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Tuesday March 3, 2020 — Primary Election
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Special District

Wasco Union High School District
Measure A Bond Measure - 55% Approval Required

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Election Results

Failed

1,397 votes yes (51.7%)

1,305 votes no (48.3%)

100% of precincts reporting (17/17).

To improve Wasco Union High School by constructing a new gymnasium; upgrading repairing, constructing, reconstructing and equipping related facilities to better serve students and the community; to qualify for potential State matching funds, shall Wasco Union High School District issue $38,950,000 in bonds repaying an annual average of $2,235,000, at approximately $29.41 per $100,000 of assessed value, while bonds are outstanding, at legal interest rates, with no funding for employee salaries or pensions, and required audits and citizens' oversight?

What is this proposal?

Details — Official information

Tax rate

https://kernvote.com/

 

An election will be held in the Wasco Union High School District (the “District”) on March 3, 2020, to authorize the sale of up to $38,950,000 in bonds (the “Bonds”) of the District to continue improving the quality of education in local schools of the District. Specifically, Bond proceeds shall be utilized for the purposes of acquisition, construction, renovation, furnishing, and equipping of school facilities, support facilities, and equipment.

If the Bonds are authorized and sold, debt service thereon 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 9400-9404 of the Elections Code of the State of California. It is anticipated that the District will sell the Bonds in separate series.

1.                  The best estimate of the average tax rate that would be required to be levied to fund the Bonds issued during the life of the Bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.9410 per $100 ($29.41 per $100,000) of assessed valuation. The final fiscal year in which the tax is anticipated to be collected is 2046-2047.

2.                  The best estimate of the highest tax rate that would be required to be levied to fund the Bonds, based on estimated assessed valuations available at the time of filing of this statement, is 2.9500 per $100 ($29.50 per $100,000) of assessed valuation which would first occur in fiscal year 2021–2022.

3.                  The best estimate of total debt service, including principal and interest, that would be required to be repaid if all the Bonds are issued and sold is $66.216 million. This estimate results in a debt service to principal ratio of 1.70:1, which is significantly less than the maximum ratio of 4.00:1 allowed by State law. This estimate is based on the assumption that interest rates will increase over time, and the Bonds will have a maximum term of 30 years per series.

Voters should note that the 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. 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 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 the need for construction funds and other factors, including the legal limitations on bonds approved by a 55% 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: November 14, 2019

_________________________/s/___

Lori Albrecht
Superintendent
Wasco Union High School District

 

Published Arguments — Arguments for and against

Arguments FOR

Vote YES on Measure A to modernize athletic facilities, by building a new gymnasium at
Wasco High School and renovating the existing, smaller gymnasium, providing students
and community members with access to safe, modern athletic facilities.

Since 1931, the existing gym has served generations of Wasco students and residents from young to old. Unfortunately, the 89-year-old gym is inadequate to serve as the primary gymnasium for Wasco High. The disparity between the existing gym and those in neighboring communities grows larger each year.

Measure A would fund a larger gym, supporting current student population and renovate the existing gym to enhance safety and community access. Improvements to Wasco High athletic facilities will benefit all students and the community for many future generations.

A YES vote on Measure A will:

·         Build and equip a safe, modern gymnasium for girls’ and boys’ physical education, health education, athletics and community use;

·         Replace or renovate existing gymnasium facilities including courts, instructional space, locker rooms, training facilities, and bathrooms;

·         Improve heating, air conditioning, electrical, and plumbing for athletics facilities; and

·         Benefit students, athletes and many public events.

Measure A includes strict fiscal accountability measures:

·         All funds must STAY LOCAL to benefit OUR schools.

·         NO funds can be used for administrators’ salaries or pensions.

·         Citizen Oversight, annual financial audits, and transparent public reporting ensure funds are spent properly.

·         NO new debt will be issued until all currently authorized unissued debt is rescinded.

With the above prudent steps and others that the District has taken to be a good steward of taxpayer dollars, The Kern County Taxpayers Association endorsed early, and joins us in urging a “YES VOTE on A”.

Please join parents, teachers, seniors, business owners, and community leaders in VOTING YES ON MEASURE A!

Submitted by

— https://kernvote.com/

Read the proposed legislation

Proposed legislation

 

Upon the passage of Measure _____, as set forth in the ballot, the Wasco Union High School District (the “District”) shall be authorized to issue bonds in the aggregate amount of $38,950,000 (the “Bonds”), bearing interest at rates not exceeding the statutory limit, for the purpose of funding the school facilities projects listed below (the “Bond Projects”) at the District’s school sites and properties.

Bond Accountability Measures

The Board certifies that it evaluated safety, class size reduction, and information technology needs in developing the list of the Bond Projects set forth below.

The Board will conduct financial and performance audits annually to account for the Bond funds and for their expenditure on the specific authorized projects.

The Board will appoint a citizens’ oversight committee (the “Citizens’ Oversight Committee”) having a minimum of seven members and including at least one member active in a business organization representing the business community located within the District, one member active in a senior citizens’ organization, one member active in a bona fide taxpayers’ organization, one member who is the parent or guardian of a child enrolled in the District and one member who is both a parent or guardian of a child enrolled in the District, and active in a parent-teacher organization.

The Bond Project List set forth below 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, along with related costs of school facilities as set forth herein, including the furnishing and equipping of said school facilities, or the acquisition or lease of real property for said school facilities.

Bond Project List

Specific projects that may be funded by the Bonds include without limitation, the following:

  • Construction of new gymnasium facilities
  • Modernization, renovation and reconstruction of existing gymnasium facilities

 

The cost of all the Bond Projects set forth in the list above may exceed the amount of bonds authorized by Measure ___. Approval of the District’s Measure ___ does not guarantee that the proposed school facilities projects in the District that are the subject of bonds under Measure ___ will be funded beyond the local revenues generated by Measure ___, or at all. The District’s proposal for the school facilities projects may assume receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure. The allocation of bond proceeds may also be affected by the final costs of each project.

 

Each of the Bond Projects described in the list above include all costs incidental but directly related to the specific projects described above. Such costs include, but are not limited to, demolition and relocation of existing structures, including but not limited to administrative support buildings, rental or construction of storage facilities and other space on an interim basis for materials and other equipment and furnishings displaced during construction, interim classrooms and facilities for students, administrators, and school functions but only to the extent such facilities are deemed necessary by the Board as a result of unforeseen conditions, addressing unforeseen conditions revealed by construction/modernization and other necessary improvements required to comply with existing building codes, including the Field Act, access requirements of the Americans with Disabilities Act, costs of the election, bond issuance costs and project administration during the duration of such projects, including administration by District personnel.

 

The Bond Projects may also include the construction, reconstruction, and modernization of facilities at District sites to accommodate future student population growth, including but not limited to a central corridor area project, school security improvements including fencing, along with the relocation of existing facilities.

For any of the Bond Projects described above with respect to construction at an existing District site, the District is authorized to identify an alternate site and/or acquire land for such purpose and construct the approved project at such site if the District has determined that the existing site does not satisfy the requirements of the Division of State Architect or other State laws, codes, and regulations applicable to public school sites.

The allocation of Bond proceeds may also be affected by the final costs of each project.

Necessary site preparation/grading/restoration and relocation of facilities, may occur in connection with new construction, reconstruction, rehabilitation or replacement, furnishing and equipping, 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.

Bond Program Management Costs

Bond Project expenditures may also include:

Program Costs: Staffing and other general and administrative costs to manage and execute the Bond Program.

 

Escalation Reserve: Reserve for unanticipated price inflation costs.

Program Reserve: Reserve for unanticipated scope costs or for unanticipated opportunities to enhance project scope or schedules.

 

Additional Specifications

Listed projects may be completed at any and all district sites where such project is determined necessary. Where economically feasible, buildings, fixtures, and equipment may be replaced rather than modernized, renovated, or repaired. Each project is assumed to include its share of costs of the election and bond issuance, architectural, engineering, and similar planning costs, construction management, bond project staff, staff training expenses associated with 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 Projects also include the acquisition of land, instructional, maintenance and operational furniture and equipment, payment of the costs of preparation of all facilities planning and project implementation studies, feasibility and assessment reviews, master planning, environmental studies, and temporary housing for dislocated programs or activities caused or necessitated by construction projects.

 

Listed projects, repairs, improvements, rehabilitation projects, and upgrades will be completed only as feasible, and the Bond Project list does not imply a particular prioritization among such improvements, which remains the province of the Board by subsequent action.

 

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

 

The cost of all the Bond Projects set forth in the list above may exceed the amount of bonds authorized by Measure ___. Approval of the District’s Measure ___ does not guarantee that the proposed school facilities projects in the 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 school facilities projects may assume receipt of matching state funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure. The allocation of bond proceeds may also be affected by the final costs of each project.

 

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 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. When sold, the Bonds shall bear interest at an annual rate not exceeding the statutory maximum. The Bonds may be issued and sold in several series and in accordance with a plan of finance determined by the Board pursuant to requirements of law.

 

In the event that as of December 31, 2035, there are unissued Bonds from Measure __, the Board will take action to cancel such authorized but unissued Bonds.

 

Additionally, if the District is unable to fully issue the Bonds from Measure __, the District will cancel any authorized but unissued debt, upon passage of a future District bond measure.

 

Project Requiring State Matching Funds. Approval of the District’s Bond Measure does not guarantee that the proposed District projects that are the subject of the Measure will be funded beyond the local revenues generated by the Measure, or at all. Some of the District’s projects may assume the receipt of state matching funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure

 

 

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