Vote Yes on San Mateo County Measure S - 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 S Campaign

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

This campaign was designed by Eastshore Consulting LLC (Shin Green). 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 S Question

To continue improving classrooms and facilities; repair more aging buildings; and further upgrade safety, technology, science labs, and energy efficiency; shall the Ravenswood City School District issue $70 million in bonds, at legal rates, averaging an estimated $3.95 million in taxes raised annually for approximately 32 years at projected tax rates of , and requiring audits, , , and all funds used for Ravenswood schools?

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Impartial Analysis for Measure S

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 Ravenswood City School District ("District") proposes this measure which would authorize the District to issue bonds in a principal amount not to exceed $70 million. The bonds will have an interest rate not exceeding the legal maximum and will be repaid within the time permitted by law. The Tax Rate Statement printed in this 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 estimate of the average annual tax rate levy to fund this bond is $30 per $100,000 of assessed valuation. This means that a property assessed at $800,000 would likely have an annual tax obligation of $240 under this measure. The District estimates that the total amount repayable during the life of the bond, including principal and interest, will be approximately $126,510,000.

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. * repairs, renovations, and upgrades to classrooms, labs, restrooms, and other facilities
  2. * removing hazardous materials, such as asbestos and lead, from school buildings and grounds
  3. * HVAC, plumbing, and electrical system and infrastructure acquisition, upgrades, and repairs
  4. * parking and pick-up/drop off construction, upgrades, and repairs
  5. * ADA required or recommended construction, upgrades, repairs, and replacements
  6. * furniture and equipment acquisition and replacement
  7. * technology equipment and infrastructre acquisition, upgrades, and repairs
  8. * fire and safety system acquisition, updates, and repairs
  9. * energy efficiency projects

The measure authorizes equipment acquisition, upgrades, repairs, services, construction, and other items related to the listed projects. Projects are authorized at all District locations.

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 epxended 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 $70 million for the purposes listed in the Bond Project List.

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

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

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

Argument in Favor of Measure S

Arguments FOR

At Ravenswood City School District, we face many challenges - but we continue to overcome them!

With our community's help, we are committed to the goal of providing every one of our students the education they deserve, in a classroom and on a campus they can be proud of.

However, all our schools were built over 50 years ago and have deteriorating classrooms and facilities. We began the process of making them what they should be by developing our Facilities Master Plan more than three years ago and then took a signifcant step forward with your overwhelming support for Measure H in 2016.

But much more remains to be done. And the repairs continue to be urgent and our students cannot wait. We must act now - vote YES on Measure S!

Beyond repairs, our children must also be ready for the jobs of tomorrow. Measure S will provide classrooms, science and computer labs that expand opportunities in science, egineering, and math. It will improve technology and strenghten career education and college preparation facilities, all to ensure our students are prepared for 21st century jobs.

So vote YES on Measure S to:

  1. * continue improving classrooms and facilities
  2. * repair more aging buildings
  3. * further upgrade safety, technology, science labs, and energy efficiency, AND
  4. * provide a quality learning environment for current and future students

Measure S has strict accountablity requirements and can only be used to repair and upgrade our neighborhood schools. Measure S requires:

  1. * a Citizens' Oversight Committee
  2. * NO money for administrators' salaries
  3. * annual audits
  4. * all funds spent locally on Ravenswood classrooms and facilities

Measure S makes sense. Measure S will continue improving Ravenswood schools - and we know that improving our schools makes our community a more desirable place to live, do business, and raise a family.

Vote YES on Measure S!

/s/ Ana Pulido,
Board President

/s/ Sharifa Wilson,
Board Vice-President

/s/ Millicent Grant,
Executive Director East Palo Alto Senior Center

/s/ Rev. Mary Frazier,
Pastor

/s/ Daniel Cesena,
Belle Haven resident

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Rebuttal to Argument in Favor of Measure S

Replies to Arguments FOR

Ravenswood ?City School District claims they need $70M (plus 32 years of interest) to "repair more aging buildings", virtually identical to the "repair aging buildings" statement for the $26M bond in 2016.

This begs the question, why are repairs not part of the normal yearly budget?

Just two years ago they wanted to "upgrade school safety_ and now they want to "further upgrade safety." Deja vu all over again?

The district just got a $26M bond message approved in 2016 and now they're back for another $70M bond this election. Plus they want a separate parcel tax.

They want to "improve technology". But most technology is obsolete in 4-6 years yet the interest payments for that technology will continue for 30+ years.

Would you buy a computer and take out a 30+ year loan to pay for it?

That would be nuts, wouldn't it?

But that's exactly what the districts wants and to stick you with the bill!

If you thinks that's nuts, please vote NO on Measure S.

Ravenswood City School District is already spending $398,100 per class per year (25 students x $15,924 per student) Source: California Educational Data Partnership

The average salary and benefits for teachers is $81, 339.

Subtract $81,399 and that's still over $300K per classroom per year.

The administration just wants more of your hard earned money to pad their salaries and fat pension plans.

Tell the Ravenswood City School District Board to be fiscally responsible.

Vote NO on Measure S.

For more information, please visit us at: http://www.svtaxpayers.org/2018-ravenswood-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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Argument Against Measure S

Arguments AGAINST

Ravenswood ?City School District claims they need $70M (plus 32 years of interest) to "repair more aging buildings", virtually identical to the "repair aging buildings" statement for the $26M bond in 2016.

This begs the question, why are repairs not part of the normal yearly budget?

Just two years ago they wanted to "upgrade school safety_ and now they want to "further upgrade safety." Deja vu all over again?

The district just got a $26M bond message approved in 2016 and now they're back for another $70M bond this election. Plus they want a separate parcel tax.

They want to "improve technology". But most technology is obsolete in 4-6 years yet the interest payments for that technology will continue for 30+ years.

Would you buy a computer and take out a 30+ year loan to pay for it?

That would be nuts, wouldn't it?

But that's exactly what the districts wants and to stick you with the bill!

If you thinks that's nuts, please vote NO on Measure S.

Ravenswood City School District is already spending $398,100 per class per year (25 students x $15,924 per student) Source: California Educational Data Partnership

The average salary and benefits for teachers is $81, 339.

Subtract $81,399 and that's still over $300K per classroom per year.

The administration just wants more of your hard earned money to pad their salaries and fat pension plans.

Tell the Ravenswood City School District Board to be fiscally responsible.

Vote NO on Measure S.

For more information, please visit us at: http://www.svtaxpayers.org/2018-ravenswood-bond

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

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

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

Rebuttal to Argument Against Measure S

Replies to Arguments AGAINST

Ravenswood schools still need our help - vote YES on Measure S!

Our Facilities Master Plan identified more than $300 million in needs. Those opposing Measure S - who do NOT live in Ravenswood - would have our students be satisfied with meeting less than 10% of those needs.

We always knew Measure H was a first step in the long journey towards providing our students with the schools they deserve. All Ravenswood schools were built over 50 years ago and, until we initiated the facilities planning process in 2014, critical maintenance had been delayed for decades. Measure H fixed roofs, began safety improvements and will upgrade science labs - but we still need more resources for many additional repairs and improvements! Vote YES on Measure S!

We know that resources are not abundant like outsiders claim. Compared to neighboring districts, Ravenswood receives less funding. Indeed, the District is in the process of making many painful budget cuts - so we need the community to continue supporting and investing in our schools. Vote YES on Measure S!

And just like Measure H - which has a tax rate substantially LESS than was promised and will cost taxpayers millions LESS than was expected - we know that Measure S is responsible and taxpayer safeguards are in place. Costly deferred interest bonds are prohibited and there are restrictions on total bond cost, in addition to the legally required oversight committee and other accountability measures.

Measure S makes sense and will continue improving Ravenswood schools - vote YES on Measure S!

/s/ Ana Pulido,
Board President

/s/ Sharifa Wilson,
Board Vice-President

/s/ Millicent Grant,
Executive Director, East Palo Alto Senior Center

/s/ Rev. Mary Frazier,
Pastor

/s/ Daniel Cesena,
Belle Haven resident

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Full Text of Measure S

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EXHIBIT A

FULL TEXT OF BOND PROPOSITION

RAVENSWOOD CITY SCHOOL DISTRICT
ADDITIONAL BASIC REPAIRS, TECHNOLOGY IMPROVEMENTS
AND 21ST CENTURY CLASSROOMS MEASURE

This Proposition may be known and referred to as the "Ravenswood City School District Additional Basic Repairs, Technology Improvements and 21st Century Classrooms Measure" or as "Measure __". [designation to be assigned by County Registrar of Voters]

BOND AUTHORIZATION

By approval of this proposition by at least 55% of the voters of the Ravenswood City School District (the "District") voting on the proposition, the District shall be authorized to issue and sell bonds of up to $70 million in aggregate principal amount to provide financing for the specific school facilities projects listed under the heading entitled "BOND PROJECT LIST" below (the "Bond Project List"), and qualify to receive State of California matching grant funds, subject to all of the accountability safeguards specified below.

ACCOUNTABILITY SAFEGUARDS

The provisions in this section are specifically 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 school facilities needs of the District, all in compliance with the requirements of Article XIIIA, Section 1(b)(3) of the California Constitution, and the Strict Accountability in Local School Construction Bonds Act of 2000 (codified at Sections 15264 et seq. of the California Education Code (the "Education Code")).

Evaluation of Needs. After extensive meetings with parents, teachers, staff and the broader community, the Board of Trustees of the District (the "Board") conducted a facilities assessment which was incorporated into a Facilities Master Plan, adopted on February 26, 2015, in order to evaluate and address all of the facilities needs of the District at each campus and facility, to prioritize projects, and to begin the process of providing Ravenswood students with the facilities they deserve.

In that process, the Board hereby certifies that it has evaluated safety, class size reduction and computer and information technology needs in developing the Bond Project List. The Facilities Master Plan identifies capital repairs necessary to keep schools well-maintained and safe, and to keep classrooms, restrooms, labs, and other facilities in good condition. The Facilities Master Plan identifies energy efficiency improvements and upgrades to heating and ventilation systems that could help .

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Limitations on Use of Bonds. Proceeds from the sale of bonds authorized by this proposition shall be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, including, , the acquisition or lease of real property in connection with an existing or future financing of the specific school facilities projects listed in the Bond Project List, including the , or lease revenue bond financings, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

Independent Citizens' Oversight Committee. The Board shall establish an independent citizens' oversight committee (pursuant to Education Code Section 15278 et seq.), to ensure bond proceeds are expended only for the school facilities projects listed in the Bond Project List. The committee shall be established within 60 days of the date that the Board enters the election results on its minutes pursuant to Section 15274 of the Education Code. In accordance with Section 15282 of the Education Code, the citizens' oversight committee shall consist of at least seven members and shall include a member active in a business organization representing the business community located within the District, a member active in a senior citizens' organization, a member active in a bona fide taxpayers' organization, a member that is a parent or guardian of a child enrolled in the District, and a member that is both a parent or guardian of a child enrolled in the District and active in a parent-teacher organization. No employee or official of the District and no vendor, contractor or consultant of the District shall be appointed to the citizens' oversight committee.

Annual Performance Audits. The Board shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for performance audits. The results of these audits shall be made publicly available and shall be submitted to the citizens' oversight committee in accordance with Section 15286 of the Education Code.

Annual Financial Audits. The Board shall conduct an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects listed in the Bond Project List. These audits shall be conducted in accordance with the Government Auditing Standards issued by the Comptroller General of the United States for financial audits. The results of these audits shall be made publicly available and shall be submitted to the citizens' oversight committee in accordance with Section 15286 of the Education Code.

Special Bond Proceeds Account; Annual Report to Board. Upon approval of this proposition and the sale of any bonds approved, the Board 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 of the District shall cause a report to be filed with A-3
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the Board no later than January 1 of each year, commencing on the first January 1 after the sale of the first series of bonds, stating (a) the amount of bond proceeds received and expended in that year, and (b) the status of any project funded or to be funded from bond proceeds. The report may relate to the calendar year, fiscal year, or other appropriate annual period as the Superintendent of the District shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board.

No Capital Appreciation Bonds. The Bonds shall be issued only as current interest bonds, and NOT as capital appreciation bonds.

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

FURTHER SPECIFICATIONS

Joint-Use Projects. The District may enter into agreements with other public agencies or nonprofit organizations for of school facilities financed with the proceeds of the bonds in accordance with Education Code Section 17077.42 (or any successor provision). The District may seek State grant funds for eligible joint-use projects as permitted by law, and this proposition hereby specifies and acknowledges that bond funds will or may be used to fund all or a portion of the local share for any eligible joint-use projects identified in the Bond Project List or as otherwise permitted by California State regulations, as the Board shall determine.

Single Purpose. All of the purposes enumerated in this proposition shall be united and voted upon as one single proposition, pursuant to Education Code Section 15100, 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, pursuant to California Government Code Section 53410.

Other Terms of the Bonds. When sold, the bonds shall bear interest at an annual rate not exceeding the statutory maximum, and that interest shall be made payable at the time or times permitted by law. The bonds may be issued and sold in several series, and no bond shall be made to mature more than the statutory maximum number of years from the date borne by that bond.

BOND PROJECT LIST

The Bond Project List below lists the the District proposes to finance with proceeds of the bonds. The Bond Project List shall be considered a part of the bond proposition and shall be reproduced in any official document required to contain the full statement of the bond proposition. Listed projects will be completed at a particular school or facility site according to Board-established priorities, and the order in which such projects appear on the Bond Project List is not an indication of priority for funding or completion. Any authorized repairs shall be capital expenditures. The Bond Project List does not authorize non-capital expenditures. is assumed A-4
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to include its share of and bond issuance, construction-related costs, such as project and construction management, architectural, engineering, inspection and similar planning and testing costs, demolition and interim housing costs, legal, accounting and similar fees, costs related to the independent annual financial and performance , a contingency for unforeseen design and construction costs, and completion of the listed projects (whether the related work is performed by the District or third parties). The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. In addition, certain construction funds expected from non-bond sources, including State of California grant funds for eligible projects, have not yet been secured. Therefore, the Board cannot guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Alternatively, if the District obtains unexpected funds from non-bond sources with respect to listed projects, such projects may be enhanced, supplemented or expanded to the extent of such funds. Some projects may be subject to further government approvals, including by State officials and boards and/or local environmental or agency approval. Inclusion of a project on the Bond Project List is not a guarantee that the project will be completed (regardless of whether bond funds are available).

The specific projects authorized to be financed with proceeds of the bonds under this proposition are as follows:

DISTRICT WIDE PROJECTS

The following projects are authorized to be financed District wide, including at each and all District schools:

  • ? Belle Haven School
  • ? Brentwood Academy
  • ? Cesar Chavez & Green Oaks Academy
  • ? Costaño School & 49ers Academy
  • ? Los Robles Dual Immersion Magnet Academy
  • ? Ravenswood Middle School
  • ? Ronald McNair Academy
  • ? Willow Oaks School
  • ? Ravenswood Child Development Center
  • ? East Palo Alto Charter School & East Palo Alto Phoenix Academy

and all other District sites, including charter and pre-kindergarten school sites.

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BASIC REPAIRS, UPGRADES AND CAPITAL IMPROVEMENTS TO DISTRICT FACILITIES

  • ? Additional repairs and renovations to classrooms, labs, restrooms and other facilities.
  • ? Additional , classroom flooring, and structures.
  • ? Remove hazardous materials from school buildings and grounds, including but not limited to: and lead.
  • ? HVAC system acquisition, upgrades, and repairs, including but not limited to: boilers, gas lines, control systems, automation systems, chilled water coils, control valves, etc.
  • ? Plumbing acquisition, upgrades, and repairs, including but not limited to: water and sewage drainage, valves, back flow prevention, laterals, storm drains, water mains, sinks, water heaters, neutralization tanks, shower heads and other fixtures, etc.
  • ? Americans with Disabilities Act required or recommended construction, upgrades, repairs, and replacements.
  • ? Multi-purpose room repair, rehabilitation or upgrades, including but not limited to: new multi-purpose room construction, acquiring, improving, or replacing lighting, etc.
  • ? Building construction, upgrades and repairs, including but not limited to: student and staff restrooms, food service storage, preparation and serving areas, food service equipment, administrative areas, counseling areas, student services areas, athletic facilities and gymnasiums, portable classrooms (including acquisition), floors and roofs, structural repairs and improvements, windows, doors and door locks, asbestos mitigation, , libraries, facilities for pre-school programs, etc.
  • ? Parking, pick-up and drop off, and ingress/egress construction, upgrades, or repairs, including, but not limited to: new parking, re-lining and re-sealing parking lots, redesigning pick-up and drop-off areas, widening roads, etc.
  • ? Furniture and equipment acquisition and replacement.
  • ? Landscape improvements and repairs, including but not limited to: tree mitigation, walkways, walkway covers, outdoor learning environments, ramps, soil stabilization, soil mitigation, fencing, new or repaired irrigation systems, etc.

STUDENT SAFETY, TECHNOLOGY, ENERGY EFFICIENCY AND 21ST CENTURY CLASSROOM PROJECTS

  • ? Upgrade and modernize classrooms
  • ? Upgrade technology and computer labs.
  • ? Technology equipment and infrastructure acquisition, upgrades and repairs, including, but not limited to, computer systems, networking infrastructure, cabling, and wireless.
  • ? Fire and safety system acquisition, upgrades and repairs, including, but not limited to: fire alarms, fire hydrants, security systems, safety systems and A-6
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    notification systems (phones and intercoms).
  • ? Electrical systems and electrical infrastructure upgrades, repairs and acquisition, including, but not limited to: back-up generators, outdoor lighting, electrical wiring, and electrical panels.
  • ? Energy efficiency projects, including, but not limited to: , energy management systems, electrical charging stations, energy efficient lighting systems, energy efficient windows, window shades, etc.

Incidental Work Authorized At All Sites
(at which Projects listed above are undertaken)

Each project listed above includes allocable costs such as , architectural, engineering, inspection and similar planning costs, construction management (whether by the District or a third-party), annual financial and performance , a contingency for unforeseen design and construction costs and other costs necessary, incidental or related to the completion of the listed projects and otherwise permitted by law, including but not limited to:

  • ? Remove hazardous materials, e.g., asbestos, lead, etc., where necessary
  • ? Address unforeseen conditions revealed by construction/modernization (e.g., plumbing or gas line breaks, dry-rot, seismic, structural, etc.)
  • ? Other improvements required to comply with building codes
  • ? Furnishing and equipping
    • of newly constructed classrooms and facilities
    • replace worn/broken/out of date furniture and equipment
  • ? Acquisition of any of the facilities on the Bond Project List through temporary lease, , or lease-purchase arrangements, or execute purchase option under a lease for any of these authorized facilities
  • ? Demolition of existing facilities and reconstruction of facilities scheduled for modernization, if the Board of Trustees determines that such an approach would be more cost-effective in creating more enhanced and operationally efficient campuses.
  • ? Rental or construction of temporary classrooms (including modular classrooms) as needed to house students displaced during construction
  • ? Necessary site preparation/restoration in connection with new construction, 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, licenses, or rights of way to the property.

All or portions of these projects may be used as joint-use projects within the meaning of Section 17077.42(c) of the Education Code (or any successor provision).

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MISCELLANEOUS

All listed bond projects include the following as needed:

  • ? Removal of hazardous materials such as asbestos and lead paint as needed.
  • ? Construction and/or installation of access improvements for disabled persons, as required by state and federal law.
  • ? Associated onsite and offsite development, demolition and other improvements made necessary by listed bond projects.
  • ? Planning, designing and providing temporary housing necessary for listed bond projects.
  • ? Purchase of any rights-of-way and/or easements made necessary by listed bond projects.
  • ? Acquisition of all or a portion of any school site or facility, or an interest therein, encumbered in order to finance or refinance the listed school facilities projects.

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Measure S Tax Rate Statement

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EXHIBIT B

TAX RATE STATEMENT

An election will be held in the Ravenswood City School District (the "District") on June 5, 2018, to authorize the sale of up to $70,000,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to issue the bonds in multiple series over time. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400 through 9405 of the California Elections Code.

  1. 1. The best estimate 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 filing of this statement, is three cents per $100 ($30.00 per $100,000) of assessed valuation. The final fiscal year in which the tax to be levied to fund this bond issue is anticipated to be collected is fiscal year 2049-50.
  2. 2. The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is three cents per $100 ($30.00 per $100,000) of assessed valuation in fiscal year 2019-20.
  3. 3. The best estimate of the total debt service, including the principal and interest, that would be required to be repaid if all of the bonds are issued and sold is approximately $126,510,000.

Voters should note that estimated tax rates are based on the ASSESSED VALUE of taxable property on the County's official tax rolls, not on the property's market value, which could be more or less than the assessed value. 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. Certain taxpayers may also be eligible to postpone payment of taxes. Property owners should consult their own property tax bills and tax advisors 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 average annual tax rate, the highest tax rate and the year or years in which it will apply, and the actual total debt service, 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, including the legal limitations on bonds approved by a 55% affirmative vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessor in the annual assessment and the equalization process.

Dated: March 8, 2018. _____________________________________
Superintendent
Ravenswood City School District

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Measure S Agenda Description

Agenda of March 8, 2018 (complete item)

REGULAR SESSION
Ravenswood City ESD
March 08, 2018 6:30PM

9. BUSINESS DEPARTMENT
9.B. Consideration to Approve Resolution #1232, Ordering a School Bond Election in an Amount Not to Exceed $70,000,000 and Authorizing Necessary Actions in Connection Therewith
Speaker:
Steven J. Eichman
Quick Summary / Abstract:

To continue progress on the Facilities Master Plan, the District can seek an additional General Obligation Bonds to leverage against other sources, such as State Aid. Resolution #1232 places a measure on the June 5th, 2018 Ballot to seek $70 million in additional General Obligation Bond authorization.


Rationale:

Early in 2015, after an extensive facilities assessment and stakeholder input process, the Board adopted a Facilities Master Plan. To address the most critical facilities needs, the Board approved placement of Measure H on the June 2016 Ballot. With overwhelming voter support (86.7%), Measure H received approval to issue $26 million in local funding, to address critical facilities needs to make Ravenswood schools warm, safe and dry.

With reroofing projects completed and plans in place to expend the final allocation of Measure H funds, the District has continued facilities planning efforts through the Facilities Subcommittee and sought additional community input in January of 2018 about Master Plan priorities with a voter opinion survey. Results indicate continued support for improving Ravenswood schools and, with resources and a construction team already in place, the opportunity to continue making progress on the Facilities Master Plan will be dependent upon additional community investments through a new bond measure.

The attached Resolution authorizes the placement of a bond measure to raise an additional $70 million for school modernization and upgrades under Proposition 39. Proposition 39 allows for approval of school General Obligation bonds at 55% in exchange for taxpayer safeguards at a maximum projected tax rate of $30 per $100,000 of assessed property value. Proposition 39 bonds are the most common source of funding for school improvement projects and can provide the local match for State facility funding.


 
Recommended Motion:
Staff recommends that the Board approve Board Resolution 1232 ordering a school bond election for June 5th, 2018. 
Financial Impact:
Apart from certain costs that have already been incurred in planning for this potential election and seeking feedback from the community (e.g. the survey), there could still be some impact on the General Fund, chiefly from the costs of any additional informational community outreach and potentially the cost charged by San Mateo County to conduct the election (though that expense could be borne by bond proceeds, should the election be successful). However, most legal and consulting costs would be paid from bond proceeds and are contingent on a successful bond.
Attachments:
Resolution 1232 Calling Election in June 2018
9.C. Election of 2016 (Measure H) Series 2018 General Obligation Bond Wrap-up Presentation
Speaker:
Steven J. Eichman
Quick Summary / Abstract:
The District’s municipal advisor, Shin Green of Eastshore Consulting, LLC,will provide information on the sale of the Series 2018 General Obligation (GO) Bonds which was completed on March 1, 2018. The Series 2018 GO Bonds are the final allocation of Measure H, and this $10 million issuance will allow for the completion of science labs, a music room, and other projects over the summer of 2018. 
Rationale:

To provide the Board and community with information about the sale of the Series 2018 General Obligation Bond.

 
Recommended Motion:
It is recommended that the Board receive the report from Eastshore Consulting, LLC.
Financial Impact:
There is no financial impact to the District. All bond-related costs were paid from proceeds of the Series 2018 GO Bonds.

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Measure S Resolution

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RESOLUTION NO. 1232

RESOLUTION OF THE BOARD OF TRUSTEES OF THE
RAVENSWOOD CITY SCHOOL DISTRICT ORDERING A
SCHOOL BOND ELECTION, AND AUTHORIZING
NECESSARY ACTIONS IN CONNECTION THEREWITH

________________________________

WHEREAS, the Board of Trustees (the "Board") of the Ravenswood City School District (the "District"), located in the County of San Mateo (the "County"), 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 (the "Education Code"); and

WHEREAS, in 2016, voters approved Measure "H" to ensure warm, safe and dry classrooms and begin the process of making addressing facilities' needs identified in the facilities master plan; and

WHEREAS, the District has repaired roofs at all campuses, made numerous safety improvements throughout the District, and is preparing to significantly upgrade the comprehensive middle school campus this summer; and

WHEREAS, the District's facilities master plan still has identified considerable needs for additional repairs, upgrades, modernization and safety improvements in order to provide the education students deserve in a safe and modern environment; and

WHEREAS, an additional local funding source is needed to enable the District to provide said facilities; 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 Education Code Sections 15100 et seq.; and

WHEREAS, pursuant to Section 18 of Article XVI and Section 1 of Article XIIIA of the California Constitution, and Section 15266 of the Education Code, school districts may seek approval of bonds and levy an ad valorem tax to repay those bonds upon a 55% vote of those voting on a proposition for the purposes hereinafter specified, provided certain accountability requirements are included in the proposition, including (a) that the proceeds from the sale of the bonds be used only for the purposes specified in Article XIIIA, Section 1(b)(3) of the Constitution, and not for any other purpose, including teacher and administrator salaries and other school operating expenses, (b) that a list of the specific school facilities projects to be funded be included, which the school district board has certified that it has evaluated safety, class size reduction and information technology needs in developing, and (c) that performance and financial audits be required and there be oversight by an independent citizens' oversight committee to ensure that all funds are spent properly and as promised to the voters; and

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WHEREAS, the Board deems it necessary and advisable to submit such a bond proposition to the electors, which, if approved by 55% of the votes cast, would permit the District to issue its bonds; 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 at which all of the electors of the District are entitled to vote, as required by Section 15266 of the Education Code; and

WHEREAS, on June 5, 2018, a statewide primary election is scheduled to be conducted throughout the District; and

WHEREAS, subsection (c) of Section 15100 of the Education Code provides that, before the governing board of a school district may order an election pursuant to Education Code Sections 15100 et seq., it shall obtain reasonable and informed projections of assessed property valuations that take into consideration projections of assessed property valuations made by the county assessor; and

WHEREAS, although the San Mateo County Assessor does not make projections of assessed property valuations, the Board has been presented projections of assessed property valuations of the property within the boundaries of the District in connection with developing the bond proposition that take into consideration, among other things, the long-term historical average growth rates of assessed property valuations of the property within the boundaries of the District and the Board finds those projections to be reasonable and informed; and

WHEREAS, the Board has determined that, based upon such projections of assessed property valuation, 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 maximum tax rate permitted by Section 15268 of the Education Code; and

WHEREAS, Section 9400 et seq. of the California Elections Code (the "Elections Code") requires that a tax rate statement be contained in all official materials, including any voter information guide prepared, sponsored or distributed by the District, relating to the election; and

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

WHEREAS, if a project or projects to be funded by the bonds will require State of California matching grant funds for any phase, the sample ballot must contain a statement, in the form prescribed by law, advising the voters of that fact, and the Board finds that completion of all or a portion of certain of the projects listed in the bond proposition set forth herein will require State matching grant funds for any phase thereof;

NOW, THEREFORE, be it resolved, determined and ordered by the Board of Trustees of the Ravenswood City School District as follows:

Section 1. Recitals. All of the above recitals are true and correct.

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Section 2. Specifications of Election Order; Required Certification. Pursuant to Education Code Sections 5304, 5322, 15100 et seq., and 15266, and Section 18 of Article XVI and Section 1 of Article XIIIA of the California Constitution, a special election shall be held within the boundaries of the District on June 5, 2018, for the purpose of submitting to the registered voters of the District the bond proposition contained in Exhibit A attached hereto and incorporated herein. In accordance with Section 1 of Article XIIIA of the California Constitution, and as provided in the text of the bond proposition, the Board hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the bond project list set forth in the bond proposition.

Section 3. Conduct of Election.

  1. (a) Request to County Officers. Pursuant to Section 5303 of the Education Code, the Registrar of Voters of the County (the "Registrar of Voters") is required to, and is hereby requested to, take all steps to hold the election in accordance with law and these specifications.
  2. (b) Abbreviation of Proposition. Pursuant to Section 13247 of the Elections Code and Section 15122 of the Education Code, the Board hereby directs the Registrar of Voters to use the following abbreviation of the bond proposition on the ballot:
  3. "To continue improving classrooms and facilities; repair more aging buildings; and further upgrade safety, technology, science labs, and energy efficiency; shall the Ravenswood City School District issue $70 million in bonds, at legal rates, averaging an estimated $3.95 million in taxes raised annually for approximately 32 years at projected tax rates of 3 cents per $100 of assessed valuation, and requiring audits, citizens' oversight, no money for administrators' salaries, and all funds used for Ravenswood schools?"
  4. (c) Voter Pamphlet. The Registrar of Voters is hereby requested to reprint the full text of the bond proposition as set forth in Exhibit A 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 text of the bond proposition is not reprinted in the voter information pamphlet in its entirety, the Registrar of Voters 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:
  5. "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 (___) ___-____ or the Ravenswood City School District at (___) ___-____, and a copy will be mailed at no cost to you. Measure __ is also available on the Internet at http://www._______________."
  6. (d) Accountability Safeguards. In the event the full text of the bond proposition is not reprinted in the voter information pamphlet in its entirety, the Registrar of Voters is hereby 4
    4132-6009-6017.2
    requested to include the following statement in the ballot in compliance with Section 15272 of the Education Code:
  7. "If Measure __ is approved, the Board of Trustees of the Ravenswood City School District will appoint a citizens' oversight committee and conduct annual independent audits to assure that bond funds are spent only on the construction, reconstruction, rehabilitation, or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, and for no other purposes."
  8. (e) State Matching Funds. The District hereby requests that the Registrar of Voters include the following statement in the ballot pamphlet, pursuant to Section 15122.5 of the Education Code:
  9. "Approval of Measure __ does not guarantee that the proposed project or projects in the Ravenswood City School District that are the subject of bonds under Measure __ will be funded beyond the local revenues generated by Measure __. The District's proposal for the project or projects assumes the receipt of matching State funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure."
  10. (f) Consolidation Requirement. Pursuant to Section 15266(a) of the Education Code, the election shall be consolidated with the statewide primary election on June 5, 2018, and pursuant to Education Code Section 5342 and Part 3 (commencing with Section 10400) of Division 10 of the Elections Code, the Registrar of Voters and the Board of Supervisors of the County are hereby requested to order consolidation of the election with such other elections as may be held on the same day in the same territory or in territory that is in part the same. For consolidation with a statewide election, add the following pursuant to Elections Code Section 10403(a)(3): The District hereby acknowledges that the consolidated election will be held and conducted in the manner prescribed by Section 10418 of the Elections Code.
  11. (g) Canvass of Results. The Board of Supervisors of the County is authorized and requested to canvass the returns of the election, pursuant to Section 10411 of the Elections Code.
  12. (h) Required Vote. Pursuant to Section 18 of Article XVI and Section 1 of Article XIIIA of the California Constitution, the bond proposition shall become effective upon the affirmative vote of at least 55% of the voters of the District voting on the proposition.
  13. (i) Election Costs. The District shall pay all costs of the election approved by the Board of Supervisors of the County pursuant to Education Code Section 5421.

Section 4. Delivery of Order of Election to County Officers. The Clerk of the Board of the District is hereby directed to cause to be filed as soon as practicable, and in any event no later than March 9, 2018 (which date is not fewer than 88 days prior to the date set for the election), one copy of this Resolution to the Registrar of Voters, including the tax rate 5
4132-6009-6017.2
statement attached hereto as Exhibit B, containing the information required by Elections Code Section 9400 et seq., completed and signed by the Superintendent of the District, and shall file a copy of this Resolution with the Clerk of the Board of Supervisors of the County.

Section 5. Ballot Arguments. The President of the Board, or any member or members of the Board as the President shall designate, are hereby authorized, but not directed, to prepare and file with the Registrar of Voters a ballot argument in favor of the bond proposition, within the time established by the Registrar of Voters, which shall be considered the official ballot argument of the Board as sponsor of the bond proposition.

Section 6. Further Authorization. The members of the Board, the Superintendent of the District, 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 in accordance with the terms hereof and of applicable provisions of law.

Section 7. Effective Date. This Resolution shall take effect upon its adoption by a two-thirds vote.

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

AYES:

NOES:

ABSTAIN:

ABSENT: APPROVED:

___________________________________
President of the Board of Trustees of the
Ravenswood City School District

Attest:

___________________________________
Clerk of the Board of Trustees of the
Ravenswood City School District

4132-6009-6017.2

SECRETARY'S CERTIFICATE

I, Dr. Gloria M. Hernández-Goff, Secretary of the Board of Trustees of the Ravenswood City School District, County of San Mateo, California, hereby certify as follows:

The attached is a full, true and correct copy of a resolution duly adopted at a regular meeting of the Board of Trustees of the District duly and regularly held at the regular meeting place thereof on March 8, 2018, and entered in the minutes thereof, of which meeting all of the members of the Board of Trustees had due notice and at which a quorum thereof was present. The resolution was adopted by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

An agenda of the meeting was posted at least 72 hours beforehand at 2120 Euclid Avenue, East Palo Alto, California, a location freely accessible to members of the public, and a brief description of the adopted resolution appeared on the agenda. A copy of the agenda is attached hereto. The resolution has not been amended, modified or rescinded since the date of its adoption, and the same is now in full force and effect.

WITNESS my hand this ______ day of ______________, 2018.

Clerk of the Board of Trustees
Ravenswood City School District

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