E for Education." Please join us and vote YES on Measure E.

    Eric Sanchez,
    President, League of Placer County Taxpayers

    Gail M. Fischer,
    Chief Nurse Executive

    Bob Romness,
    Sierra College Board of Trustees, Lincoln

    Scott Owens,
    Placer County District Attorney

    David A. Breninger,
    Retired PCWA General Manager/ Sun City Roseville resident

    El Dorado County

    ARGUMENT IN FAVOR OF MEASURE E

    Sierra College is a community asset that provides affordable and cost-effective education for local students.

    The last bond measure passed for Sierra College was in 1957 when it had less than 1,500 students. Today 22,000 students are being educated at Sierra College. But many of its classrooms are in 50-year-old buildings that need to be repaired and upgraded to meet current standards and safety codes.

    Measure E will help Sierra upgrade science, math, engineering, technology, and vocational education classrooms - improving and expanding facilities for training our local police, firefighters, paramedics and nurses and expanding much needed Veterans services and programs.

    Measure E will protect taxpayers by prohibiting the state from taking the funds and spending them elsewhere. And by requiring annual audits and citizen/taxpayers oversight of how funds are spent.

    Measure E protects taxpayers by prohibiting funds from going too administrators' salaries, pensions, or benefits.

    Vote YES on measure E to allow Sierra College to upgrade, maintain, and repair 50-year-old buildings so they can continue to be used for another 50 years.
    Vote YES on Measure E to keep higher education affordable for local students.
    Vote YES on Measure E to allow Sierra College to train more Police, Firefighters, Paramedics, and Nurses.
    Vote YES on Measure E to allow Sierra College to expand Veteran's services and programs.

    Sierra College is a treasured asset to our community. It provides an affordable and cost-effective education for local students, trains our local public safety and health care professionals and provides challenging, high-quality learning experiences for active adults. For less than $5.00 per month on average, you can help make sure Sierra College continues to meet our needs in the future.

    It's "E" for Education." Please join and vote YES on Measure E.

    www.yesonmeasuree.com

    Laurel Brent-Bumb,
    CEO, El Dorado County Chamber of Commerce

    Krista Bernasconi,
    Small Business Owner, US Navy Veteran

    Gayle Garbolino-Mojica,
    County School Superintendent

    Rachel Michelin,
    El Dorado Hills Homeowner

    John Knight,
    Former El Dorado County Supervisor/Current School Board member

    Sacramento County

    ARGUMENT IN FAVOR OF MEASURE E

    Sierra College is a community asset that provided affordable and cost-effective education for local students.

    The last bond measure passed for Sierra College was in 1957 when it had less than 1,500 students. Today over 22,000 students are being educated at Sierra College. But many of its classrooms are in 50-year-old buildings that need to be repaired and upgraded to meet current standards and safety codes.

    Measure E will help Sierra upgrade science, math, engineering, technology and vocational education classrooms - improving and expanding facilities for training our local police, firefighters, paramedics and nurses and expanding much needed Veterans services and programs.

    Measure E will protect taxpayers by prohibiting the State from taking the funds and spending them elsewhere and by requiring annual audits and citizen/taxpayers oversight of how funds are spent.

    Measure E protects taxpayers by prohibiting funds from going to administrators' salaries, pensions or benefits.

    Vote YES on Measure E to allow Sierra College to maintain and repair 50-year-old buildings so they can continue to be used for another 50 years.

    Vote YES on Measure E to keep higher education affordable for local students.

    Vote YES on Measure E to allow Sierra College to train more local Police, Firefighters, Paramedics and Nurses.

    Vote YES on Measure E to allow Sierra College to expand Veteran's services and programs.

    Sierra College is a treasured asset to our community. It provides an affordable and cost-effective education for local students, trains our local public safety and health care professionals and provides challenging, high-quality learning experiences for active adults. For less than $5 per month on average, you can help make sure Sierra College continues County of Sacramento www.elections.saccounty.net
    Ballot Type 001 Page 6
    to meet our needs in the future.

    It's "E for Education." Please join us and vote YES on Measure E.

    s/Ron Severson
    Superintendent, Roseville Joint Union High School District

    s/Gail M. Fischer, RN, MSN
    Chief Nurse Executive, Sutter Roseville Hospital

    s/Scott Leslie
    Sierra College Board of Trustees

    s/Krista Bernasconi
    Small Business Owner/US Navy Veteran

    s/Franklin Burris
    North Sacramento Chamber of Commerce

      Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

    Rebuttal to Argument in Favor of Measure E

    REBUTTAL TO THE ARGUMENT IN FAVOR OF MEASURE E

    Measure E is the largest property tax increase in Sierra College's history, but the proponents don't even mention that. How stupid do they think you are? With interest, Measure E will cost taxpayers well over $700,000,000 - at a time when tax revenues are already breaking previous records.

    Measure E is unnecessary, unaffordable, and irresponsible. The technology upgrades and facilities improvements funded by this bond will be obsolete and needing replacement long before it is paid off - and then they will demand yet another tax increase. Now is the time to say NO MORE! Tell them to live within their means and stop raising taxes.

    The gigantic size of this bond is difficult to comprehend, but we will try to illustrate it: Paying off $700,000,000 in principal and interest will cost taxpayers well over $3,200,000 for each full-time faculty member. If you also include part-time faculty members who teach as little as three hours per week, it is still over $800,000 per instructor. Instructors share classrooms, so this bond's cost per classroom could exceed $10,000,000. No amount of technology upgrades could be worth that price, especially if they're obsolete decades before this bond is paid off!

    It would be far cheaper and more convenient if Sierra College rented a few of the empty offices in Placer County that have already been upgraded with the most modern technology. Many students would also prefer online classes and lower taxes.

    VOTE NO on Measure E. We cannot afford it!

    Thomas N. Hudson,
    Executive Director California Taxpayer Protection Committee

    Debra Jackson,
    Former Chairman Placer Tea Party

    Ed Rowen,
    President Placer County Republican Assembly

    Dan Sokol,
    Past President League of Placer County Taxpayers

    Jean Pagnone,
    Treasurer Placer County Taxpayers Association

    Sacramento County

    REBUTTAL TO ARGUMENT IN FAVOR OF MEASURE E

    Measure E is the largest property tax increase in Sierra College's history, but the proponents don't even mention that. How stupid do they think you are? With interest, Measure E will cost taxpayers well over $700,000,000 – at a time when tax revenues are already breaking previous records.

    Measure E is unnecessary, unaffordable, and irresponsible. The technology upgrades and facilities improvements funded by this bond will be obsolete and needing replacement long before it is paid off – and then they will demand yet another tax increase. Now is the time to say NO MORE! Tell them to live within their means and stop raising taxes.

    The gigantic size of this bond is difficult to comprehend, but we will try to illustrate it: Paying off $700,000,000 in principal and interest will cost taxpayers well over $3,200,000 for each full-time faculty member. If you also include part-time faculty members who teach as little as three hours per week, it is still over $800,000 per instructor. Instructors share classrooms, so this bond's cost per classroom could exceed $10,000,000. No amount of technology upgrades could be worth that price, especially if they're obsolete decades before this bond is paid off!

    It would be far cheaper and more convenient if Sierra College rented a few of the empty offices in Placer County that have already been upgraded with the most modern technology. Many students would also prefer on-line classes and lower taxes.

    VOTE NO on Measure E. We cannot afford it!

    s/Jorge Riley
    President, Sacramento Republican Assembly

    s/Thomas N. Hudson
    Executive Director, California Taxpayer Protection Committee

      Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

    Argument Against Measure E

    ME3

    ARGUMENT AGAINST MEASURE E

    Measure E is a MASSIVE PROPERTY TAX INCREASE that we cannot afford. This enormous tax increase comes at a time when tax revenues and government spending have broken all previous records. The last thing we need is higher taxes and more debt!

    (Proposition 13 will not protect us from this tax increase if voters approve it.)

    It is immoral and reckless to leave our children and grandchildren burdened with irresponsible debt for deferred maintenance and technology upgrades that should have been funded with current revenues. The technology upgrades that this bond will supposedly fund will be obsolete long before the bond debt is paid off.

    Today's Sierra College students will still be paying for this extravagant bond long after their own children have graduated. This is fiscally irresponsible!

    The college officials behind this bond have created a misleading list of construction projects that might be funded by this bond, but the legally-binding fine print says they cannot guarantee that everything listed will be completed. These officials admit that some projects may require matching state funds, but they already know that no state funds have been approved for this purpose. Don't be fooled again by this dishonest bait-and-switch routine!

    Remember that bonds increase property taxes on homeowners, while indirectly increasing monthly rent for renters. Higher property taxes hurt everyone. Once issued, bonds can never be cancelled. Bonds can only be repaid ... with interest.

    VOTE NO on Measure E. We cannot afford this enormous bond!

    Thomas N. Hudson,
    Executive Director California Taxpayer Protection Committee

    Jean Pagnone,
    Treasurer of the Placer County Taxpayers Association

    Ed Rowen,
    President Placer County Republican Assembly

    Dan Sokol,
    Past President League of Placer County Taxpayers

    Debra Jackson,
    Former Chairman Placer Tea Party

    El Dorado County

    NO ARGUMENTS AGAINST THIS MEASURE WERE SUBMITTED

    Sacramento County

    ARGUMENT AGAINST MEASURE E

    Measure E is a MASSIVE PROPERTY TAX INCREASE that we cannot afford. This enormous tax increase comes at a time when tax revenues and government spending have broken all previous records. The last thing we need is higher taxes and more debt!

    (Proposition 13 will not protect us from this tax increase if voters approve it.)

    It is immoral and reckless to leave our children and grandchildren burdened with irresponsible debt for deferred maintenance and technology upgrades that should have been funded with current revenues. The technology upgrades that this bond will supposedly fund will be obsolete long before the bond debt is paid off.

    Today's Sierra College students will still be paying for this extravagant bond long after their own children have graduated. This is fiscally irresponsible!

    The college officials behind this bond have created a misleading list of construction projects that might be funded by this County of Sacramento www.elections.saccounty.net
    Ballot Type 001 Page 7
    bond, but the legally-binding fine print says they cannot guarantee that everything listed will be completed.

    These officials admit that some projects may require matching state funds, but they already know that no state funds have been approved for this purpose. Don't be fooled again by this dishonest bait-and-switch routine!

    Remember that bonds increase property taxes on homeowners, while indirectly increasing monthly rent for renters. Higher property taxes hurt everyone. Once issued, bonds can never be cancelled. Bonds can only be repaid… with interest.

    VOTE NO on Measure E. We cannot afford this enormous bond!

    s/Jorge Riley
    President, Sacramento Republican Assembly

    s/Thomas N. Hudson
    Executive Director, California Taxpayer Protection Committee

      Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

    Rebuttal to Argument Against Measure E

    REBUTTAL TO THE ARGUMENT AGAINST MEASURE E

    DON'T BE FOOLED! Measure E is NOT a "massive property tax increase" as opponents claim.

    FACT: Measure E will cost just 1.7 cents per $100 of assessed value - that's less than $5 per month for the average homeowner.

    FACT: TAXPAYERS SUPPORT Measure E because it prohibits the state from taking the funds and spending them elsewhere.

    FACT: TAXPAYERS SUPPORT Measure E because it requires annual audits and citizen/taxpayers oversight of how funds are spent.

    FACT: Measure E funds will help build a new Public Safety Center, Science Building, Instructional Building and Veterans Center, build and improve facilities for job training in technology, engineering, nursing and health sciences.

    FACT: Measure E funds will also be spent to upgrade older buildings - some of which are 60 years old - to current codes and standards to permit their continued use. That's good conservative stewardship!

    The last bond measure passed for Sierra College was in 1957 when it had less than 1,500 students. Today over 22,000 local students are being educated at Sierra College, many in 60-year-old buildings that need to be repaired and upgraded to meet current standards and safety codes.

    Many of our local Nurses, Firefighters, Police and Sheriffs are trained at Sierra College, as are thousands of Veterans looking to re-enter the workforce after their service. At a cost of less than $5 per month, Measure E keeps Sierra College as an affordable choice for local students seeking a college education.

    VOTE YES on E!

    Lewis K. Uhler,
    President, National Tax Limitation Committee

    Eric Sanchez,
    President, League of Placer County Taxpayers

    Sacramento County

    REBUTTAL TO ARGUMENT AGAINST MEASURE E

    DON'T BE FOOLED! Measure E is NOT a "massive property tax increase" as opponents claim.

    FACT: Measure E will cost just 1.7 cents per $100 of assessed value – that's less than $5 per month for the average homeowner.

    FACT: TAXPAYERS SUPPORT Measure E because it prohibits the state from taking the funds and spending them elsewhere.

    FACT: TAXPAYERS SUPPORT Measure E because it requires annual audits and citizen/taxpayers oversight of how funds are spent.

    FACT: Measure E funds will help build a new Public Safety Center, Science Building, Instructional Building and Veterans Center, build and improve facilities for job training in technology, engineering, nursing and health sciences.

    FACT: Measure E funds will also be spent to upgrade older buildings – some of which are 60 years old - to current codes and standards to permit their continued use. That's good conservative stewardship!

    The last bond measure passed for Sierra College was in 1957 when it had less than 1,500 students. Today over 22,000 local students are being educated at Sierra College, many in 60-year-old buildings that need to be repaired and upgraded to meet current standards and safety codes.

    Many of our local Nurses, Firefighters, Police and Sheriffs are trained at Sierra College, as are thousands of Veterans looking to re-enter the workforce after their service. At a cost of less than $5 per month, Measure E keeps Sierra College as an affordable choice for local students seeking a college education.

    VOTE YES on E!

    s/Scott Leslie
    Trustee, Area 3 Sierra College

    s/Lewis K. Uhler
    President, National Tax Limitation Committee

      Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

    Full Text of Measure E

    B-1
    DOCSSF/128467v14/022000-0001

    EXHIBIT B

    FULL TEXT BALLOT PROPOSITION
    SIERRA JOINT COMMUNITY COLLEGE DISTRICT
    BOND MEASURE ELECTION JUNE 5, 2018

    "SIERRA COLLEGE IMPROVEMENT MEASURE. To bring older buildings to code/standards for continued use, improve workforce job training facilities to affordably prepare, train/retrain students/veterans for quality jobs, repair, construct, acquire classrooms, facilities, equipment, shall Sierra Joint Community College District issue $350,000,000 in bonds, at legal rates, levy/collect on average 1.7 cents/$100 assessed value ($18,000,000 annually) while bonds are outstanding, with independent citizen/taxpayer oversight/audits, no money for administrator salaries/pensions, all funds used locally?"

    Bonds – Yes Bonds – No

    PROJECTS

    The Board of Trustees of the Sierra Joint Community College District, to be responsive to the needs of its community, evaluated Sierra College's Rocklin Campus' older buildings and critical facility needs, and its capacity to provide students, military Veterans with support and job training facilities, and an affordable education to prepare them for success in college and careers. Veteran's support, job training and college transfer facilities, safety issues, class size and offerings, and information and computer technology were each considered in developing the scope of projects to be funded. In developing the scope of projects, basic repairs, workforce job training facilities, campus safety, facilities supporting Veterans, and the expansion of opportunities for local students to receive an affordable, quality education, were prioritized. If these facility needs are not addressed now, Sierra College would be unable to remain competitive in preparing students for jobs in high demand industries and university transfer. The Board of Trustees determines that Sierra College MUST:

    1. (i) Bring old buildings up to code and current standards so that they can continue to be used for training our students;
    2. (ii) Increase opportunities for local students to earn college credits, certifications and job skills at reasonable prices and transfer to four-year colleges and universities;
    3. (iii) Continue to provide essential job training and workforce preparation for students of all ages in police, fire, nursing, paramedic, science and technology;
    4. (iv) ENSURE THAT ALL MONEY RAISED BY THIS MEASURE WILL STAY IN OUR LOCAL COMMUNITY TO SUPPORT LOCAL STUDENTS, AND CANNOT BE TAKEN AWAY BY THE STATE OR USED FOR OTHER PURPOSES;
    5. (v) PROVIDE A COST-EFFECTIVE HIGHER EDUCATION FOR LOCAL STUDENTS;
    6. (vi) Adhere to stringent fiscal accountability safeguards including:
      1. (a) All expenditures will be subject to annual independent financial audits,
      2. (b) No funds will be used for administrators' salaries and pensions,
      3. B-2
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      4. (c) An independent citizens' oversight committee will be appointed to ensure that all funds are spent only as authorized.

    The following types of projects are authorized to be undertaken at each of the District's locations:

    PROJECTS WHICH:

    PROVIDE AN AFFORDABLE EDUCATION FOR LOCAL RESIDENTS:

    Upgrade Older Buildings Needed To Provide Workforce Job Training and Education

    • • Upgrade older buildings to current codes and standards to permit their continued use.
    • • Upgrade 50 year-old aging infrastructure, including deteriorating electrical, plumbing, heating, ventilation, and mechanical systems as important safety repairs and upgrades.
    • • Upgrade technology.
    • • Expand and retrofit older buildings to bring them up to current code and safety standards.
    • • Repair aging facilities to extend their useful life.
    • • Build new Public Safety Center, Science Building, Instructional Building.
    • • Provide facilities for students who want workforce training right after high school or want to learn new skills later in life.

    PROVIDE JOB TRAINING, COLLEGE TRANSFER AND VETERAN SUPPORT:

    Classroom Improvements To Help Students Transfer to Four-Year Universities

    • • Construct/expand classroom space for local high school students to earn an associate's degree along with a high school diploma, to better prepare them for college and save time and money.
    • • Build a joint California State University – Sierra College facility on donated land in West Placer so students can earn a 4-year degree close to home.
    • • Update classrooms and science labs to equip students with advanced skills they need to compete in high demand fields, including science, technology, engineering, math (STEM) and medicine.
    • • Improve facilities designed for increasing collaborations with private and public employers for fulfill local job training and placement needs.
    • • Update classrooms for job training in technology, engineering, nursing and health sciences.
    • • Update classrooms and labs and science facilities using energy efficient measures and materials to reduce utility costs.

    * * *

    B-3
    DOCSSF/128467v14/022000-0001

    FISCAL ACCOUNTABILITY

    This bond measure has strict accountability requirements including:

    1. All money will benefit the Sierra College campus and local students and CANNOT BE TAKEN BY THE STATE.

    2. NO MONEY can be used for ADMINISTRATOR SALARIES or pensions.

    3. Require CITIZENS' OVERSIGHT and yearly audits to ensure all funds are used locally, effectively and as promised.

    4. NO ADMINISTRATOR SALARIES. Proceeds from the sale of the bonds authorized by this proposition shall be used only for the acquisition, construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, and not for any other purpose, including teacher, faculty and college administrator salaries, pensions and other operating expenses.

    5. FISCAL ACCOUNTABILITY. THE EXPENDITURE OF BOND MONEY ON THESE PROJECTS IS SUBJECT TO STRINGENT FINANCIAL ACCOUNTABILITY REQUIREMENTS. BY LAW, PERFORMANCE AND FINANCIAL AUDITS WILL BE PERFORMED ANNUALLY, AND ALL BOND EXPENDITURES WILL BE MONITORED BY AN INDEPENDENT CITIZENS' OVERSIGHT COMMITTEE TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED. THE CITIZENS' OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATION OF A BONA FIDE TAXPAYERS ASSOCIATION, A BUSINESS ORGANIZATION AND A SENIOR CITIZENS ORGANIZATION. NO DISTRICT EMPLOYEES OR VENDORS ARE ALLOWED TO SERVE ON THE CITIZENS' OVERSIGHT COMMITTEE.

    The listed projects will be completed as needed. Each project is assumed to include its share of furniture, equipment, architectural, engineering, and similar planning costs, program/project management, a customary contingency, and costs associated with the Total Cost of Ownership of facilities and equipment. In addition to the listed projects stated above, authorized projects also include the acquisition of a variety of instructional, maintenance and operational equipment, including interim funding incurred to advance fund projects from payment of the costs of preparation of all facility planning, fiscal reporting, 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 college activities caused by construction projects. In addition to the projects listed above, repair, renovation and construction projects may include, but not be limited to, some or all of the following: renovation of student and staff restrooms; replace aging electrical and plumbing systems; repair and replacement of heating, ventilation and air conditioning systems; upgrade of facilities for energy efficiencies, including photovoltaic/solar installations; repair and replacement of worn-out roofs, windows, walls, doors and drinking fountains; replace or remove outdated buildings and classrooms and construction of new classrooms and support buildings; installation of wiring and electrical systems to safely accommodate computers, technology and other electrical devices and needs; upgrade facilities to meet earthquake safety standards, current environmental sustainability and State compliance standards; repair and replacement of fire alarms, emergency communications and security systems; upgrade classrooms; build or upgrade facilities; construct, expand or reconfigure facilities to create university center, lecture classrooms; construct parking lots/parking garage(s), upgrade, resurfacing and reconditioning existing parking lots; improve vehicular access and traffic B-4
    DOCSSF/128467v14/022000-0001
    circulation; improve pathways, such as sidewalks, pedestrian bridge, traffic center, courtyards; improve drop-off zones; repair, upgrade and install interior and exterior lighting systems; replace water lines and valves, gas and sewer lines and other plumbing systems; construct, upgrade, replace, acquire or expand multi-use classrooms and labs, science building, fine arts and visual and performing arts facilities, learning resources center, maintenance yard, public safety center, support buildings, student service/campus center and instructional buildings, resource center, libraries, student services buildings; refinance outstanding lease obligations; improve water conservation and energy efficiency; replace or upgrade outdated security and safety systems; replace existing window systems with energy-efficient systems to reduce costs; improve insulation, weatherproofing and roofs to reduce costs; improve access for the disabled; install and repair fire safety equipment, including alarms, smoke detectors, sprinklers, emergency lighting, and fire safety doors; replace broken concrete walks, deteriorated asphalt; replace/upgrade existing signage, bells and clocks; demolition of unsafe facilities; install new security systems, such as security (surveillance) cameras, burglar alarms, handrails, outdoor lighting, fencing, gates and classroom door locks; create outdoor study and gathering spaces; interior and exterior painting, wall and floor covering replacement; improve drainage systems to prevent flooding; upgrade roadway and pedestrian paths for improved safety and access for emergency vehicles, site parking, utilities and grounds. The project list also includes the refinancing of outstanding lease obligations. The upgrading of technology infrastructure includes, but is not limited to, upgrading classroom technology, expanding wireless internet access, acquire portable interface devices, servers, switches, routers, modules, sound projection systems, information systems, printers, digital white boards, upgrade voice-over-IP, communication systems, audio/visual and telecommunications systems, call manager and network security/firewall, Internet connectivity, wireless systems, technology infrastructure, and other miscellaneous IT and instructional equipment, DATA storage, fiber/copper infrastructure, phones, identity access cards and the creation. The Project List includes the construction of buildings for general education classrooms, chemistry and biotechnology, allied health, arts/media services, engineering, math, technology and applied sciences, and the renovation of facilities for student services, business and workforce development, biology and related sciences.

    The allocation of bond proceeds may be affected by the District's receipt of State matching funds and the final costs of each project. Some projects may be undertaken as joint use projects in cooperation with other local public or non-profit agencies. 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 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. 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.

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    Measure E Tax Rate Statement

    TAX RATE STATEMENT PREPARED BY THE DISTRICT

    TAX RATE STATEMENT REGARDING PROPOSED
    $350,000,000 SIERRA JOINT COMMUNITY COLLEGE
    DISTRICT SCHOOL FACILITIES IMPROVEMENT
    DISTRICT NO. 4 (ROCKLIN AREA CAMPUS)
    GENERAL OBLIGATION BONDS

    An election will be held in the Sierra Joint Community College District School Facilities Improvement District No. 4 (Rocklin Area Campus) (the "District") on June 5, 2018, to authorize the sale of up to $350,000,000 in bonds of the District to finance improvements to educational 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 $0.017 per $100 of assessed valuation (or $17 per $100,000 of assessed value).
    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 $0.017 per $100 of assessed valuation (or $17 per $100,000 of assessed value). It is estimated that such rate would be levied starting in fiscal year 2018-19 and following.
    3. 3. The best estimate of the tax rate that would be required to be levied to fund the bonds during the last fiscal year after the last sale of the bonds, based on estimated assessed valuations available at the time of filing of this statement, is $0.017 per $100 of assessed valuation ($17 per $100,000 of assessed valuation) in fiscal year 2058-59.
    4. 4. 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 $685 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.

    By: William H. Duncan, IV
    Superintendent/President
    Sierra Joint Community College District

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    Measure E Agenda Description

    Agenda of January 9, 2018 (complete item)

    January Board Meeting
    Tuesday, January 9, 2018
    BOARD AGENDA
    SIERRA JOINT COMMUNITY COLLEGE DISTRICT
    Regular Meeting of the Board of Trustees
    PLEASE NOTE MEETING LOCATION:
    Sierra College – Rocklin Campus, Rooms LR-133 & LR-201
    5100 Sierra College Blvd, CA 95677 Phone: (916) 660-7003
    5.2 Resolution 2018-02, Resolution of the Board of Trustees of The Sierra Joint Community College District Acting As The Legislative Body of The Sierra Joint Community College District School Facilities Improvement District No. 4 (Rocklin Area Campus) Ordering An Election, And Establishing Specifications of The Election Order

    Agenda Item Details

    Meeting
    Jan 09, 2018 - January Board Meeting
    Category
    ACTION ITEMS
    Subject
    Resolution 2018-02, Resolution of the Board of Trustees of The Sierra Joint Community College District Acting As The Legislative Body of The Sierra Joint Community College District School Facilities Improvement District No. 4 (Rocklin Area Campus) Ordering An Election, And Establishing Specifications of The Election Order
    Type
    Action
    Recommended Action
    It is recommended that the Board approve Resolution No. 2018-02 authorizing a bond election for June 5, 2018.


    BACKGROUND

     

    The resolution before the Board calls an election within the District for the purpose of approving general obligation bonds, requests that the Registrars of Voters for each of El Dorado, Placer and Sacramento Counties conduct the election on behalf of the District, and authorizes the preparation of election materials, including ballot arguments and tax rate statements, to be included in the ballot pamphlet.

     

    State law requires the Board of Trustees to order community college district bond elections. Each Registrar of Voters will conduct the election on behalf of the District, including publishing all required notices. This resolution meets the statutory requirements for describing the projects to be funded with the proceeds of the bonds, which is included as Exhibit B to the resolution. A 75-word summary of the measure, as it will appear on the ballot, is also included in the resolution as Exhibit A. The resolution also authorizes the preparation and filing of a tax rate statement, which must be included in the ballot pamphlet and describes the anticipated rates of tax throughout the life of the bond issue. The resolution also authorizes, but does not commit, the Board and/or individual members of the Board to prepare and sponsor a ballot argument in support of the bond measure. No more than five (5) persons may sign the ballot argument.

     

    This election will be called under constitutional and statutory provisions that require fifty-five percent (55%) voter approval, and certain accountability requirements, including annual independent financial and performance audits of how funds are spent, and the formation of a Citizens’ Bond Oversight Committee. Following adoption, the resolution (including the signed tax rate statement) must be delivered to the Registrars of Voters and the Boards of Supervisors for each El Dorado, Placer and Sacramento Counties. State law requires that 2/3rd of a college board support the resolution calling an election requiring 55% voter approval. At least five (5) Board members must vote “Yes” in order to call the election.




    Motion & Voting

    It is recommended that the Board approve Resolution No. 2018-02 authorizing a bond election for June 5, 2018.

    Motion by Carol Garcia, second by Paul Bancroft.
    Final Resolution: Motion Carried
    Aye: Student Trustee Advisory Vote-Nooria Munir, Paul Bancroft, Cari Dawson Bartley, Carol Garcia, Scott Leslie, Nancy Palmer, Bob Romness, Bob Sinclair

      Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Agenda    Resolution  

    Measure E Resolution

    FINAL ADOPTION COPY
    DOCSSF/128467v14/022000-0001

    RESOLUTION NO. 2018-02

    RESOLUTION OF THE BOARD OF TRUSTEES OF THE SIERRA
    JOINT COMMUNITY COLLEGE DISTRICT ACTING AS THE
    LEGISLATIVE BODY OF THE SIERRA JOINT COMMUNITY
    COLLEGE DISTRICT SCHOOL FACILITIES IMPROVEMENT
    DISTRICT NO. 4 (ROCKLIN AREA CAMPUS) ORDERING AN
    ELECTION, AND ESTABLISHING SPECIFICATIONS OF THE
    ELECTION ORDER

    WHEREAS, Sierra College is an essential community resource and provides the most affordable higher education and job training to local students in our area entering the workforce or training for new professions; and

    WHEREAS, Sierra College is an essential part of the local economy, as leading local employers rely on the college's specialized training programs to train local workers in public safety, science, nursing, child development, welding, building trades, technology and other industries; and

    WHEREAS, the Board of Trustees (the "Board") of the Sierra Joint Community College District (the "District"), has determined that certain educational facilities need to be constructed, renovated, acquired and equipped, in a fiscally prudent manner, to enable the District to maintain Sierra College as valuable community resource that provides an affordable education to students who desire to learn job skills and transfer to four-year universities; and

    WHEREAS, when Sierra College's main campus opened 56-years ago, it served only 1,500, whereas currently it serves 24,000 full and part-time students, compelling the Board to act to meet the demands of a growing student population; and

    WHEREAS, the State is not providing the District with enough money for the District to adequately maintain Sierra College's Rocklin Campus educational facilities and academic programs; and

    WHEREAS, the Board has received information regarding the feasibility of a local bond measure and the District's bonding capacity; and

    WHEREAS, a local measure will provide funds that cannot be taken away by the State to support local college transfer and job training; and

    WHEREAS, a local measure will make the District eligible to receive State matching funds; and

    WHEREAS, such a local measure will include mandatory taxpayer protections, including an independent citizens' oversight of all funds and mandatory annual financial audits to ensure funds are spent only as authorized; and

    WHEREAS, the Board and District has solicited stakeholder and community input on priorities from students, faculty, staff, business and civic leaders, and the community; and

    WHEREAS, in the judgment of the Board, it is advisable to provide additional funding for job training and workforce preparation for students of all ages, veterans and local residents and to 2
    DOCSSF/128467v14/022000-0001
    improve facilities for course opportunities in technical vocational careers, by means of a general obligation bond issued in a financially prudent manner; and

    WHEREAS, on November 7, 2000, the voters of California approved the Smaller Classes, Safer Schools and Financial Accountability Act ("Proposition 39") which reduced the voter threshold for ad valorem tax levies used to pay for debt service or bonded indebtedness to 55 percent of the votes cast on a community college district general obligation bond; and

    WHEREAS, concurrent with the passage of Proposition 39, Chapter 1.5, Part 10, Division 1, Title 1 (commencing with Section 15264) of the Education Code (the "Act") became operative and established requirements associated with the implementation of Proposition 39; and

    WHEREAS, the Board desires to make certain findings herein to be applicable to this election order and to establish certain performance audits, standards of financial accountability and citizen oversight which are contained in Proposition 39 and the Act; and

    WHEREAS, the Board determines that, in accordance with Opinion No. 04-110 of the Attorney General of the State of California, the restrictions in Proposition 39, which prohibit any bond money to be used for administrator salaries and other operating expenses of the District shall be strictly monitored by the District's Citizens' Oversight Committee; and

    WHEREAS, pursuant to Education Code Section 15270, based upon a projection of assessed property valuation, the Board has determined that, if approved by voters, the tax rate levied to meet the debt service requirements of the bonds proposed to be issued will not exceed the Proposition 39 limits per year per $100,000 of assessed valuation of taxable property; and

    WHEREAS, Elections Code Section 9400 et seq. requires that a tax rate statement be contained in all official materials, including any ballot pamphlet prepared, sponsored or distributed by the District, relating to the election; and

    WHEREAS, the Board now desires to authorize the filing of a tax rate statement and ballot argument in favor of the proposition to be submitted to the voters at the election; and

    WHEREAS, pursuant to the Elections Code, it is appropriate for the Board to request consolidation of the election with any and all other elections to be held on June 5, 2018, and to request that each of the Placer County, El Dorado County and Sacramento County Registrars of Voters, respectively, perform certain election services for the District; and

    WHEREAS, in the judgment of the Board, it is advisable to request each of the Placer County, El Dorado County and Sacramento County Registrars of Voters, respectively, to call an election pursuant to Proposition 39 on the question of whether general obligation bonds shall be issued and sold on behalf of the District for purposes set forth below.

    NOW THEREFORE, THE BOARD OF TRUSTEES OF THE SIERRA JOINT COMMUNITY COLLEGE DISTRICT ACTING AS THE LEGISLATIVE BODY OF THE SIERRA JOINT COMMUNITY COLLEGE DISTRICT SCHOOL FACILITIES IMPROVEMENT DISTRICT NO. 4 (ROCKLIN AREA CAMPUS) DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

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    DOCSSF/128467v14/022000-0001

    Section 1. That the Board, pursuant to Education Code Sections 15100 et seq., Sections 15264 et seq. and Government Code Section 53506, hereby requests the Placer County Registrar of Voters to call an election under the provisions of Proposition 39 and the Act and submit to the electors of the District the question of whether bonds of the District in the aggregate principal amount of $350,000,000 (the "Bonds") shall be issued and sold to raise money for the purposes described in Exhibits "A" and "B" hereto. Both exhibits are directed to be printed in the voter sample ballot pamphlet.

    Section 2. That the date of the election shall be June 5, 2018.

    Section 3. That the purpose of the election shall be for the voters in the District to vote on a proposition, a copy of which is attached hereto and marked Exhibit "A" and incorporated by reference herein, containing the question of whether the District shall issue the Bonds to pay for improvements to the extent permitted by such proposition. In compliance with Proposition 39 and the Act, the ballot proposition in Exhibit "A" is subject to the following requirements and determinations:

    1. (a) the proceeds of the sale of the Bonds shall only be used for the purposes set forth in the ballot measure and not for any other purpose, including faculty and administrator salaries and other college operating expenses;
    2. (b) that the Board, in compliance with Proposition 39, and in establishing the projects set forth in Exhibit "B", evaluated college affordability, safety, university transfer, job training, enrollment trends, class size reduction, class availability, information technology and technical job training facilities of the District;
    3. (c) that the Board will cause to be conducted an annual, independent performance audit to ensure that the Bond moneys get expended for the projects identified in Exhibits "A" and "B" hereto;
    4. (d) that the Board will cause an annual, independent financial audit of the proceeds from the sale of Bonds to be conducted until all of the Bond proceeds have been expended and accounted for;
    5. (e) that the Board will cause the appointment of a Citizens' Oversight Committee in compliance with Education Code Section 15278 no later than 60 days after the Board enters the election results in its minutes pursuant to Education Code Section 15274. The Citizens' Oversight Committee shall initially consist of at least seven (7) members and at no time consist of less than seven (7) members, with the possible exception of brief periods to fill any unexpected vacancies. The Citizens' Oversight Committee may not include any employee or official of the District or any vendor, contractor or consultant of the District. The Citizens' Oversight Committee shall include all of the following: One (1) member who is active in a business organization representing the business community located within the District; One (1) member who is active in a senior citizens' organization; One (1) member who is active in a taxpayers association. In furtherance of its specifically enumerated purposes, the Citizens' Oversight Committee may engage in any of the following activities relating solely and exclusively to the expenditure of the Proposition 39 bond proceeds:
    6. 4
      DOCSSF/128467v14/022000-0001
      1. (i) Receive and review copies of the annual, independent financial and performance audits performed by independent consultant(s);
      2. (ii) Inspect District facilities and grounds to ensure that Proposition 39 bond revenues are expended in compliance with applicable law;
      3. (iii) Receive and review copies of all scheduled maintenance proposals or plans developed by the District;
      4. (iv) Review efforts of the District to maximize Proposition 39 bond revenues by implementing cost-saving programs; and
    7. (f) that the tax levy authorized to secure the bonds of this election shall not exceed the Proposition 39 limits per $100,000 of taxable property in the District when assessed valuation is projected by the District to increase in accordance with Article XIIIA of the California Constitution.

    Section 4. That the authority for ordering the election is contained in Education Code Sections 15100 et seq., 15340 et seq. and 15264 et seq. and Government Code Section 53506.

    Section 5. That the authority for the specifications of this election order is contained in Education Code Section 5322.

    Section 6. That the respective Placer County, El Dorado County and Sacramento County Registrars of Voters and, the respective Placer County, El Dorado County and Sacramento County Boards 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, and pursuant to Elections Code Section 10403, the District acknowledges that the consolidation election will be held and conducted in the manner described in Elections Code Section 10418.

    Section 7. That this Resolution shall stand as the "order of election" to each of the Placer County, El Dorado County and Sacramento County Registrars of Voters to call an election within the boundaries of the District on June 5, 2018.

    Section 8. That the Secretary of the Board is hereby directed to send a certified copy of this Resolution to each of the Placer County, El Dorado County and Sacramento County Registrars of Voters no later than February 2, 2018.

    Section 9. That the bonds shall be issued pursuant to Education Code Section 15300 et seq. or issued pursuant to Government Code Section 53506. The maximum rate of interest on any bond shall not exceed the maximum rate allowed by Education Code Sections 15140 to 15143, as modified by Government Code Section 53531. The Board approves the filing of a Tax Rate Statement and primary and rebuttal arguments, as appropriate, and directs their publication in accordance with the requirements of the Elections Code.

    Section 10. That the Board requests the governing body of any such other political subdivision, or any officer otherwise authorized by law, to partially or completely consolidate such election and to further provide that the canvass be made by any body or official authorized by law to canvass the returns of the election, and that the Board consents to such consolidation.

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    DOCSSF/128467v14/022000-0001

    Section 11. Pursuant to Education Code Section 5303 and Elections Code Section 10002, each of the Placer County, El Dorado County and Sacramento County Boards of Supervisors are requested to permit their respective Registrar of Voters to render all services specified by Elections Code Section 10418, for which services the District agrees to reimburse each of Placer County, El Dorado and Sacramento 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) pursuant to the terms of Education Code Section 5363 and Elections Code Section 12112.

    ADOPTED, SIGNED AND APPROVED this 9th day of January, 2018.

    BOARD OF TRUSTEES OF THE SIERRA JOINT
    COMMUNITY COLLEGE DISTRICT ACTING AS
    THE LEGISLATIVE BODY OF THE SIERRA
    JOINT COMMUNITY COLLEGE DISTRICT
    SCHOOL FACILITIES IMPROVEMENT
    DISTRICT NO. 4 (ROCKLIN AREA CAMPUS)

    By
    President, Board of Trustees

    Attest:

    William H. Duncan, IV, Secretary

    6
    DOCSSF/128467v14/022000-0001

    STATE OF CALIFORNIA )
    )ss
    PLACER COUNTY )

    I, William H. Duncan, IV, do hereby certify that the foregoing is a true and correct copy of Resolution No. 2018-02 which was duly adopted by the Board of Trustees of the Sierra Joint Community College District at meeting thereof held on the 9th day of January, 2018, and that it was so adopted by the following vote:

    AYES:

    NOES:

    ABSENT:

    ABSTENTIONS:

    By
    William H. Duncan, IV, Superintendent President

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