RESOLUTION NO. 17:03-04
RESOLUTION OF THE BOARD OF
EDUCATION OF THE SADDLEBACK VALLEY UNIFIED SCHOOL DISTRICT ORDERING AN ELECTION,
AND ESTABLISHING SPECIFICATIONS OF THE ELECTION ORDER
WHEREAS, the Board of Education
(the “Board”) has determined that certain school facilities and equipment
within the Saddleback Valley Unified School District (the “District”), within
Orange County (the “County”) need to be acquired, constructed, improved, and
equipped to enable the District to improve student safety, upgrade District
schools and enhance the educational opportunities of the students in the
District; and
WHEREAS, the State has been unable to provide the
District with amounts necessary for the District to adequately provide an
optimal learning environment for all its students; and
WHEREAS, the Board has determined that the safety of our
students is one of its primary objectives and to ensure a productive learning
environment the District must upgrade existing facilities which are no longer
suitable in order to meet current and future needs; and
WHEREAS, in the judgment of the Board, it is advisable to
provide the funding for the District’s facility needs by means of a local
general obligation bond where all the bond money will stay in our community and
be used only for District school facilities; and
WHEREAS, Proposition 46, approved by the voters of
the State of California on June 3, 1986 (“Proposition 46”), amended
Section 1(b) of Article XIIIA of the California Constitution by
adding a provision which exempts from the 1% of full cash value limitation,
those ad valorem taxes used to pay for debt service of any bonded indebtedness
for the acquisition or improvement of real property approved on or after
July 1, 1978, by two-thirds of the votes cast by voters voting on the
proposition; and
WHEREAS, on November 7, 2000, the voters of
California approved the Smaller Classes, Safer Schools and Financial
Accountability Act (“Proposition 39”) which, as of its effective date,
reduced the voter threshold for ad valorem tax levies used to pay for debt
service or bonded indebtedness to 55% of the votes cast on a local school
district general obligation bond; and
WHEREAS, concurrent with the passage of
Proposition 39, Chapter 1.5, Part 10, Division 1,
Title 1 (commencing with Section 15264) of the Education Code
(“A.B. 1908” and “A.B. 2659”) became operative and established
requirements associated with the implementation of Proposition 39; and
WHEREAS, the Board desires to make certain findings
herein to be applicable to this election order and to establish certain
performance audits, standards of financial accountability and citizen oversight
which are contained in Proposition 39, A.B. 1908 and A.B. 2659;
and
WHEREAS, in the judgment of the Board, it is advisable to
order the Orange County Registrar of Voters to call an election pursuant to
Proposition 39 on the question of whether general obligation bonds shall
be issued and sold on behalf of the District for purposes set forth below;
and
WHEREAS, pursuant to the California Elections Code, it is
appropriate for the Board to request consolidation of the election with any and
all other elections to be held on Tuesday, March 2, 2004, and to request the
Orange County Registrar of Voters to perform certain election services for the
District;
NOW THEREFORE, THE BOARD OF EDUCATION OF THE SADDLEBACK
VALLEY UNIFIED SCHOOL DISTRICT DOES HEREBY RESOLVE, DETERMINE AND ORDER AS
FOLLOWS:
Section 1. That the
Board, pursuant to Education Code Sections 15100 and 15266 and Government Code
Section 53606, hereby orders the Orange County Registrar of Voters to call
an election under the provisions of Proposition 39 and submit to the
electors of the District the question of whether bonds of the District in the
aggregate principal amount not to exceed $180,000,000 (the “Bonds”) shall be
issued and sold for the purpose of raising money for the purposes described in
Exhibit “A” hereto, and as further stated in the full ballot proposition,
attached hereto as Exhibit “B” which shall appear in the ballot pamphlet.
Section 2. That the
date of the election shall be March 2, 2004.
Section 3. That the
purpose of the election shall be for the voters in the District to vote on a
proposition, a copy of which is attached hereto and marked Exhibit “A” and
incorporated by reference herein, containing the question of whether the
District shall issue the Bonds to pay for improvements to the extent permitted
by such proposition. In compliance with Proposition 39, A.B. 1908 and
A.B. 2659, the ballot proposition is subject to the following requirements
and determinations:
(a) the proceeds of the sale of
the Bonds shall only be used for the purposes set forth in the ballot measure
and not for any other purpose, including teacher and administrator salaries and
other school operating expenses;
(b) that
the Board, in establishing the projects set forth in Exhibit “B”,
evaluated the student housing, education and safety needs of the District;
(c) that
the Board will cause to be conducted an annual, independent performance audit
to ensure that the Bond monies get expended for the school projects identified
in Exhibit “B” hereto;
(d) that the Board will cause an
annual, independent financial audit of the proceeds from the sale of Bonds to
be conducted until all of the Bond proceeds have been expended;
(e) that the Board will cause the
appointment of a Citizen’s Oversight Committee in compliance with Education
Code Section 15278 no later than 60 days after the Board enters the
election results on its minutes pursuant to Election Code
Section 15274;
(f) that the tax levy authorized
to secure the bonds of this election shall not exceed $60.00 per year per
$100,000 of taxable property in the District when assessed valuation is
projected by the District to increase in accordance with Article XIIIA of
the California Constitution; and
(g) that the Board will comply
with the bond accountability requirements set forth in Government Code
Section 53410.
Section 4. That the
authority for ordering the election is contained in Education Code
Sections 15100 and 15266 and Government Code Section 53606.
Section 5. That the
authority for the specifications of this election order is contained in
Sections 5322 of the Education Code.
Section 6. That this
Resolution shall stand as the order to the Orange County Registrar of Voters to
call an election within the boundaries of the District on March 2,
2004.
Section 7. That the
Secretary of the Board is hereby directed to send a certified copy of this
Resolution to the Orange County Registrar of Voters no later than December 5,
2003.
Section 8. That the
maturity of any bonds issued pursuant to Section 15100 of the Education
Code hereto shall have a maturity not exceeding twenty-five (25) years, and
bonds issued pursuant to Section 53506 of the Government Code shall have a
maturity of not exceeding forty (40) years from date of issuance. The maximum
interest rate on any bonds shall not exceed the maximum rate allowed by
Election Code Sections 15140-15143, as modified by Government Code
Section 53531.
Section 9. That
pursuant to Education Code Section 17032, the Board hereby encumbers the
proceeds of the sale of the Bonds to pay for the acquisition, construction,
reconstruction and equipping of facilities to the extent permitted by the
ballot proposition and none of such proceeds shall be considered unencumbered
for purposes of Education Code Section 17032.
Section 10. That the Board
requests the governing body of any such other political subdivision, or any
officer otherwise authorized by law, to partially or completely consolidate
such election and to further provide that the canvass be made by any body or
official authorized by law to canvass the returns of the election; and that the
Board consents to such consolidation.
Section 11. Pursuant to
Section 5303 of the Education Code and Section 10002 of the Elections
Code, the Board of Supervisors of Orange County is requested to permit the
Registrar of Voters to render all services specified by Section 10418 of
the Elections Code relating to the election, for which services the District
agrees to reimburse Orange County, such services to include the publication of
a Formal Notice of School Bond Election and the mailing of the sample ballot
and tax rate statement (described in Section 9401 of the Elections Code)
pursuant to the terms of Section 5363 of the Education Code and
Section 12112 of the Elections Code.
Section 12.
The Board hereby determines to include within the ballot pamphlet the form of
full proposition attached hereto as Exhibit B and which is hereby approved and
adopted by the Board, and the Registrar of Voters is hereby directed to include
such full proposition in such ballot pamphlet.
ADOPTED, SIGNED AND APPROVED this 2nd day of
December 2003.
BOARD OF EDUCATION OF THE
SADDLEBACK VALLEY UNIFIED
SCHOOL DISTRICT