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Measure C Bond Mill Valley School District Safety and Modernization Bond - 55% Approval Required Pass: 5530 / 66.94% Yes votes ...... 2731 / 33.06% No votes
See Also:
Index of all Measures |
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Results as of Dec 29 12:07pm, 100.0% of Precincts Reporting (22/22) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To reconstruct and modernize Mill Valley elementary and middle schools, including installing and constructing fire safety, emergency communications, seismic and disabled access improvements; providing sufficient space for students; and repairing or replacing outdated plumbing, electrical and other vital systems and facilities, shall the Mill Valley School District be authorized to issue $59,800,000 in bonds for Phase 1 of the approved Facilities Master Plan, and establish a Citizens' Oversight Committee to ensure all expenditures are made according to the plan?
The bonds would provide funding for construction, reconstruction, rehabilitation, or replacement of school facilities, including furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. The Mill Valley School District would be authorized to issue $59.8 million in bonds in one or more series, to improve school sites as specified in the District's Project List, with oversight by an independent Citizen's Oversight Committee to monitor all expenditures.
s/PATRICK K. FAULKNER
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Arguments For Measure C |
Please vote YES on Measure C. Mill Valley elementary
and middle school students deserve safe, modern schools,
and all Mill Valley residents should feel proud of how we
serve our community's children.
Most of Mill Valley's schools are over 50 years old. The Mill Valley School District has done a great job - with limited resources - keeping up the safety and appearance of our schools. But many of the vital systems that keep our schools running, safe, warm and dry are simply approaching the end of their useful lives. Continuing to make temporary and piecemeal fixes is extremely expensive and impractical. Waiting for those systems to fail completely is irresponsible. Measure C is the result of two years of thorough community discussion on how to best address the needs of our schools. This well-planned, cost-effective approach will prepare our elementary and middle schools to meet our educational needs for many years to come.
Measure C addresses our most urgent and immediate facilities
needs, including:
Now is the right time to do this necessary work. Waiting to get started will only increase the cost. Please join us in VOTING YES on Measure C and give Mill Valley safe, modern K-8 schools.
s/STEVEN J. SELL
s/LEANNE HANSEN
s/ANDREW BERMAN
s/TRISHA GARLOCK
s/ROBERT F. CANEPA
(No arguments against Measure C were submitted) |
Tax Rate Statement from Superintendent |
EXHIBIT B.
Tax Rate Statement for Measure C 1. The best estimate of the tax rate which would be required to be levied to fund principal and interest payments on this bond issue during the first year after the sale of the first series of bonds (fiscal year 2010-11), based on estimated assessed valuations available at the time of this statement is $0.01960 per $100 ($19.60 per $100,000) of assessed valuation. 2. The best estimate of the tax rate which would be required to be levied to fund principal and interest payments on this bond issue during the first year after the sale of the last series of bonds (fiscal year 2014-15), based on estimated assessed valuations available at the time of this statement is $0.02996 per $100 ($29.96 per $100,000) of assessed valuation. 3. The best estimate of the highest tax rate which would be required to be levied to fund principal and interest payments on this bond issue, based on estimated assessed valuations available at the time of this statement is $0.03000 per $100 ($30.00 per $100,000) of assessed valuation which would apply in year 2031-32. Attention of all voters is directed to the fact that the foregoing information regarding tax rates is based upon District projections and estimates only, which are not binding on 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 timing of the bond sales, the amount of bonds sold at any given sale, market interest rates at the time of each bond sale, and actual assessed valuations over the term of repayment of the bonds.
Dated: August 6, 2009 |
Full Text of Measure C |
FINDINGS The Mill Valley School District for many years has relied on its existing, but limited capital-improvement resources to maximize the use of its aging elementary and middle school facilities while keeping them safe for students, teachers and staff. To identify the most cost-effective, responsible and timely approach for addressing its long-term facilities and school safety needs, the Mill Valley School District conducted a more than two-year process of study and assessment that included extensive staff and public participation and input. The resulting comprehensive Facilities Master Plan will serve as a decision making guide for the District as it strives to provide a safe learning and work environment conducive to high levels of student learning. Financing the Facilities Master Plan through a bond measure is the most cost-effective way to pay for long-term capital improvements; and, the amount of this bond is within the limits allowed by state law. This bond measure is needed to complete Phase 1 of the Facilities Master Plan with the primary focus on keeping school buildings safe, meeting the District's immediate need for adequate classroom space and avoiding expensive patchwork repairs to Edna Maguire Elementary School that would cost nearly as much to make as reconstructing the school. Proceeds from this bond measure will only be spent to improve and upgrade the Mill Valley School District's elementary and middle school facilities, cannot be taken away by the state and can only be spent on items specified in the Project Plan, with oversight by an independent Citizens Oversight Committee.
BOND AUTHORIZATION 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, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.
ACCOUNTABILITY SAFEGUARDS Evaluation of Needs. The Board of Trustees hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List contained in Exhibit A. Independent Citizens' Oversight Committee. The Board of Trustees shall establish an independent Citizens'Oversight Committee (pursuant to Education Code Section 15278 and following), to ensure bond proceeds are spent only for the school facilities projects listed in Exhibit A. The committee shall be established not later than 60 days after the date when the results of the election appear in the minutes of the Board of Trustees. Annual Performance Audits. The Board of Trustees shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in Exhibit A. Annual Financial Audits. The Board of Trustees 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 Exhibit A. Special Bond Proceeds Account; Annual Report to Board of Trustees. Upon approval of this proposition and the sale of any bonds approved, the Board of Trustees 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 an annual report to be filed with the Board of Trustees, with the first report to be filed not later than one year after the first series of Bonds have been issued, stating (1) the amount of bond proceeds received and expended in that year, and (2) 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 of Trustees.
BOND PROJECT LIST The Bond Project List describes the specific projects the Mill Valley School District proposes to finance with proceeds of the bonds. Listed construction projects, repairs, rehabilitation projects and upgrades will be completed as needed at a particular school site according to Board of Trustees established priorities. Each project is assumed to include its share of costs of the election and bond issuance, architectural, engineering, inspection and similar planning costs, construction management (whether performed by the District or by third parties), annual financial and performance audits, a customary contingency for unforeseen design and construction costs, and other costs incidental to and necessary for completion of the listed projects. The final cost of each project will be determined as plans are finalized, construction bids are awarded, and projects are completed. Certain construction funds expected from non-bond sources have not yet been secured. Until all project costs and funding sources are known, the Board of Trustees cannot determine the amount of bond proceeds available to be spent on each project, nor guarantee that the bonds will provide sufficient funds to allow completion of all listed projects. Some projects may be subject to further government approvals by State officials and boards, and to local environmental review. For these reasons, inclusion of a project on the Bond Project List is not a guarantee that the project will be completed.
FURTHER SPECIFICATIONS Reimbursement for Project Costs. A portion of the proceeds of the bonds shall be applied to reimburse the District for expenditures made on or after April, 2008 and prior to the date of the election for the capital costs of acquiring and installing an emergency response notification system for staff and parents, using voice over Internet protocol telephone, and preliminary expenditures directly related to the Bond Project List contained in Exhibit A. Other Terms of the Bonds. When sold, the bonds shall bear interest at an annual rate not exceeding the statutory maximum, and interest will 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 40 years from the date that bond is issued.
EXHIBIT A
Edna Maguire Elementary School
New Construction and Modernization
352 Throckmorton Avenue, Mill Valley
Safety and Communication
360 East Blithedale Avenue, Mill Valley
Safety and Communication
117 East Strawberry Drive, Mill Valley
Safety and Communication
350 Bell Lane, Mill Valley
Safety and Communication
425 Sycamore Avenue, Mill Valley
Building Systems and Renovation
Safety and Communication
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