This is an archive of a past election. See http://www.smartvoter.org/ca/sm/ for current information. |
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Measure W School Bond Menlo Park City School District 55% Approval Required Pass: 4,222 / 75.3% Yes votes ...... 1,383 / 24.7% No votes
See Also:
Index of all Measures |
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Results as of Jan 15 5:15pm, 100.0% of Precincts Reporting (21/21) 25.4% Voter Turnout (91,335/359,535) |
Information shown below: Impartial Analysis | Arguments | Tax Rate Statement | Full Text | ||||
To support high quality education, avoid student overcrowding at our existing schools as enrollment continues to increase, and renovate and expand educational facilities at the O'Connor Elementary School site planned to reopen in Menlo Park's Willows neighborhood, all as described in the Bond Project List, shall the Menlo Park City School District issue $23 million of bonds at legal interest rates, establish an independent citizens' oversight committee, perform annual audits, and use no bond money for teacher or administrator salaries?
A "yes" vote on this measure would authorize the Menlo Park City School District to issue bonds in an amount not to exceed $23 million for the purposes listed in the "Bond Project List." A "no" vote would preclude the Menlo Park City School District from issuing the bonds. This measure passes if 55% of those voting on the measure vote "yes"
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Arguments For Measure W |
Menlo Park City School District elementary schools are
overcrowded due to explosive enrollment growth--over 40%
in the past decade. Growth is projected to continue for at least
the next ten years. Laurel, Encinal, and Oak Knoll are currently
operating at approximately 220 students over planned capacity.
District students have an immediate need for additional classroom
space to alleviate overcrowding at all three schools.
The Solution: Measure W will raise the local funds necessary to build a school on the Menlo Park City School District-owned O'Connor site with classroom capacity to serve current and future enrollment need. The need for another campus is clear:
We must continue to invest in the schools in our community. Great schools support students, protect and enhance our property values, and make for great communities. Vote YES on Measure W. For more information visit http://www.SupportMenloParkSchools.org. /s/ Carol Orton Small Business Owner /s/Tom LeMieux Realtor /s/ Allen Weiner Trustee, Sequoia Union High School Governing Board /s/Rebecca Bloom Community Volunteer /s/ Nancy Kessler Community Volunteer
(No arguments against Measure W were submitted) |
Tax Rate Statement |
An election will be held in the Menlo Park City School District
(the "District") on November 5, 2013, to authorize the sale of
up to $23,000,000 in bonds of the District to finance school
facilities as described in the measure. If the bonds are approved,
the District plans to sell the bonds in one series over a period of
approximately one year. Principal and interest on the bonds will
be payable from the proceeds of tax levies made upon the taxable
property in the District. The information presented in numbered
paragraphs 1-3 below is provided in compliance with Sections
9400-9404 of the Elections Code of the State of California. 1. The best estimate of the maximum tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the first series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is no more than eighty-seven one hundredths of a cents per $100 ($8.70 per $100,000) of assessed valuation in fiscal year 2014-15. 2. The best estimate of the maximum tax rate which would be required to be levied to fund this bond issue during the first fiscal year after the sale of the last series of bonds, based on estimated assessed valuations available at the time of filing of this statement, is no more than eighty-seven one hundredths of a cent per $100 ($8.70 per $100,000) of assessed valuation in fiscal year 2014-15. 3. The best estimate of the highest tax rate which would be required to be levied to fund this bond issue, based on estimated assessed valuations available at the time of filing of this statement, is eighty-seven one hundredths of a cent per $100 ($8.70 per $100,000) of assessed valuation, which is estimated to apply in fiscal year 2014-15. Approval of the ballot measure authorizes the issuance of bonds under certain conditions, and is not approval of a specific tax rate or a specific bond issuance plan. The tax rate estimates in this statement reflect the District's current projection of future assessed values and of future debt service payments, which are based on certain assumptions. 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 and repayment structure of bonds sold, 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 of the bonds and the amount and repayment structure of bonds sold at any given time will be determined by the District based on its need for construction funds, its intention to meet the tax rate targets stated above, the legal limitations on bonds approved by a 55% vote, and other factors. The actual interest rates at which the bonds are 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. Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property in the District as shown 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. |
Full Text of Measure W |
BOND AUTHORIZATION
By approval of this proposition by at least 55% of the registered voters voting on the proposition, the Menlo Park City School District (the "District") shall be authorized to issue and sell bonds of up to $23,000,000 in aggregate principal amount to provide financing for the specific school facilities projects listed in the Bond Project List below, and in order to qualify to receive State matching grant funds, subject to all of the accountability safeguards specified below. ACCOUNTABILITY SAFEGUARDS The provisions in this section are specifically included in this proposition in order that the District's voters and taxpayers may be assured that their money will be spent wisely 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 Education Code Sections 15264 and following). Evaluation of Needs. The Board of Education hereby certifies that it has evaluated safety, class size reduction and information technology needs in developing the Bond Project List. Limitation on Use of Bond Proceeds. The State of California does not have the power to take locally approved school district bond funds for any State purposes. The Constitution allows proceeds from the sale of bonds authorized by this proposition to be used only for the construction, reconstruction, rehabilitation, or replacement of school facilities listed in this proposition, 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. Proceeds of the bonds may be used to pay or reimburse the District for the cost of District staff only when performing work on or necessary and incidental to the bond projects. Independent Citizens' Oversight Committee. The Board of Education 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 the Bond Project List. The committee shall be established within 60 days of the date on which the Board of Education enters the election results on its minutes. The Board of Education may, but need not, constitute the Citizens' Oversight Committee as the existing School Construction Oversight Committee responsible for reviewing other bonds of the District. Annual Performance Audits. The Board of Education shall conduct an annual, independent performance audit to ensure that the bond proceeds have been expended only on the school facilities projects listed in the Bond Project List. Annual Financial Audits The Board of Education shall conduct an annual, independent financial audit of the bond proceeds (which shall be separate from the District's regular annual financial audit) until all of those proceeds have been spent for the school facilities projects listed in the Bond Project List. Special Bond Proceeds Account; Annual Report to Board Upon approval of this proposition and the sale of any bonds approved, the Board of Education shall take actions necessary pursuant to Government Code Section 53410 and following 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 or the chief fiscal officer of the District shall cause a report to be filed with the Board of Education no later than December 31 of each year, commencing December 31, 2013, 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 such officer shall determine, and may be incorporated into the annual budget, audit, or other appropriate routine report to the Board of Education. FURTHER SPECIFICATIONS Specific Purposes. All of the purposes enumerated in this proposition shall be united and voted upon as one single proposition, pursuant to Education Code Section 15100, and shall constitute the specific purposes of the bonds, and proceeds of the bonds shall be spent only for such purposes, pursuant to Government Code Section 53410. Joint Use. The District may enter into agreements with the City of Menlo Park 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 of Education shall determine Rate of Interest The bonds shall bear interest at a rate per annum not exceeding the statutory maximum, payable at the time or times permitted by law. Term of Bonds The number of years the whole or any part of the bonds are to run shall not exceed the legal limit, though this shall not preclude bonds from being sold under provisions of the Education Code. BOND PROJECT LIST The Bond Project List below describes the specific projects the Menlo Park City School District proposes to finance with proceeds of the bonds. Listed projects will be completed as needed at a particular school site according to Board-established priorities, and the order in which such projects appear on the Bond Project List is not an indication of priority for funding or completion. 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, which may include State grant funds for eligible projects, have not yet been secured. Until all project costs and funding sources are known, the Board of Education 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. Completion of some projects may be subject to further government approvals by State officials and boards, to local environmental review, and to input from the public. For these reasons, inclusion of a project on the Bond Project List is not a guarantee that the project will be funded or completed. The Board of Education may make changes to the Bond Project List in the future consistent with the projects specified in the proposition. The following projects are authorized to be carried out at the following District site: O'Connor school site (275 Elliot Drive, Menlo Park)
Encinal Elementary School (195 Encinal Avenue, Atherton) Laurel Elementary School (95 Edge Road, Atherton) Oak Knoll Elementary School (1895 Oak Knoll Lane, Menlo Park) Hillview Middle School (1100 Elder Avenue, Menlo Park)
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