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March 3, 2020 — Primary Election
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Special District

Berkeley Unified School District
Measure G - 55% Approval Required

To learn more about measures, follow the links for each tab in this section. For most screenreaders, you can hit Return or Enter to enter a tab and read the content within.

Election Results

Passed

37,403 votes yes (80.52%)

9,048 votes no (19.48%)

100% of precincts reporting (76/76).

To improve school facilities, construct/ modernize classrooms and campuses, complete seismic upgrades, construct science labs/ career technical education facilities, upgrade furnishings, equipment, technology, renovate playgrounds, improve energy efficiency, and qualify for State grants, shall the Berkeley Unified School District adopt a measure authorizing $380,000,000 in bonds at legal rates, generating approximately $21,347,300 annually at an average rate of 4.45 cents per $100 while bonds are outstanding, with independent citizen and auditor oversight and all funds remaining local?

What is this proposal?

Measure Details — Official information about this measure

Impartial analysis / Proposal

COUNTY COUNSEL'S IMPARTIAL ANALYSIS OF MEASURE G
ANALYSIS BY THE COUNTY COUNSEL FOR THE COUNTY OF ALAMEDA OF A BERKELEY UNIFIED SCHOOL DISTRICT BOND MEASURE

Measure G (“Measure”), a Berkeley Unified School District (“District”) bond measure, seeks voter approval to authorize the governing Board of the District to issue and sell bonds of up to $380,000,000 in aggregate principal amount at interest rates within the legal limits.

Pursuant to provisions of the California Constitution and the California Education Code, if 55% of those who vote on the Measure vote “yes,” the District will be authorized to issue bonds in the amount noted above. Approval of this Measure will authorize a levy on the assessed value of taxable property within the District by an amount needed to pay the principal and interest on these bonds in each year that the bonds are outstanding.

If approved, the District’s best estimates of the property tax rates required to be levied to fund the bond issue are as follows: the average tax rate estimate is 4.5 cents per $100 ($45 per $100,000) of assessed valuation, and the highest tax rate estimate is 5.9 cents per $100 ($59 per $100,000) of assessed valuation. The anticipated final fiscal year for collection of the tax is 2057/58, and the total debt service estimate to repay all of the bonds (including principal and interest) is $811,197,389.

California Education Code Section 15100 restricts the use of the proceeds from the bond sale to items such as building school buildings, improving school grounds, supplying school buildings and grounds with equipment, and the acquisition of real property for school facilities. In addition, proceeds may only be used for the projects listed in the Measure and not for any other purpose, such as teacher and administrator salaries.

This Measure provides that its proceeds will fund projects that include, among others: (a) completing seismic upgrades, replacing a heating and ventilation system, and constructing a parking structure at Berkeley High School; (b) constructing new classrooms and classroom buildings, acquiring and upgrading classroom technology, and acquiring and installing solar electricity generation District wide; and (c) upgrading, replacing and installing infrastructure systems, smoke and fire detection and suppression systems, and physical education playgrounds and athletic fields District wide.

Certain accountability measures apply, such as establishing an account to deposit the proceeds from the sale of the bonds. To ensure that the proceeds are spent only for the projects listed in the Measure, it provides for an Independent Citizens’ Oversight Committee, an annual independent performance audit, and an annual financial audit. Finally, the Superintendent shall file a report no later than December 31 of each year after the bonds have been issued and proceeds spent stating the amount of the bond proceeds received and expended and the status of any project funded from the proceeds.

This Measure is placed on the ballot by the governing board of the District.

DONNA R. ZIEGLER
County Counsel

The above statement is an impartial analysis of Measure G, which is printed in full in this sample ballot pamphlet. If you desire an additional copy of the Measure, please call the Elections Official's office at (510) 272-6933 and a copy will be mailed at no cost to you. You may also access the full text of the Measure on the Alameda County website at the following address: www.acvote.org.

Published Arguments — Arguments for and against the ballot measure

Arguments FOR

ARGUMENT IN FAVOR OF MEASURE G
A high-quality public education is supported by high-quality school facilities. Approval of this facilities bond will continue Berkeley's commitment to educate our children in safe, sound, and environmentally-sustainable public schools.

Passage of Measure G is urgently needed to:

  • Modernize elementary and middle schools that were built many years ago.
  • Build career technical education classrooms at all middle schools.
  • Modernize the Florence Schwimley Little Theatre at Berkeley High School.
  • Perform major replacements, such as roofs, boilers, and improve energy efficiency.
  • Work towards the goal of achieving Zero Net Energy in District buildings.
  • Install solar electric wherever possible to save millions of dollars a year in electric bills, in alignment with the District's Sustainability Plan.
  • Allow Berkeley to qualify for matching State funds.

Measure G is simply a continuation of Berkeley's current financial commitment to its schools. Tax rates will not be set higher than past levels.

The great results of Berkeley's past investment can be seen all around Berkeley:

  • Our schools are among the safest buildings in town and many are designated emergency shelters.
  • Well-maintained, attractive facilities provide a welcoming learning environment and enhance our neighborhoods.
  • New and renovated facilities at Berkeley High and across the district have improved student welfare and replaced unsafe and worn-out buildings.

Measure G includes strict oversight, independent annual audits, and a citizen's oversight committee. The State cannot take these funds.

Our community is uniting to invest in Berkeley schools. Measure G is endorsed by the League of Women Voters of Berkeley, Albany and Emeryville, the Berkeley PTA Council, and community members from across the city.

Measure G is also endorsed by every elected official in Berkeley.

We urge you to vote YES on all three Berkeley public schools measures: E, G, and H.

Learn more at www.committeeforberkeleypublicschools.org.

LEAGUE OF WOMEN VOTERS - BERKELEY, ALBANY, EMERYVILLE
by Ruby MacDonald, President

BERKELEY FEDERATION OF TEACHERS
by Matt Meyer, President

BERKELEY PTA COUNCIL
by Robert Collier, President

Nancy Skinner
State Senator

Jenny Wong
Berkeley City Auditor

Arguments AGAINST

Argument against Measure G, the Berkeley Public Schools Facilities and Maintenance Act of 2020
It is not easy to convince Berkeley voters to vote against a school facilities tax, since all voters want Berkeley schoolchildren to be educated in safe and adequate facilities, but there is one important reason why Berkeley voters should not be ready to approve this tax.

The problem with the proposed tax is the City's reliance on a non-public set of books to calculate building area, which differs from the County Assessor's public record. Over half of Berkeley taxpayers are taxed hundreds of dollars more a year than the size of their dwelling unit should cost, if the tax were calculated correctly. Until the City of Berkeley fixes this clandestine and ambiguous method of assessing Berkeley property owners, no new property taxes should be approved.

Please ask us again when you rectify the accounting errors that cause inequity and non-transparency in property taxation.

Replies to Arguments FOR

"Our schools are among the safest buildings in town and many are designated emergency shelters."
    Ahh - so you have enough money then?
"No - there is plenty more to do - we need a new BI IS parking structure w/ tenths court on top."
    Sounds like a crucial piece of infrastructure. What else?

"We need more solar panels and shade structures."
    Isn't buying green power from PG&E a cheaper method to achieve this same goal?

"Yes but now we can brag to other districts about how green Berkeley is. And besides, the bond is so big that there is room to fund projects like these."
    Maybe you don't need such a large bond then? And why can't you fund repair and maintenance out of district revenues? Why do you even need a bond?

"Pension contributions eat up all the extra money. Rather than fix that difficult structural issue, it's easier to ask Berkeley voters for $350. They never say no."

Or will property owners and tenants finally say, "Enough is enough!"?

"We won't vote to tax ourselves in this fiscally irresponsible manner. Households, owners and tenants alike, can no longer agree to these increases in our household budget. These extravagant tax increases cause lack of affordability for tenants too!"

Replies to Arguments AGAINST

REBUTTAL TO ARGUMENT AGAINST MEASURE G
The individual opponent of Measure G misunderstands the measure. Measure G authorizes the Berkeley Unified School District to sell bonds to finance school facilities. To repay the bonds, the measure levies taxes based on the assessed value of a property, not on the square footage of the structures. If there is a question about the City's calculation of square footage, it has no impact on the levy for Measure G.

Measure G will not raise the tax rate you currently pay for BUSD bonds.

Most importantly, BUSD has been a responsible steward of bond funds that Berkeley voters have authorized every ten years. That is why the League of Women Voters of Berkeley, Albany and
Emeryville, the Berkeley PTA Council, and all elected officials in. Berkeley support Measure G.

The results of the bond measures from 2000 and 2010 can be seen all around town in modern, safe, sustainable, and attractive school facilities. For example, Berkeley High has a new classroom building, state-of-the-art career technical education facilities, a regulation softball field, and a new athletics and track complex. Longfellow Middle School has a new dining facility. Jefferson Elementary School has been modernized. Much work remains to ensure that student learning environments meet 21st century safety and educational needs.

All BUSD projects are discussed in multiple public meetings in neighborhoods and at the School Board.

The Berkeley community takes great pride in its investment in public schools. Measure G will continue this proud tradition. Vote YES on Measure G!

LEAGUE OF WOMEN VOTERS - BERKELEY, ALBANY, EMERYVILLE
by Ruby MacDonald, President

BERKELEY FEDERATON OF TEACHERS
by Matt Meyer, President

BERKELEY PTA COUNCIL
by Robert Collier, President

Ka’Dijah Brown
Director, Berkeley School Board

Beatriz Leyva-Cutler
Director, Berkeley School Board

Read the proposed legislation

Proposed legislation

BERKELEY UNIFIED SCHOOL DISTRICT
BOND PROPOSITION
FULL BALLOT TEXT
By approval of this proposition by at least 55% of the registered voters voting thereon, the Berkeley Unified School District shall be authorized to issue and sell bonds of up to $380 million in aggregate principal amount to provide financing for the specific school facilities projects listed below in the Bond Project List, subject to all of the accountability safeguards specified herein.

SECTION I: KEY FINDINGS

  • The Berkeley Unified School District ("District") has served the community for well over a hundred years. The success of District students is a direct reflection of the great teachers, staff and leadership, challenging academics, and strong community support they receive.
  • The District has made considerable progress in repairing, upgrading and improving our local schools over the past several years. The District is more accessible to all students and has upgraded instructional technology, improved student safety and repaired some of the aging school facilities.
  • School safety and security is a high priority for the District and additional school improvements are needed in order to better prepare campuses to ensure the safety of students from natural disasters and other threats and risks.
  • In order to ensure that students are ready for college and/ or career, provide additional facilities and modernizations to support opportunities for career technical education, as well as improved facilities to support science, technology and other aspects of 21st century learning.
  • The District is committed to continuing a strong educational program for the students it serves, and to attracting and retaining quality staff by providing safe and secure schools that are equipped to support changing educational needs, methods and standards. The Board, acknowledging the significant benefit that the prior bond programs have provided for District students and the community, desires to build upon this success by raising additional funds to address the additional needs described herein.

SECTION II: ACCOUNTABILITY MEASURES

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

Evaluation of Needs. The District's Board of Education ("Board") has prepared an updated facilities plan in order to evaluate and address all of the facilities needs of the District at each campus and facility, and to determine which projects to finance from a local bond at this time. The Board hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List.

Independent Citizens' Bond Oversight Committee. The Board shall establish or empower an existing independent Citizens' Oversight Committee (pursuant to Education Code Section 15278 et seq. of the California Education Code), to ensure bond proceeds are expended only for the school facilities projects listed in the Bond Project List. The committee shall be established or empowered within 60 days of the date when the Board enters the results of the election in its minutes.

Annual Performance Audit. The Board shall conduct or cause to be conducted an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects described in the Bond Project List.

Annual Financial Audit. The Board shall conduct or cause to be conducted an annual, independent financial audit of the bond proceeds until all of those proceeds have been spent for the school facilities projects described in the Bond Project List.

Annual Report to Board. Upon approval of this measure 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 shall cause a report to be filed with the Board no later than December 31 of each year, commencing on the first December 31 after bonds have been issued and proceeds spent, stating (1) the amount of bond proceeds received and expended in the past year, and (2) the status of any project funded or to be funded from bond proceeds. The report may relate to the fiscal year or other appropriate annual period as the Superintendent shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board.

SECTION III: BOND PROJECT LIST

This Bond Project List, which is an integral part of this measure, describes the projects the District proposes to finance with proceeds of the bonds. All information contained within this "Section III: Bond Project List" (hereinafter "Bond Project List") comprises the list and description of permissible projects and expenses that may be paid from bond proceeds.

Proceeds from the sale of bonds authorized by this measure shall be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities on the Bond Project List, including the furnishing and equipping of said school facilities, or the acquisition or lease of real property for said school facilities, and not for any other purpose, including teacher or administrator salaries and other school operating expenses.

In order to meet all identified facility needs, the District intends to complete the following projects using a combination of funding sources. Other anticipated sources may include joint-use funds, development impact fees, state 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 the Bond Project List or other high priority capital outlay expenditures as permitted in Education Code section 17070.63(c) or as otherwise permitted by law and regulation.

Unless otherwise noted, the projects in the Bond Project List are authorized to be completed at each or any of the District's sites, as shall be approved by the Board:

  • Berkeley Arts Magnet Elementary
  • Cragmont Elementary
  • Emerson Elementary
  • Jefferson Elementary
  • John Muir Elementary
  • Sylvia Mendez Elementary
  • Malcolm X Elementary
  • Oxford Elementary
  • Rosa Parks Elementary
  • Thousand Oaks Elementary
  • Washington Elementary
  • Willard Middle School
  • M.L. King Jr. Middle School
  • Longfellow Middle School
  • Berkeley Adult School
  • Berkeley High School
  • B-Tech High School
  • King Pre-shcool
  • 1810 Hopkins Pre-school
  • Franklin Pre-school
  • Moellering Field
  • Plant Operations / Maintenance Facility
  • West Campus Facility
  • Transportation Facility

While the District has budgeted to complete specific projects, due to potential cost escalation, unforeseen conditions, and other factors, placement of a project on the Bond Project List is not a guarantee that every project listed will be completed. Furthermore, while no specific project is dependent on the receipt of state funding for completion, approval of this measure does not guarantee that all projects on this Bond Project List at all listed sites will be funded beyond the local revenues generated by this measure. The District's proposal for the projects assumes the receipt of some state matching funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

Specific projects to be funded by the bond measure may include, without limitation, and in no particular order, the following:

A. BERKELEY HIGH SCHOOL IMPROVEMENTS

  • Complete the modernization of Berkeley High School Florence Schwimley Little Theater, including seismic upgrade and remove the accessibility barriers to meet Americans with Disabilities Act requirements and modernization.
  • Replace antiquated Heating and Ventilation system in Building C. This project may include ancillary structural and finish upgrades to accommodate the new system
  • Construct a parking structure on the existing parking lot/tennis courts located on Milvia Street. Parking structure to be multi-level and to accommodate staff parking and will include tennis courts on the roof to support the BUSD tennis program, physical education and community use when not in use by BUSD programs.

B. CONSTRUCTION OF NEW PROJECTS AND ACQUISITION OF NEEDED EQUIPMENT

  • Construct new classrooms and classroom buildings to accommodate growth in enrollment, including elementary and pre-kindergarten enrollment growth.
  • Construct new Career Technical Education center and technology training classrooms, classroom buildings, science labs and other facilities, and renovate, rehabilitate or reconstruct classrooms and facilities to accommodate career, technical and science education.
  • Acquire and install or upgrade classroom technology equipment and fixtures, including computers, digital projectors, cameras and similar equipment.
  • Upgrade, replace existing or acquire new school, office and District-wide computer and data, voice, and audio-visual communications systems, including computers and computer network equipment and electrical infrastructure to accommodate technology upgrades.
  • Acquire and install solar electricity generation and distribution systems, including rooftop installation of solar panels, construction of parking lot shade structures and other structures to support solar panels and related infrastructure, and electrical system enhancements to accommodate solar power. Rehabilitate and replace such systems and equipment as needed in the future.
  • Acquire and install energy-saving improvements, including upgraded insulation, efficient lighting, windows and window coverings, shade canopies, energy management and conservation systems, and other passive technologies.
  • Construct new or renovate existing kitchens and serving areas at school sites.
  • Seismically renovate or replace District Maintenance, Food Service, and Warehouse buildings.
  • Furnish and equip schools, classrooms, science and technology labs, gyms, school offices, and other District facilities, which may include desks, chairs and classroom furniture, computers and audio-video production equipment, science, lab and technical equipment, kitchens and culinary equipment, gymnasium and physical education equipment, school site maintenance equipment, moveable partitions, copy machines and other school office equipment. Furnishing and equipping shall include initial purchases, and scheduled and necessary replacements, upgrades and updating technology.
  • Construct classrooms and classroom buildings, laboratories, libraries, lecture halls, multipurpose rooms, theaters, art and music instruction and recital rooms, and other educational facilities, gymnasiums and other physical education facilities, and maintenance and support facilities, to meet expanding and changing educational program needs at all grade levels.

C. RENEWAL OF BUILDING SYSTEMS AND REPLACEMENT AND IMPROVEMENT OF EXTERIOR GROUNDS

  • Upgrade, replace and install improved building infrastructure systems and system components, including for plumbing, gas, electrical, lighting, heating, ventilation and air conditioning systems; water supply, sewer lines and storm drains, and connections to city systems.
  • Upgrade, replace and install smoke and fire detection and suppression systems, and security systems, including cameras, intrusion detection, and alarm systems; doors and door locks, windows and window locks; public address, telephones, and emergency communications.
  • Renovate, replace or construct classrooms that have not yet been modernized, including doors, windows, walls, ceilings and floors and finishes, carpets, drapes, window coverings, lighting, sinks, fixtures and equipment.
  • Renovate, replace or construct and equip school kitchens, cafeterias, and teaching kitchens, including school gardens, food preparation, food storage, serving and dining areas.
  • Renovate, replace or construct other educational support facilities.
  • Construct or renovate restrooms as needed to support population size, remove accessibility barriers, and meet Americans with Disabilities Act requirements.
  • Install, construct, renovate or rehabilitate site improvements, including pedestrian paths, sidewalks and walkways, exterior shade canopies and rain structures, outside gathering and eating areas, lawns, quads and courtyards, benches; landscape
  • Exhibit B-4
  • improvements, irrigation and drainage; vehicle roads and parking, including reconfigured or new pickup/drop-off areas, ingress, egress, traffic lights and mitigation.
  • Install or replace exterior safety lighting, fencing, security monitoring and alarm systems, signage, electronic message boards.
  • Renovate, replace or construct physical education playgrounds and athletic fields and associated facilities, including all-weather tracks, natural or artificial turf fields, courts and stadiums, lighting, bleachers and restrooms. Provide storage for physical education, athletic and grounds maintenance equipment.
  • Resurface, refurbish, repair and paint building exteriors.
  • If and as opportunities become available, and to the extent the Board determines that bond funds are available for the purpose, acquire additional locations and construct, convert, renovate or improve such additional locations as the Board determines may be necessary and appropriate to serve designated educational purposes.

D. PERFORMANCE I F ADDITION L NECESSARY AND INCIDENTAL PROJECTS

  • Remove, dispose of, and otherwise remediate hazardous materials, including asbestos, lead, etc.; address other unforeseen conditions revealed by construction or modernization (including plumbing or gas line breaks, dry rot, seismic and structural deficiencies, etc.). Acquire or construct other improvements required to comply with building codes, including seismic safety requirements, the Field Act, and access requirements of the Americans with Disabilities Act (ADA).
  • Perform necessary site preparation or restoration in connection with new construction, renovation or remodeling, or installation or removal of relocatable classrooms, including demolition of structures; removing, replacing, or installing irrigation, drainage, utility lines (gas, water, sewer, electrical, data and voice, etc.), trees and landscaping; relocating fire access roads; and acquiring any necessary easements, licenses, or rights of way to the property.
  • Acquire or construct storage facilities and other space on an interim basis, as needed to accommodate construction materials, equipment, and personnel, and interim classrooms (including relocatables) for students and school functions or other storage for classroom materials displaced during construction.
  • Lease any of the facilities on the Bond Project List or acquire through lease-purchase or other appropriate financial arrangements; execute purchase option under a lease for any of these authorized facilities or other District facilities currently under lease.

Listed projects, repairs, improvements, rehabilitation projects and upgrades will be completed as needed. Projects may be done in phases, based on the Board's priorities. Decisions regarding the scope, timing, prioritization or other facets of project implementation will be made solely by the Board by subsequent action. Where terms such as "renovate," "modernize," "upgrade," and "improve" are used in the Bond Project List, the Board has the discretion to determine the best method for accomplishing the project's objective. For any listed project involving renovation or modernization of a building or the major portion of a building, the District may proceed with new replacement construction instead (including any necessary demolition and building relocation), if the District determines that replacement and new construction is more practical than renovation, considering the building's age, condition, expected remaining life, comparative cost and other relevant factors. In addition, where feasible, projects may be completed in partnership with other public or private agencies on a joint use basis using bond proceeds, subject to federal tax rules and regulations.

Each project is assumed to include its share of costs of bond issuance, architectural, engineering, legal and similar planning costs, construction management, bond project staff and consultants, staff development and training expenses associated with learning construction techniques and approaches and new bond-funded equipment and systems, the furnishing and equipping of all projects, including equipment to maintain facilities in a safe and clean condition, and a customary contingency for unforeseen design and construction costs. Payment of the costs of preparation of facilities planning and project implementation studies, feasibility and assessment reviews, master planning, environmental studies, permit and inspection fees, Division of State Architect (DSA) - related requirements, studies and assessments, including ADA and seismic, and temporary housing and relocation costs for dislocated programs or activities caused or necessitated by projects on the Bond Project List are permissible bond expenditures.

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. Necessary site preparation, grading or restoration may occur in connection with acquisition of property, new construction, modernization, 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, leases, licenses or rights of way to the property.

While no specific project is dependent on the receipt of state funding for completion, approval of this measure does not guarantee that all projects on this Bond Project List at all listed sites will be funded beyond the local revenues generated by this measure. The District's proposal for the projects assumes the receipt of some state matching funds, which could be subject to appropriation by the Legislature or approval of a statewide bond measure.

SECTION IV: ADDITIONAL SPECIFICATIONS

No Administrator Salaries. Proceeds from the sale of Bonds authorized by this proposition shall be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities on the Bond Project List, including the furnishing and equipping of said school facilities, or the acquisition or lease of real property for said school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

Joint Use. The District may enter into agreements with the City of Berkeley or other public agencies or nonprofit organizations for joint use 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 Section 15100 of the California 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. The bonds may be issued and sold in several series, and in accordance with a financing plan determined by the Board of Education pursuant to requirements of law. When sold, the bonds shall bear interest at an annual rate and with a term not exceeding the statutory maximum. Furthermore, the weighted average maturity of each issue of bonds will not exceed 120 percent (120%) of the average reasonably expected economic life of the projects financed by the bonds, consistent with federal tax law. Bond funds may be used to reimburse the District for Bond Project List expenditures incurred prior to the election and bond issuance, in accordance with federal tax law.

The number of years the whole or any part of the bonds are to run shall not exceed 40 years from the date of the bonds or the date of any series thereof.

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, nor are the summary estimates, if any, provided in the Ballot Label. The actual tax rates, debt service 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 need for construction funds and other factors. 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.

In preparing this information, the District obtained reasonable and informed projections of assessed property valuations that took into consideration projections of assessed property valuations made by the County Assessor, if any, in accordance with Education Code Section 15100(c).

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