Vote Yes on San Mateo County Measure M - 2018 primary Election
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  Welcome    Question    Analysis    Argument in Favor    Rebuttal in Favor    Argument Against    Rebuttal Against    Full Text    Tax Rate    Resolution  

Welcome to the Yes No on Measure M 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.

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Measure M Question

EXHIBIT A

BALLOT LABEL

To update classrooms and science labs in local schools; perform essential safety repairs; ; equip classrooms with 21st-century learning technology; replace aging heating/plumbing; and construct/equip classrooms, shall Cabrillo Unified School District issue $99,000,000 in bonds, at legal interest rates, raising the amount needed each year to repay bonds while outstanding, at an estimated rate of $52 per $100,000 of assessed value, with , annual audits, , and all funds staying local?

Bonds Yes _______ Bonds No ________

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Impartial Analysis for Measure M

Impartial analysis / Proposal

The California Constitution and Education Code authorize a school district to issue bonds for specified purposes if issuance of the bonds is approved at an election by 55% of those voting on it.

The Board of Trustees of the Cabrillo Unified School District ("District") proposes this measure which would authorize the District to issue bonds in a principal amount not to exceed $99 million. The bonds would have an interest rate not exceeding the legal maximum and will be repaid within the time permitted by law. The Tax Rate Statement printed in this pamphlet contains the District's best estimates of tax rates required to service the bond debt during the life of the bonds. The District's best restimate of the average annual tax rate levy to fund this bond is $52.00 per $100,000 of assessed valuation. This means that a property assessed at $800,000 would likely have an annual tax obligation of $416 under this measure. The District estimates that the total amount repyable during the life of the bond, including principal and interest, will be approximately $194 million.

The California Constitution requires the listing of specific projects to be funded from the bond revenue and certification that the Board of Trustees has evaluated safety, class size reduction, and information technology needs in the development of that list. The Bond Project List can be found in the full text of the measure and includes among other projects:

  1. * acquiring, renovating, repairing, and updating classrooms and other facilities to meet fire, seismic, and safety standards:
  2. * fixing leaky or deteriorating roofs, painting buildings, upgrading playgrounds and athletic facilities, and improving landscapes;
  3. * replacing aging infrastructure such as heating, plumbing, and electrical;
  4. * equipping classrooms with 21st century learning technology; and
  5. * providing dedicated space for science, math, engineering, arts, and music.

The measure authorizes equipment acquisition, upgrades, repairs, services, construction, and other items related to the listed projects. Projects are authorized at all District locations. The Bond Project List does not imply a specific prioritization among the projects, and should be reviewed for further details.

No proceeds from the bonds shall be used for teacher or administrator salaries or operating expenses.

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

A "Yes" vote on this measure would authorize the District to issue bonds in a principal amount not to exceed $99 million for the purposes listed in the project list.

A "No" vote wound prevent the District from issuing the bonds.

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

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Argument in Favor of Measure M

Arguments FOR

Vote YES on Measure M to repair and improve our aging local elementary, middle, and high schools and ensure all Coastside students receive a 21st-century education.

While some of our schools in Cabrillo Unified School District have been updated, many are over 50 years old and in serious need of repairs and updates to meet today's academic and safety standards.

Measure M will provide a dedicated local source of funding to support a safe and modern learning environment for our elementary and middle school students.

Providing a high quality education relies on excellent teachers and staff, and Measure M will ensure all schools have updated classrooms, science labs, computer and learning technology to attract the best teachers to our community. We need Measure M to help prepare our students for success in college and their future careers.

Vote YES on Measure M to:

  1. * replace leaky roofs
  2. * keep schools clean, well maintained, and in good condition;
  3. * perform essential safety repairs and maintenance on classrooms and facilities
  4. * Update classrooms and science labs
  5. * Upgrade fire and earthquake safety
  6. * Equip classrooms with 21st-century learning technology

Measure M requires strict fiscal accountability:

  1. * Local control ensures every penny of Measure M goes directly to local classrooms and school facilities - no money could be taken by the State
  2. * Independent citizen oversight and annual audits required
  3. * No funding could ever be used for administrators' salaries or pensions

We are fortunate to live in an area that supports our Coastside schools, helping keep our community a desirable place to live. Even if you do not have school-age children, protecting the quality of our schools and the quality of life in our community is a wise investment that helps keep our property values strong.

Join parents, teachers, and community leaders in the Coastside community in supporting our great local schools - Vote YES on M.

/s/ Lenny Mendoca,
local business owner

/s/ Naomi Patridge,
5 term Mayor of Half Moon Bay

/s/ Sandra Andreini,
local business owner

/s/ Jan Gray,
44-year Coastside realtor

/s/ John M. Parsons,
Certified Public Accountant

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Rebuttal to Argument in Favor of Measure M

Replies to Arguments FOR

From "leaky roofs" to "21st century technology", every single reason in the ballot argument for Measure M was claimed six years ago as a reason for Measure S. But these bonds take 25 or 40 years to pay off! How many payments of $81,000,000 or $99,000,000 will this school renovation take?

Where will this money go? Who knows? The Board of Education could spend it on the District Office or any school. Nothing guarantees any money reaches your school at all. In fact, your money might build one or more "community centers" instead of classrooms.

Why? Because Measure M contains a vague and broad "Project List" which makes no guarantees, just like Measure S contained. A real project description, for example, should say "build an elementary school for $1,000,000." However, these measure just list "computers", "cameras", or "community centers" which the Board of Education might buy with your money - or not. These measures look more like advertisements. They describe many wonderful things which your money might possibly buy, with tiny notes explaining the Board of Education can pick what, if anything, to undertake. Will they actually update your school at all?

Of course, the Board of Education might spend your $99,000,000 wisely. Perhaps you trust your current board members. But remember, there will be many elections before these bonds are fully paid.

On top of $81,000,000 from Measure S, the Board of Education of the Cabrillo Unified School District now wants another $99,000,000 bond. Will they buy "community centers", cameras, or computers with your money?

Vote No on Measure M.

/s/ Mark W.A. Hinkle,
President, Silicon Valley Taxpayers Association

/s/ Harland Harrison,
Chair, Libertarian Party of San Mateo County

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Argument Against Measure M

Arguments AGAINST

Voters already passed Measure S in 2012, authorizing $81,000,000 to "replace or repair leaky roofs" among many other promises. Why does Cabrillo Unified School District need $99,000,000 now, promising again to fix leaky roofs?

Measure M lists so many great things your borrowed money could buy: from modular buildings to computers in 7 schools. But Measure M does not make the Cabrillo Unified School District do all that. The fine print says there are no priorities and no project needs to be actually completed. Will any money rebuild your school? In fact, the only money spent could go for computers, which become obsolete in a few years but the taxpayers will be paying until 2050. All bond money should be used only for buildings and long lasting items, just like a mortgage.

Is this "Project List" a plan or an ad? Measure M even wrote an argument for itself into the law, sneaking more argument text into this ballot pamphlet. Unfair!

These bonds must be repaid by Ad Valorem property taxes. In California, the Ad Valorem taxes are very unequal. Some families must pay many times what neighbors pay for the very same floor plan. The tax collector does not care.

The real solution to government school financing has to come from Sacramento and amend the California Constitution.

Proponents probably told you that by passing Measure M your schools could be better than neighboring districts. That should never be. The 14th amendment guarantees equality; the Serrano-Priest case said government schools should be equal in California.

Is your school really as great as the Cabrillo Unified School District claims? When you want a better product, you shop for it. With government schools, there is only one "store", the school district. Schools will not get better until families have more choices.

Vote "No" on Measure M.

www.svtaxpayers.org/2018-cabrillo-bond

/s/ Mark W.A. Hinkle,
President, Silicon Valley Taxpayers Association

/s/ Harland Harrison,
Chair, Libertarian Party of San Mateo County

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Rebuttal to Argument Against Measure M

Replies to Arguments AGAINST

The author of the argument against Measure M does NOT live in our community - in fact, he lives over 60 miles away in a completely different county. He submits the same negative arguments for school districts throughout San Mateo County - and clearly hasn't bothered to understand our needs.

As Coastside residents, we know the FACTS about why we need to vote Yes on Measure M.

FACT: While some of our local schools were updated, others are nearly 50 years old and still require repairs. Measure M makes the urgent repairs Coastside schools need and ensures all schools are safe and in good condition.

FACT: Measure M includes a detailed bond project list that was developed by facilities experts, community members, staff, and parents. This comprehensive list clearly prioritizes school repairs and GUARANTEES all funding stays in local schools.

FACT: Local schools do NOT receive funds for facility improvements from the State. Waiting for politicians in Sacramento to solve this problem could take years. Our schools need updates now.

FACT: Our students can't succeed with severely outdated classrooms and technology labs. We need Measure M to ensure Coastside students can be part of the next wave of innovation in Silicon Valley and acquire modern skills to compete for tomorrow's careers.

FACT: The District will not finance technology with long-term bonds - not just because that's the responsible thing to do, it's the law.

By law, funds can never be used for administrators' salaries. Citizen oversight and annual audits are required.

Our community leaders agree - Vote YES on Measure M for Coastside schools.

/s/ Kate Livingston,
28 year Half Moon Bay resident\

/s/ Rose Serdy,
Past President, Coastside Hope

/s/ Kelly Hoffman-Davis,
Past President, Half Moon Bay Chamber of Commerce

/s/ Chris Dobbrow,
former member Measure E oversight committee

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Full Text of Measure M

EXHIBIT B

CABRILLO UNIFIED SCHOOL DISTRICT BOND PROPOSITION
FULL BALLOT TEXT

By approval of this measure by at least fifty-five percent (55%) of the registered voters voting thereon, the Cabrillo Unified School District shall be authorized to issue and sell bonds of up to $99 million in aggregate principal amount to provide financing for the specific school facilities projects listed below in the Bond Project List, subject to all of the accountability safeguards specified herein.

KEY FINDINGS

  • ? The Cabrillo Unified School District is committed to continuing to provide a strong, high-quality education for all students in all its local elementary, intermediate and high schools; and
  • ? Some Coastside schools have been updated, but others are nearly 50 years old and badly in need of improvements; and
  • ? In 2012, local voters approved a school facilities bond, Measure S, to provide the District with the opportunity to complete basic repairs to education facilities, and a ; and
  • ? Though Measure S funding from 2012 made a significant impact, our local schools still have urgent needs that reach beyond of the scope of the District's annual operating budget such that passing this bond measure provides a guaranteed and necessary source of local funding to maintain and improve the Coastside community's local school facilities; and
  • ? The District has conducted a project prioritization process with input from parents, teachers, staff, and members of the community to in order to meet modern safety standards, to meet the District's goals for supporting current academic standards and to address specific priorities at individual school sites; and
  • ? Addressing urgent needs includes completing identified repairs to replace leaky roofs, keep schools clean, well-maintained and in good condition, perform essential safety repairs and maintenance on classrooms and facilities and upgrade fire and earthquake safety; and
  • ? Upgrades are also needed to update classrooms and science labs for a well-rounded, 21st-century education and equip schools with the learning technology needed to attract and retain the best teachers and staff; and
  • ? Ensuring our Coastside schools provide a high-quality education keeps our property values and community strong; and
  • ? Unlike the District's parcel tax funds, which support the District's educational programs and staffing, bond revenue is the primary means by which the District is able to keep its

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    school buildings and classrooms in good repair, safe, designed and equipped to support changing educational standards, methods and approaches; and
  • ? This bond measure will benefit local schools and no funds can be taken away by the State or other school districts, and by law, no money can be used for administrator salaries or pensions; and
  • ? This bond measure requires strict fiscal accountability protections including mandatory annual audits and an independent citizens' oversight committee comprised of local residents to ensure funds are managed and spent properly.
  • ? Specifically, as further described in the Bond Project List, the Board of Education desires to:
    • o acquire, renovate, and update classrooms and other facilities to meet health & safety standards
    • o perform essential safety repairs and maintenance on classrooms and facilities
    • o fix leaky roofs, paint buildings, address playgrounds, athletic facilities and landscapes
    • o equip classrooms with 21st-century learning technology
    • o replace aging heating, plumbing, electrical, and other utility infrastructure
    • o keep schools clean, well-maintained and in good condition
    • o upgrade fire and earthquake safety
    • o acquire sites and construct, furnish, and equip classrooms and buildings

ACCOUNTABILITY MEASURES

The provisions in this section are included in this proposition in order that the voters and taxpayers of the District may be assured that their money will be spent to address specific facilities needs of the District, all in compliance with the requirements of Article XIII A, section 1(b)(3) of the State Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Section 15264 et seq. of the California Education Code).

Evaluation of Needs. The Board of Education has evaluated the facilities needs of the District, and has identified projects to finance from a local bond measure at this time. The Board of Education hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List.

Independent Citizens' Oversight Committee. The Board of Education shall establish an independent Citizens' Oversight Committee in accordance with Education Code sections 15278-15282 and applicable Board policy, to ensure bond proceeds are expended only for the school facilities projects listed in the Bond Project List. An existing Citizens' Oversight Committee may be empowered by the Board of Education to oversee the expenditure of bond proceeds from this measure. The committee shall be so empowered, or a new committee established, within sixty (60) days of the date when the Board of Education enters the results of the election in its official minutes.

Annual Performance Audit. The Board of Education shall conduct or cause to be conducted an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects described in the Bond Project List.

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Annual Financial Audit. The Board of Education shall conduct or cause to be conducted an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects described in the Bond Project List.

Annual Report to Board. Upon approval of this measure and the sale of any bonds approved, the Board of Education shall take actions necessary to establish an account in which proceeds of the sale of bonds will be deposited. As long as any proceeds of the bonds remain unexpended, the Superintendent shall cause a report to be filed with the Board of Education no later than January 1 of each year, commencing on the first January 1 after bonds have been issued and proceeds spent, stating (1) the amount of bond proceeds received and expended in the past fiscal year, and (2) the status of any project funded or to be funded from bond proceeds. The report may be incorporated into the annual budget, annual financial report, or other appropriate routine report to the Board.

BOND PROJECT LIST

This Bond Project List, which is an integral part of this proposition, describes the specific projects the District proposes to finance with proceeds of the bonds.

Proceeds from the sale of bonds authorized by this measure shall be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities on the Bond Project List, including the furnishing and equipping of said school facilities, or the acquisition or lease of real property for said school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

In order to meet all identified facility needs, the District intends to complete projects using a combination of funding sources. These sources may include joint-use funds, development impact fees, state funds (if available), and other available funds. The District will pursue state matching funds if and when they become available, and if received, they will be used for and mainly applied to projects on the Bond Project List or other high priority capital outlay expenditures as permitted in Education Code section 17070.63(c). No project is dependent on the receipt of state funding for completion.

to be funded by the bond measure include, without limitation, the following:

I. COMPLETE BASIC UPGRADES TO MEET CURRENT STUDENT HEALTH AND SAFETY STANDARDS

  • ? Update aging classrooms and District facilities, or acquire and rehabilitate existing facilities, to meet current fire, seismic and safety codes
  • ? Fix and/or replace
  • ? Repaint school exteriors and interiors and refresh or replace landscaping
  • ? Resurface playgrounds and asphalt areas
  • ? Remove or replace aging portable buildings and classrooms
  • ? Replace aging, outdated and/or deteriorating utility infrastructure, electrical, lighting, plumbing, heating and ventilation (HVAC) systems
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  • ? Acquire and install solar energy systems/equipment and upgrade any existing solar equipment for interconnection
  • ? Repair and replace aging student restrooms and add restrooms in prekindergarten and kindergarten classrooms
  • ? Create ADA-compliant access and safe pedestrian paths of travel at schools
  • ? Improve security at schools by providing classroom intrusion alarms, video surveillance cameras, safety locks on classroom doors and exterior lighting for student safety
  • ? Upgrade emergency signage and fencing
  • ? Improve student safety and traffic circulation by upgrading or providing additional school drop-off areas and parking lots
  • ? Install or repair shade structures on school campuses and create sheltered eating and outdoor learning areas as needed
  • ? Repair, rebuild, equip and furnish school sites in the event of unforeseen emergency communications and technology backup systems,

II. IMPROVE SCHOOLS TO MEET CURRENT ACADEMIC STANDARDS AND PROVIDE ACCESS TO MODERN INSTRUCTIONAL TECHNOLOGY

  • ? Provide updated classroom audio/visual technology for content delivery and presentation, which may include projectors and/or large format flat-screen monitors and sound and voice amplification systems
  • ? Acquire and install centrally manageable, networked loudspeaker/bell/clock systems
  • ? Acquire computer hardware for student use in the classroom that is current and up-to-date
  • ? Improve school site network infrastructure in order to enhance network-based content and curriculum delivery, which may include:
    • ? Upgrading and improving the routing and network aggregation capabilities for each site in order to support the larger numbers of concurrent network and internet connections
    • ? Upgrading and improving the network access layer switching capabilities in order to support the larger numbers of devices on our school networks as well as supporting the higher speed requirements
    • ? Upgrading and improving classroom wiring for both wired and wireless data communication
    • ? upgrading and improving fiber network cabling between data wiring closets

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  • ? Furnish classrooms and learning spaces with flexible furniture
  • ? Build new or transform existing spaces to ensure functional kitchens, multiuse rooms and stages to meet District facility standards for elementary, middle and high schools

III. PROVIDE DEDICATED SPACE FOR SCIENCE, MATH, ENGINEERING, ARTS/MUSIC INSTRUCTION, SUPPORT 21ST-CENTURY LEARNING AND ADDRESS SPECIFIC PRIORITIES AT INDIVIDUAL SCHOOL SITES

  • ? To accommodate 21st-century learning methods, acquire sites and construct, furnish and equip and/or renovate, modernize, upgrade, repair, replace, furnish and equip:
    • ? classrooms and buildings, including relocatable or modular buildings
    • ? school libraries
    • ? middle and high school performing arts and music spaces and venues
    • ? multipurpose rooms and play areas
    • ? food service facilities, community centers, meetings spaces, workrooms and parent/student support service areas
    • ? track and athletic facilities

Projects listed may be completed at any and all school sites and facilities where such project is determined by the Board to be necessary or required, and projects are authorized to be performed at each and all of the District's schools and sites, including without limitation:

  • ? El Granada Elementary School,
    400 Santiago Street, El Granada
  • ? Farallone View Elementary School,
    250 LeConte and Kanoff, Montara
  • ? Alvin S. Hatch Elementary School,
    490 Miramontes Ave, Half Moon Bay
  • ? Kings Mountain Elementary School,
    211 Swett Road, Woodside
  • ? Cunha Intermediate School,
    600 Church St, Half Moon Bay
  • ? Half Moon Bay High School,
    1 Lewis Foster Drive, Half Moon Bay
  • ? Pilarcitos High School,
    498 Kelly Ave, Half Moon Bay
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  • ?District Office,
    498 Kelly Ave, Half Moon Bay

Listed projects, repairs, improvements, rehabilitation projects and upgrades will be completed only , and the listing of projects does not imply a particular prioritization among such improvements. Projects may be done in phases, based on Board of Education priorities. Listed projects may be completed at any and all District schools, sites and education buildings where such project is determined necessary. Decisions regarding the scope, timing, prioritization or other facets of project implementation will be made solely by the Board of Education by subsequent action. Where terms such as "renovate," "upgrade," "repurpose" and "improve" are used in the Bond Project List, the Board of Education has the discretion to determine the best method for accomplishing the project's objective. For any listed project involving renovation or modernization of a building or the major portion of a building, the District may proceed with new replacement construction instead (including any necessary demolition), if the District determines that replacement and new construction is more practical than renovation, considering the building's age, condition, expected remaining life, comparative cost and other relevant factors. In addition, where feasible, projects may be completed in partnership with other agencies on a basis using bond proceeds. Property, buildings and equipment on the bond project list may be acquired through , sale, lease-purchase, or other project delivery or acquisition methods determined appropriate by the Board.

is assumed to include its share of costs of bond issuance, architectural, engineering, legal and similar planning costs, construction management, and consultants, associated with learning construction techniques and approaches, new bond-funded equipment and systems and a customary contingency for unforeseen design and construction costs. In addition to the projects listed above, the Bond Project List also includes payment of the costs of preparation of all facilities planning and project implementation studies, feasibility and assessment reviews, , environmental studies, permit and inspection fees and temporary housing and relocation costs for dislocated programs or activities caused or necessitated by construction projects.

The final cost of each project will be determined as plans are finalized 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. Necessary site preparation, grading or restoration may occur in connection with acquisition of property, new construction, modernization, renovation or remodeling, or installation or removal of modular classrooms, including ingress and egress, removing, replacing or installing irrigation, utility lines, trees and landscaping, relocating fire access roads and acquiring any necessary easements, leases, licenses or rights of way to the property.

ADDITIONAL SPECIFICATIONS

No Administrator Salaries. Proceeds from the sale of Bonds authorized by this proposition shall be used only for the construction, reconstruction, rehabilitation or replacement of school facilities on the Bond Project List, including the furnishing and equipping of said school facilities, or the acquisition or lease of real property for said school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

Single Purpose. All of the purposes enumerated in this proposition shall be united and voted upon as one single proposition, pursuant to Section 15100 of the California B-6
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Education Code, and all the enumerated purposes shall constitute the specific single purpose of the bonds and proceeds of the bonds shall be spent only for such purpose.

Other Terms of the Bonds. The bonds may be issued and sold in several series, and in accordance with a financing plan determined by the Board of Education pursuant to requirements of law. When sold, the bonds shall bear interest at an annual rate not exceeding the statutory maximum and with a maximum term not exceeding the statutory maximum, provided that the average useful life of bonds sold will not exceed one hundred twenty percent (120%) of the average life of the projects being financed or as otherwise provided by federal tax law. Bond funds may be used to , in accordance with federal tax law.

Tax Rate, Estimated Annual Collection Amount, and Duration of Tax. Pursuant to California Elections Code section 13119(b), (i) the rate of the ad valorem tax is estimated to be the rate disclosed in the Tax Rate Statement contained in the voter pamphlet and separately provided; (ii) the estimated average amount of the ad valorem tax expected to be collected in each year is expected to range from $3,400,000-9,200,000 per year and will vary from year to year, depending on the amount needed to pay debt service on bonds outstanding in any year; and (iii) the duration of the collection of the ad valorem tax is expected to be (a) up to 30 years for each series of bonds authorized under the bond measure and (b) approximately 32 years from the date of issue of the first such series of bonds.

Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District, nor are the summary estimates, if any, provided in the Ballot Label. The actual tax rates, debt service and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

In preparing this information, the District obtained reasonable and informed projections of assessed property valuations that took into consideration projections of assessed property valuations made by the County Assessor, if any, in accordance with Education Code Section 15100(c).

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Measure M Tax Rate Statement

EXHIBIT C

TAX RATE STATEMENT

An election will be held within the boundaries of Cabrillo Unified School District ("School District") on June 5, 2018 to authorize the sale of up to $99,000,000 in bonds to finance facilities as described in the proposition. If the bonds are approved, the School District expects to sell the bonds in multiple series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property located within the School District. The following information is provided in compliance with Sections 9400 to 9404, inclusive, of the California Elections Code.

  1. 1. The best estimate from official sources of the average annual tax rate that would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on assessed valuations available at the time of the election or a projection based on experience within the same jurisdiction or other demonstrable factors, is estimated to be $0.0520 per $100 ($52.00 per $100,000). The final fiscal year in which the tax is anticipated to be collected is 2049-2050.
  2. 2. The best estimate from official sources of the highest tax rate that would be required to be levied to fund this bond issue, and an estimate of the year in which that rate will apply, based on assessed valuations available at the time of filing this statement or a projection based on experience within the same jurisdiction or other demonstrable factors, is estimated to be $0.0520 per $100 ($52.00 per $100,000) of assessed valuation in fiscal year 2018-2019.
  3. 3. The best estimate from official sources 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 will be approximately $194,000,000, considering the assumptions set forth in paragraphs (1) and (2) above.

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

Attention of all voters is directed to the fact that the foregoing information is based upon the District's projections and estimates only, which are not binding upon the District. The actual tax rates, debt service and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

Signed: ___________________________
Jane Yuster, Superintendent

Dated: February 8, 2018

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Measure M Resolution

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Cabrillo Unified School District

RESOLUTION No. 02-18

RESOLUTION OF THE BOARD OF EDUCATION OF THE
CABRILLO UNIFIED SCHOOL DISTRICT
ORDERING A SCHOOL BOND ELECTION ON JUNE 5, 2018 AND
AUTHORIZING NECESSARY ACTIONS IN CONNECTION THEREWITH

WHEREAS, the Board of Education ("Board") of the Cabrillo Unified School District ("District"), San Mateo County, California is authorized to order elections within the District and to designate the specifications thereof, pursuant to Sections 5304 and 5322 of the California Education Code ("Education Code"); and

WHEREAS, Cabrillo Unified School District has provided quality education to students in the Coastside community for over 50 years and our elementary schools, intermediate school and high schools ensure graduates are prepared for their futures; and

WHEREAS, great local schools keep property values high and our community strong; and

WHEREAS, some of our schools have been updated, but others are nearly 50 years old and badly in need of improvements; and

WHEREAS, our community's support through passage of Measure S in 2012 has helped to equip our schools to provide an outstanding education by performing essential safety repairs and updates on classrooms and facilities; and

WHEREAS, though Measure S funding made a significant impact, our Coastside schools still have urgent needs that must be addressed to maintain academic excellence, including ensuring all schools have up-to-date computers, learning technology and science labs, as well as modern classrooms that will attract and retain the best teachers and staff; and

WHEREAS, the District has conducted a project prioritization process with input from parents, teachers, staff, and members of the community to identify the upgrades needed at each school site in order to meet modern safety standards, to meet the District's goals for supporting current academic standards, and to address specific priorities at individual school sites; and

WHEREAS, these projects include addressing urgent needs, like replacing leaky roofs, keeping schools clean, well-maintained and in good condition, performing essential safety repairs and maintenance on classrooms and facilities, updating classrooms and science labs, upgrading fire and earthquake safety and equipping classrooms with 21st-century learning technology; and

WHEREAS, unlike the District's parcel tax funds, which support the District's educational programs and staffing, bond revenue is the primary means by which the District is able to keep its school buildings and classrooms in good repair, safe, designed and equipped to support changing educational standards, methods and approaches; and

WHEREAS, the cost of identified upgrades and improvements are beyond the scope of the 2012 bond measure and the District's current operating budget such that passing this bond measure provides a guaranteed and necessary source of local funding to maintain and improve this community's local school facilities; and

WHEREAS, this bond measure will benefit local schools and no funds can be taken away by the State or other school districts, and by law, no money can be used for administrator salaries or pensions; and

WHEREAS, this bond measure requires strict fiscal accountability protections including mandatory annual audits and an independent citizens' oversight committee comprised of local residents to ensure funds are managed and spent properly; and

WHEREAS, the Board is specifically authorized to order elections for the purpose of submitting to the electors the question of whether bonds of the District shall be issued and sold for the purpose of raising money for the purposes hereinafter specified, pursuant to Section 15100 et seq. of the Education Code; and

WHEREAS, pursuant to section 18 of Article XVI and section 1 of Article XIII A of the California Constitution (also known as "Proposition 39"), and Section 15266 of the Education Code, school districts may seek approval of general obligation bonds and levy an ad valorem tax to repay those bonds upon a fifty-five percent (55%) vote of those voting on a proposition for that purpose, provided certain accountability measures are included in the proposition; and

WHEREAS, the Board deems it necessary and advisable to submit such a bond proposition to the electors to be approved by fifty-five percent (55%) of the votes cast; and

WHEREAS, such a bond election must be conducted concurrent with a statewide primary election, general election or special election, or at a regularly scheduled local election, as required by Section 15266 of the Education Code, and on June 5, 2018, a general election is scheduled to occur throughout the District; and

WHEREAS, pursuant to Section 15270 of the Education Code, if the measure is approved by the voters, bonds may only be issued if the tax rate levied to meet the debt service requirements would not exceed sixty dollars ($60) per year per one hundred thousand dollars ($100,000) of taxable property when assessed valuation is projected by the District to increase in accordance with Article XIIIA of the California Constitution, and the current estimated and projected average annual tax rate and highest tax rate, is not expected to exceed a tax rate levy of $52 per year per each $100,000 of the assessed value of taxable property; and

WHEREAS, the estimated tax rates, duration of tax collection, and total estimated amount of debt service, is described in the Tax Rate Statement contained in Exhibit C hereto; and

WHEREAS, Section 9400 et seq. of the California Elections Code 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

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WHEREAS, in the judgment of the Board, it is advisable to request that the San Mateo County Registrar of Voters ("County Registrar") act as the election official and call an election and submit to the registered voters of the District the full ballot proposition as detailed herein, in coordination with each other as necessary; and

WHEREAS, the Board now desires to authorize the filing of a ballot argument in favor of the proposition to be submitted to the voters at the election.

NOW, THEREFORE, be it resolved, determined and ordered by the Board of Education of the Cabrillo Unified School District as follows:

Section 1. Specifications of Election Order. Pursuant to Sections 5304, 5322, 15100 et seq., and Section 15266 of the Education Code, an election shall be held within the District on June 5, 2018, for the purpose of submitting to the registered voters of the District the full ballot proposition contained in Exhibit B ("Full Ballot Text"), which Full Ballot Text is hereby approved. The County Registrar shall provide for the performance of its duties in accordance with Education Code section 5303 and in accordance with any and all other laws and regulations applicable to such elections.

Section 2. Abbreviation of Proposition/Ballot Label. Pursuant to Sections 13119 and 13247 of the California Elections Code and Section 15122 of the Education Code, the Board hereby directs the County Registrar to use the abbreviation of the Full Ballot Text ("Ballot Label") that is attached hereto as Exhibit A. The Ballot Label shall function merely as an abbreviation of the Full Ballot Text and does not stand alone as a complete and binding statement of the measure, nor is it possible for the Ballot Label to contain all of the project and financial information a voter might wish to consider in casting a vote. Voters are urged to review the Full Ballot Text and the Tax Rate Statement to obtain a complete understanding of the measure, including all of the financial projections and estimates upon which the measure is based.

Section 3. Voter Pamphlet. The County Registrar is hereby requested to reprint the Full Ballot Text in its entirety in the voter information pamphlet to be distributed to voters pursuant to Section 13307 of the Elections Code. In the event the Full Ballot Text is not reprinted in the voter information pamphlet in its entirety, the County Registrar is hereby requested to print, immediately below the impartial analysis of the bond proposition, in no less than 10-point boldface type, a legend substantially as follows:

"The above statement is an impartial analysis of Measure ___. If you desire a copy of the measure, please call the San Mateo County Registrar of Voters at ___________ and a copy will be mailed at no cost to you."

Section 4. Accountability Measures. Pursuant to legal requirements, and as specified in the Full Ballot Text, the Board certifies that the District:

  1. (a) Has evaluated the facilities needs of the District and has evaluated safety, class size reduction and information technology needs in developing the Bond Project List contained in the Full Ballot Text;
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  3. (b) Will establish an independent Citizens' Bond Oversight Committee to ensure that bond proceeds are expended only for the school facilities projects described in the Bond Project List, in accordance with Education Code section 15278 et seq.;
  4. (c) Will conduct or cause to be conducted an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects described in the Bond Project List;
  5. (d) Will conduct or cause to be conducted an annual independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects described in the Bond Project List; and
  6. (e) Shall take all actions to establish an account in which proceeds of the sale of the bonds will be deposited, and to cause a report to be filed with the Board no later than each January 1 identifying proceeds received and expended in the past fiscal year and the status of any project funded or to be funded with bond proceeds. The first report shall be due no later than January 1 of the first year after which bonds have been issued and proceeds spent.

Section 5. Required Vote. Pursuant to Section 18 of Article XVI and Section 1 of Article XIII A of the State Constitution, the above proposition shall become effective upon the affirmative vote of at least fifty-five percent (55%) of those voters voting on the proposition.

Section 6. Request to County Officers to Conduct Election; Cost of Election. The County Registrar is hereby requested, pursuant to section 5322 of the California Education Code, to take all steps to call and hold the election in accordance with law and these specifications. The District will reimburse the Registrar and the County for costs associated with the election as required by law.

Section 7. Consolidation of Election and Canvass of Vote.

  1. (a) Pursuant to Section 15266(a) of the Education Code, the election shall be consolidated with the election on June 5, 2018.
  2. (b) The Board of Supervisors of San Mateo County is authorized and requested to canvass the returns of the election, as necessary, pursuant to Section 10411 of the California Elections Code.

Section 8. Delivery of Order of Election to County Officers. The Clerk of the Board is hereby directed to deliver or cause to be delivered, no later than March 9, 2018, (which date is 88 days prior to the date set for the election), one copy of this Resolution to the County Registrar with the completed Tax Rate Statement (in substantially the form attached hereto as Exhibit C), completed and signed by the Superintendent or his designee, and shall file a copy of this Resolution with the Clerk of the Board of Supervisors of San Mateo County.

Section 9. Ballot Arguments. The members of the Board are hereby authorized to prepare and file with the County Registrar a ballot argument in favor of the proposition contained in Section 1 hereof, within the time established by the County Registrar.

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Section 10. Intention to Reimburse. The District may incur costs associated with bond-funded projects described in Exhibit B hereto prior to the issuance of bonds. For purposes of establishing compliance with the requirements of Section 1.150-2 of the regulations of the U.S. Treasury Department, the Board hereby declares its official intent to use proceeds of the bond to reimburse itself for lawful expenditures on capital projects described on the Bond Project List, up to a maximum principal amount of $99,000,000.

Section 11. Further Authorization. The members of this Board, the Superintendent, and all other officers of the District are hereby authorized and directed, individually and collectively, to do any and all things that they deem necessary or advisable in order to effectuate the purposes of this Resolution, including modification of the Full Ballot Text, the ballot measure summary or Tax Rate Statement if he or she determines such modifications are necessary and in the District's best interests. Any such modifications shall be ratified thereafter by the Board.

Section 12. Effective Date. This Resolution shall take effect upon its adoption.

PASSED AND ADOPTED this day, February 8, 2018, by the following vote:

AYES:

NAYS:

ABSTAIN:

ABSENT:

APPROVED:

Rob Pappalardo
President of the Board of Education of the
Cabrillo Unified School District

Attest:

Kimberly Hines
Clerk of the Board of Education of the
Cabrillo Unified School District

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