Muroc Joint Unified School District

Measure B - 55% Approval Required

Resolution can be found at https://www.sbcountyelections.com/Portals/9/Elections/2022/0607/Measures/MurocJUSD/Resolution_MurocJUSD.pdf?ver=2022-03-11-171510-233

TAX RATE STATEMENT REGARDING PROPOSED

MUROC JOINT UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION BONDS

I  ED

MAR 10 2022

BY                           DEPUTY REGISTRAR OF VOTERS

An election will be held in the Muroc Joint Unified School District (the "District") on June 7, 2022 to authorize the sale of up to $21.0 million in bonds of the District to finance school facility improvements as described in the measure. If such bonds are authorized and sold, principal and interest on the bonds will be payable only from the proceeds of ad valoremproperty tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California. Such information is based upon the best estimatesand projections presently available from official sources, upon experience within the District, and other demonstrablefactors.

Based upon the foregoing and projections of the District's assessed valuation, the following information is provided:

1.     The best estimate of the average annual tax rate that would be required to be levied to fund this bond issue over the entire duration of the bond debt service, based on a projection of assessed valuationsavailable at the time offiling of this statement, is 4.7¢ per $100 of assessed valuation (or $47.00 per $100,000 of assessed value). The final fiscal year in which the tax is anticipated to be collected is 2056-57.

2.     The best estimate of the highest tax rate that would be required to be levied to fund this bond issue, based on a projection of assessed valuations available at the time of filing of this statement, is 4.9¢ per$100 of assessed valuation (or $49.00 per $100,000 of assessed value). It is estimated that such ratewould be levied starting in fiscal year 2022-23 and following.

3.     The best estimate of the total debt service, including the principal and interest, that would be required tobe repaid if all the bonds are issued and sold is approximately

$40.0 million.

Voters should note the estimated tax rates are based on the assessed value (not market value) of taxable property on the County's official tax rolls. In addition, taxpayers eligible for a property tax exemption, such as the homeowner's exemption, will be taxed at a lower effective tax rate than described above. Property owners should consult their own property tax bills and tax advisors to determine their property's assessed value and any applicable tax exemptions.

These estimates are based on projections derived from information obtained from official sources. The actual tax rates andthe years in which they will apply may vary depending on the timing of bond sales, the amount of bonds sold at each sale and actual increases in assessed valuations. The timing of the bond sales and the amount of bonds sold at any given time will be determineci by the needs of the District. Actual assessed valuations will depend upon the amount and value of taxable property within the District as determined in the assessment and the equalization process.

Superintendent

Muroc Joint Unified School District

EXHIBIT B

FULL TEXT BALLOT PROPOSITION

OF THE MUROC JOINT UNIFIED SCHOOL DISTRICT BOND MEASUREELECTION JUNE 7, 2022

The following is the full proposition presented to the voters by the Muroc Joint Unified School District.

"To improve and repair facilities at Boron Schools, enhance student safety/security systems, acquire/construct/renovateDistrict facilities, classrooms, and equipment, update heating/ air conditioning systems, make health/safety improvements, and improve student access to technology, shall this Muroc Joint Unified School District measure authorizing $21,000,000 of bonds at legal rates, levying 4.9¢ per $100 of assessed value (averaging $1,140,000 annually) while bonds are outstanding, be adopted with annual audits, independent citizens' oversight and NO money for administrative salaries?"

PROJECT LIST

The Board of Trustees of the Muroc Joint Unified School District is committed to improving the quality of education and providing a modern learning environment in local schools with safe, secure and upgraded classrooms which keep pace with 21^st Century technologies and learning standards. To that end, in developing the scope of projects to be funded, the Board evaluated the District's urgent and critical facility needs, including safety issues, class size, and computer and information technology. The District evaluated current facilities and received pu91ic input in developing this Project List. Teachers, staff, community members and the Board have prioritized key health and safety projects so thatthe most critical facility needs are addressed.

The Project List includes the following types of upgrades and improvements at the following District schools and Facilities serving the communities of Boron, North Edwards, Desert Lake, and Aerial Acres:

West Boron Elementary School; Boron Junior-SeniorHigh School; and Lynch Learning Center

Basic School Repair and Upgrade Projects

•        Repair or replace leaky roofs.

•       Make health and safety improvements, including fire alarms and lighting.

•       Modernize and renovate outdated classrooms, restrooms, laboratories, libraries and other school facilities.

•       Repair or replace aging plumbing, electrical, communications, heating and air conditioning systems.

•       Renovate, and improve athletic and recreational facilities, including gymnasium, locker rooms, tracks, football stadium, baseball fields, tennis courts, playgrounds and associated bleachers, other seating, press box and lightingand restrooms for such facilities.

•       Renovate and improve the multi-purpose room at the District's Lynch Learning Center.

•        Improve student access to computers and modern technology, including network infrastructure.

•        Improve student drop-off and pick-up areas, including parking lots.

•       Repair or replace outdated heating, ventilation and air-conditioning systems.

•       Improve campus security and safety  features, including fencing,  gates, lighting, and all associatedmonitoring and communication systems.

•       Renovate and modernize counseling, student services and maintenance facilities and spaces.

•       Repair and renovate food service facilities, cafeterias, kitchens, and related facilities.

•        Improve accessibility for students with disabilities.

•       Ensure safe drinking water for students.

* * *

The listed projects will be completed as needed. Each project is assumed to include its share of furniture,equipment, architectural, engineering, and similar planning costs, program/project management, staff training expensesand a customary contingency for unforeseen design and construction costs. In addition to the listed projects stated above, the Project List also includes the acquisition of a variety of instructional, maintenance and operational equipment, the reduction or retirement of outstanding lease obligations and interim or bridge funding incurred to advance fund projects from the Project List; installation of signage and fencing; payment of the costs of preparation of all facility planning, facility studies, assessment reviews, facility master plan preparation and updates, environmental studies (including environmental investigation, remediation and monitoring), design and construction documentation, and temporaryhousing of dislocated District activities caused by construction projects. In addition to the projects listed above, the repair and renovation of each of the existing school facilities may include, but not be limited to, some or all of the following: repairand replace heating/boiler, plumbing, gas, water/sewer, drainage and ventilation systems; renovate student and staff restrooms; acquire land and facilities for educational and administrative purposes; improve outdoor learning spaces and shade structures; repair and replace worn-out roofs, windows, walls, doors, doorframes and drinking fountains; improve school facilities for disability access; install or upgrade wiring and electrical systems to safely accommodate computers, technology and other electrical devices and needs; upgrade or construct classroom and support facilities, including administrative, physical education, warehousing, wood shop, cafeteria, multi-purpose rooms, classrooms, auditorium,science building, media centers and maintenance yards; replace portable classroo:ns; repair and replace fire alarms, emergency communications, intercoms, and security systems; resurface or replace hard courts, asphalt, turf and drainage/irrigation systems and campus landscaping; improve or expand parking and traffic circulation flow; enhance fire and maintenance access roads; interior and exterior painting and floor covering; or replace; construct various forms of storage and support spaces; upgrade classrooms; repair, upgrade or install interior and exterior lighting systems; improve or construct gymnasium, locker rooms, wrestling rooms, athletic fields/stadiums/pools/courts, restrooms lockers, tracks, bleachers and concession areas; construct tennis courts; improve handicapped accessibility; replace outdated security fences and security systems. The upgrading of technology infrastructure includes, but is not limited to, servers, switches, routers, network security/firewall, wireless technology systems and other miscellaneous equipment. The allocation of bond proceeds will be affected by the final costs of each project. The District may not be able to complete some of the projects listed above. The budget for each project is an estimate and may be affected by factors beyond the District's control. Some projects throughout the District, such as gyms, fields and performing arts facilities, may be undertaken as joint useprojects in cooperation with other local public or non-profit agencies. The final cost of each project will be detennined as plans and construction documents are finalized, construction bids are received, construction contracts are awarded and projects are completed. The allocation of bond proceeds may be affected by the District's receipt of State matching funds and the final costs of each project. Based on the final costs of each project, certain of the projects described above may be delayed or may not be completed. Demolition of existing facilities and reconstruction of facilities scheduled for repair and upgrade may occur, if the Board detennines that such an approach would be more cost-effective in creating more enhanced and operationally efficient campuses. Necessary sitepreparation/restoration or geological stabilization may occur in connection with new construction, renovation or remodeling, or installation or removal of relocatable classrooms, including ingress and egress, removing, replacing, or installing irrigation, utility lines, trees and landscaping, relocating fire access roads, and acquiring any necessaryeasements, licenses, or rights of way to the property.

Bond proceeds shall only be expended for the specific purposes identified herein. The District shall create an account into which proceeds of the bonds shall be deposited and comply with the reporting requirements of GovernmentCode § 53410.

FISCAL ACCOUNTABILITY: IN ACCORDANCE WITH EDUCATION CODE SECTION 15272, THE BOARD OF TRUSTEES WILL APPOINT A CITIZENS' OVERSIGHT COMMITTEE AND CONDUCT ANNUAL INDEPENDENT AUDITS TO ASSURE THAT FUNDS ARE SPENT ONLY ON DISTRICT PROJECTS AND FOR NO OTHER PURPOSE. THE EXPENDITURE OF BOND MONEY ON THESEPROJECTS IS SUBJECT TO STRINGENT    FINANCIAL    ACCOUNTABILITY    REQUIREMENTS.           BY LAW, PERFORMANCE AND FINANCIAL AUDITS WILL BE PERFORMED ANNUALLY, AND ALL BOND EXPENDITURES WILL BE MONITORED BY AN INDEPENDENT CITIZENS' OVERSIGHT COMMITTEE TO ENSURE THAT FUNDS ARE SPENT AS PROMISED AND SPECIFIED. THE CITIZENS' OVERSIGHT COMMITTEE MUST INCLUDE, AMONG OTHERS, REPRESENTATION OF A BONA FIDETAXPAYERS ASSOCIATION, A BUSINESS ORGANIZATION AND A SENIOR CITIZENS ORGANIZATION.  NO DISTRICT EMPLOYEES OR VENDORS ARE ALLOWED TO SERVE ON THE CITIZENS' OVERSIGHTCOMMITTEE.

NO ADMINISTRATOR SALARIES: PROCEEDS FROM THE SALE OF THE BONDS AUTHORIZED BY THIS PROPOSITION SHALL BE USED ONLY FOR THE ACQUISITION, CONSTRUCTION, RECONSTRUCTION,REHABILITATION, OR REPLACEMENT OF SCHOOL FACILITIES, INCLUDING THE FURNISHING ANDEQUIPPING OF SCHOOL FACILITIES, AND NOT FOR ANY OTHER PURPOSE, INCLUDING TEACHER AND SCHOOL ADMINISTRATOR SALARIES AND OTHER OPERATING EXPENSES.