Sierra Sands Unified School District

Measure C - 55% Approval Required

 Resolution can be found at https://www.sbcountyelections.com/Portals/9/Elections/2022/0607/Measures/SierraSandsUSD/Resolution_SierraSandsUSD.pdf?ver=2022-03-11-171455-680

Exhibit B, page 2

CERTIFICATION

I, Dr. Dave Ostash, Secretary of the Board of Education of the Sierra Sands Unified School District, Kem and San Bernardino Counties, California, do hereby certify that the foregoing is a full, true, and correct copy of a resolutionduly approved and adopted by the Board of Education

of the District at a meeting held on March L, 2022, of which meeting all the members of the Board

of Education had due notice and at which a majority thereof were present, and that at the meeting the resolution wasadopted by the following vote:

AYES:     Houck, Johnson, Rockwell, Scott

NOES:     0

ABSENT:   Farris

ABSTAIN: 0

An agenda for the meeting was provided in advance of the meeting, as required by law, to all members of the Board of Education and to all media outlets that have requested notification. Further the agenda was posted in advanceof the meeting, as required by law, at the District at 113

W. Felspar Avenue, Ridgecrest, California 93555, a location freely accessible to members of the public, and a briefdescription of the resolution appeared on the agenda.

I have carefully compared the foregoing resolution with the original minutes of the meeting on file and ofrecord in my office, and the foregoing is a full, true, and correct copy of the original resolution adopted at the meetingand entered in the minutes.

Dated:      March 7          , 2022

Dr. Dave Ostash

Secretary of the Board of Education Sierra Sands Unified School District

EXHIBIT B

TAX RATE STATEMENT

SIERRA SANDS UNIFIED SCHOOL DISTRICT

An election will be held in the Sierra Sands Unified School District (the "District") on June 7, 2022, to authorize the sale of up to $52,800,000 in bonds (the "Bonds") of the District to update and reconstruct local schools to expand science, technology, engineering, arts and math programs; provide equitable access to modernized classrooms and facilities; improve school safety and energy efficiency; and construct and equip classrooms and facilities, with citizen oversight and all moneystaying local.

If the Bonds are authorized and sold, debt service thereon will be payable from the proceeds of tax levies made upon thetaxable 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 3 separate series.

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 5.99¢ per $100 ($59.90 per $100,000) of assessed valuation. The final fiscal year in which the tax is anticipated to be collected is 2055- 56.

2.             The best estimate of the highest tax rate that would be required to be levied to fund this Bond issue, based on assessed valuations available at the time of filing of this statement, is 5.996¢ per $100 ($59.96 per $100,000) of assessed valuation which would first occur in fiscal year 2027-28.

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 $96,315,350. This estimate results in a debt service to principal ratio of 1.82:1, which is significantly less than the maximum ratio of 4.00:1 allowed by State law. This estimate is based on assumptions that interest rates will increase over time, and the Bonds wiJl 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, the years in which they will apply, and the final term of each series of Bonds may vary from those presently estimated, due to variations from these estimates in the timing ofBond sales, the amount of Bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term ofrepayment of the Bonds.

Exhibit 8, page 1

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 wi11 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 theannual assessment and the equalization process.

Dated:     March 7        , 2022

Dr. Dave Ostash, Superintendent

Sierra Sands Unified School District

Exhibit B, page 2

EXHIBIT A

BALLOT  MEASURE FULL TEXT OF THEMEASURE

Upon the passage of Measure            , the Sierra Sands Unified School District (the

"District") shall be authorized to issue bonds in the aggregate amount of $52,800,000 (the "Bonds") , bearing interest at rates not exceeding the statutory limit, for the purpose of funding the school facilities projects listed below (the "Projects") at the District's school sites and properties, subject to the accountability safeguards set forth below.

Bond Accountability Measures

The Board certifies that it evaluated safety, class size reduction, information technology needs, and community inputin 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 members to a 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 Distr ict, 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 ofthe 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 schoo] facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

Bond Proiec t List

This Bond Project List, which is an integral part of this proposition, describes the specific Projects the Districtproposes to finance with proceeds of the Bonds.

In order to meet all identified facilities 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, federal funds, 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 this Bond Project List or other high priority capital outlay expenditures as permitted inEducation Code section l 7O7O. 63(c).

l 5 1 5 82v3 / S IERV.3 5.4

Exhibit A, page 1

Specific Projects which may be funded by the Measure_ include, without limitation, the following:

•       Modernize and upgrade classrooms and labs, acquire equipment, and acquire and provide technology neededto support high quality instruction for science, technology, engineering, art, and math (STEAM) and Career Technical Education (CTE) opportunities

•       Repurpose, repair, update, upgrade, modernize, and reconstruct James Monroe Middle School to occupythe District Office and other District operations

•       Enhance, repair, update, upgrade, modernize, and reconstruct Murray Middle School to become a Junior HighSchool for all District 7^th and 8^th grade students

•       Modernize Vieweg Elementary School site to become a Middle School for all District 6^th grade students,including construction of a gym

•       Install solar panels

•       Update, upgrade, modernize, repair, and reconstruct school facilities, including classrooms and labs, to provideequitable access to all students

•       Repair, replace, upgrade, and modernize school and district facilities with energy efficient systems andequipment

•       Acquire, repair, replace, upgrade, and modernize school, district, and administration facilities to meet currenthealth and safety standards, including security systems and lighting

•       Construct and equip classrooms, labs and school facilities

•       Replace deteriorating plumbing, electrical, heating, and cooling systems

•       Construction and installation of athletic facilities for physical education, school sports programs, andcommunity use

Bond Program Management Costs

Project expenditures may also include:

•       Staffing and other general and administrative costs to manage and execute the Bond program.

•       Escalation Reserve for unforeseen price inflation costs.

•       Program Reserve for unanticipated scope costs or for unanticipated opportunities to enhance project scope orschedules.

15l582v3 / SIERU.35.4

Exhibit A, page 2

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 otherState laws, codes, and regulations, including, but not limited to hazardous substances, applicable to school district properties.

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

Necessary site preparation/grading/restoration may occur in connection with new construction, reconstruction, modernization, renovation, 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 and are authorized Project costs.

Additional Specifications

Listed projects, repairs, improvements, rehabilitation projects, and upgrades will be completed only as feasible, and the list of Projects does not imply a particular prioritization among such improvements. Such prioritization remains within the province of the Board of Education by subsequent action. The Projects may be completed at any and all school 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 andconstruction costs. In addition to the Projects listed above, the Bond Project List also includes 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, temporary housing for dislocated programs or activities caused or necessitated by construction projects, and construction, repairs, and improvements in the event of unforeseen emergencies or other circumstances in order to permit the continuanceof existing educational services or to avoid danger to life or property.

Sin gle 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 theBoard pursuant to requirements of law.

!5 l 582v3 / SIERU.35.4

Exhibit A, page 3

Projec t Requiring State Matchin g Funds. Approval of Measure_ does not guarantee that the proposed District Projects that are the subject of Bonds under Measure •-· will be funded beyond the local revenues generated by Measure_.  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.

15l582v3 / SIERU.35.4

Exhibit A, page 4