HomeMy WebLinkAboutRESOLUTIONS - 01072003 - 2003/22THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adapted this Resolution on: January 7, 2003, by the following vote:
AYES: SUPERVISORS, GIOIA, UILKEMA, GLOVER, GERBER& DeSAULNIER
NOES: NOME
ABSENT: NONE
ABSTAIN: NONE
Resolution No. 2003/2.2
Subject: APPROVE CONSOLIDATION REQUESTS FOR THE MARCH 4, 2003
SPECIAL ELECTION.
Approve the consolidation requests as on file in the Contra Costa County Election
Department from the following jurisdictions for the March 4, 2403 Special Elections.
Orinda Union School District Measure A
Brentwood Union School District Measure B
I hereby certify that this is a true and correct copy of an action
taken and entered on the minutes of the Board of
Supervisors on the date shown:
ATTESTED: JANUARY 7 7001 2003
JOHN SWEETEN, Clerk of the Board of Supervisors and
County Administrator
G
r fi
Deputy
RESOLUTION NO. 20031_2.2,_
9
ORINDA UNION SCHOOL DISTRICT
COUNTY OF CONTRA COSTA, STATE OF CALIFORNIA
Res. No. 03-07
RESOLUTION CALLING PARCEL TAX ELECTION
WHEREAS, Section 4 of Article XIIIA of the California Constitution and
Government Code Section 50079 authorize a school district, upon approval of two-thirds of the
electorate voting on the measure, to levy a qualified special tax for specified purposes,and
WHEREAS, the Board. of Trustees (the `Board") of the Orinda Union School
District (the "District") has determined that in order to continue meeting the educational needs of
all of the District's students it is necessary to authorize a parcel tax to replace the current parcel tax
expiring on June 30,2005, and
WHEREAS, the District is committed to maximizing State and federal funding, and
relying on local parcel taxes only as needed in order to meet its stated educational goals; and
WHEREAS, this Board has held a public hearing after due notice regarding the
proposed authorization of the parcel tax;
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Orinda
Union School District, as follows:
1. ecitals. This Board hereby finds and determines that the foregoing recitals are
true and correct.
2. Order of Election. This resolution shall stand as the order to the Contra Costa
County Superintendent of Schools to call an election within the boundaries of the District on
March 4, 2003, for approval of the measure contained in Section 3 hereof The authority for the
specifications of this election order is contained in Sections 5304 and 5322 of the California
Education Code and Section 50079 of the California Government Code.
3. Specifications of Ballot Measure. This Board hereby requests the Registrar of
Voters of the County of Contra Costa (the "Registrar of Voters") to submit to the voters of the
District on March 4, 2003, the following ballot measure:
ORINDA ELEMENTARY AND INTERMEDIATE SCHOOLS
EXCELLENCE IN EDUCATION ACT OF 2003
This Proposition may be known and referred to as the "Orinda Elementary
and Intermediate Schools Excellence in Education Act of 2003" or as "Measure
designation to be assumed by County Registrar of Voters]
DOCSSF1;635226.7
IUNDINCS
The Orinda community values educational excellence both for our children
and for the continued attractiveness of Orinda as an exceptional place to live and own a
home.
Orinda Union School District is determined to maintain its support for strong
academic programs, quality teaching, and small class sizes.
State and federal funding levels will not permit the District to continue to
achieve its high goals for out children's education. Local sources of funding continue to be
needed to maintain and enhance programs, but contributions through the Educational
Foundation of Orinda, Parent Clubs, and other local sources, while significant, are not
enough. Nor should we as a community expect to rely on annual voluntary contributions to
satisfy the District's ongoing basic operational costs and need to pay fait teacher salaries.
A secure, reliable source of non-State funding is needed to maintain high
academic standards and provide the best education program possible to the children of
Orinda,to attract and retain the best teachers available, and to preserve small class sizes.
TERMS OF EXCELLENCE IN EDUCATIONSPECIAL TAX
Terms and Purposes. Upon approval of two-thirds of those voting on this
measure, the District shall be authorized to levy a qualified special tax of$385 per year on
each taxable parcel in the District, to replace the District's existing parcel tax commencing
July 1, 2003. The qualified special tax shall be known and referred to as the "Excellence in
Education Tax". Proceeds of the Excellence in Education Tax shall be authorized to be
used for classroom and educational program improvements, such as maintaining small class
sizes, core academic courses, libraries, computer instruction, literacy support, and hiring
and retaining quality teachers.
Low-Income Senior CitizenExem tion. In order to provide tax relief to
those members of the Orinda community most in need, any parcel owned and occupied by
a low-income person 65 years of age or older shall be exempt from the Excellence in
Education Tax upon proper application to the District. The exemption shall be available
pursuant to procedures to be prescribed by the Board of Trustees or otherwise as required
by law or by the Contra Costa County Tax Collector. A "low-income person" is a member
of a "very low income household" as defined by California Health and Safety Code Section
50105. Under current law, this means any household whose income does not exceed 50
percent of area median income, adjusted for family size and revised annually.
ACCOUNTABILITY PROVISIONS
Independent Annual Audit. Upon the levy and collection of the Excellence in
Education Tax, the Burd of Trustees shall cause an account to be established for deposit of
the proceeds. For so long as any proceeds of the Excellence in Education Tax remain
unexpended, the Superintendent or chief financial officer of the District shall cause an
DOCSSF1:635226.7 2-
independent financial auditor to prepare a report to be filed with the Board of Trustees no
later than January 1 of each year, commencing January 1, 2004, statim (1) the amount of
Excellence in Education Tax received and expended in such year, and(2) the status of any
project funded or to be funded from proceeds of the tax. The report may relate to the
calendar year, fiscal year, or other appropriate annual period, as the Superintendent shall
determine, and may be incorporated into or filed with the annual budget, audit, or other
appropriate routine report to the Board of Trustees.
Inde pendent Citizens'Oversight Committee. At least annually, the Board of
Trustees will provide the information required to be contained in the annual report to the
Budget Committee constituted from time to time by the Superintendent, and the Board
shall regularly consult with the Budget Committee regarding the revenues collected and the
application of those revenues.
SFewi, Pu poses. All of the purposes named in the measure shall constitute
the specific purposes of the Excellence in Education Tax, and proceeds of the tax shall be
applied only for such purposes.
LEVY AND COLLECTION
The Excellence in Education Tax shall be collected by the Contra Costa
County Treasurer-Tax Collector at the same time and manner and shall be subject to the
same penalties as ad valorem property taxes collected by the Treasurer-Tax Collector.
Unpaid taxes shall bear interest at the same rate as the rate for unpaid ad valorem property
taxes until paid. The collection of the Excellence in Education Tax shall not decrease the
funds available from other sources of the District in any period from the effective date
hereof.
Parcel of taxable real property" shall be defined as any unit of real property
in the District which receives a separate tax bill for ad valorem property taxes from the
Contra Costa County 'Treasurer-Tax Collector's Office. All property which is otherwise
exempt from or on which are levied no ad valarem property taxes in any year shall also be
exempt from the imposition of the Excellence in Education Tax in such year. An
exemption is provided for low-income seniors as described above.
The District shall annually provide a list of taxable parcels to the Contra Costa
County tax collection officials. The Contra Costa County Assessor's determination of
exemption or relief of any such taxable property from taxation shall be final and binding for
the purposes of the Excellence in Education Tax. Taxpayers wishing to challenge the
County Assessor's determination must do so under the procedures for correcting a
misclassification of property pursuant to Section 4876.5 of the California Revenue and
Taxation Code or other applicable procedures. Taxpayers seeking a refund of Excellence in
Education Taxes paid shall follow the procedures applicable to property tax refunds
pursuant to the California Revenue and Taxation Code.
The District shall adopt administrative procedures by resolution of the Board
of Trustees to allow exemptions from the Excellence in Education Tax for multiple
DOCSSFI:635226.7 3-
contiguous parcels not designated for development and other defined categories of parcels,
taxation of which is determined to be unfair.
SEVERABILITY
The Board of Trustees hereby declares, and the voters', by approving this
measure concur, that every section and part of this measure has independent value, and the
Board of Trustees and the voters would have adopted each provision hereof regardless of
every other provision hereof. Upon approval of this measure by the voters, should any part
be found by a court of competent jurisdiction to be invalid for any reason, all remaining
parts hereof shall remain in full force and effect to the fullest extent allowed by law.
4. Summary of Measure. The measure contained in Section 3 hereof shall be
summarized, and the Registrar of Voters is requested to cause the summary of the measure to
appear on the ballot,in the following form:
To provide secure local funding for Orinda's K-8 schools,', including to
maintain small class sizes and neighborhood schools; to protect classroom
programs, strong care academics, libraries, computer instruction, and literacy
support; and to hire and retain qualified teachers; shall Orinda Union, School
District be authorized to replace its existing instructional parcel tax with a
levy of three hundred eighty-five dollars per year per taxable parcel, with an
annual independent audit and an exemption for eligible low-income seniors?"
5. Filing of Order of Election. The Secretary of this Board is ordered to cause
certified copies of this resolution and order to be delivered not later than December 3, 2002, to the
Contra Costa County Superintendent of Schools, the Registrar of Voters, and the Clerk of the Board
of Supervisors of the County.
6. Formal Notice. The Contra Costa County Superintendent',of Schools is hereby
requested to prepare and execute a Formal Notice of Parcel Tax Election and consolidation order in
substantially the form attached hereto as Exhibit A (the"Formal Notice"), and to call the election by
causing the Formal Notice to be posted in accordance with Section 5362 of the Education Code no
later than December 4, 2042, or to otherwise cause the notice to be published', as permitted by law.
The Secretary of this Board, on behalf of and as may be requested by the County Superintendent of
Schools, is authorized to cause all notices required by law in connection herewith to be published
and posted, as the case may be.
7. Conduct of Election. (a) Request to Registrar of Voters. Pursuant to Section 5303 of
the Education Code, the Registrar of Voters is requested to take au steps to, hold the election in
accordance with law and these specifications.
b) Voter Pamphlet The Registrar of Voters is hereby requested to reprint the
measure in its entirety (that portion of Section 3 hereof which is printed in bold-face type) in the
voter information pamphlet to be distributed to voters pursuant to Section 13307 of the Elections
Code. In the event the measure in Section 3 will not be reprinted in the voter information pamphlet
in its entirety, the Registrar of Voters is hereby requested to print, immediately below the impartial
analysis of the measure,in no less than 10-point boldface type, a legend substantially as follows:
DOCS5F1:635226.7 4-
The above statement is an impartial analysis of Measure_. If you desire a
copy of the measure, please call the Contra Costa County Registrar of Voters
at {phone number) and a copy will be mailed at no cost to you."
c) Consolidation. The Contra Costa County Superintendentof Schools and the
Board. of Supervisors of the County are requested to order consolidation of the election with such
other elections as may be held on the same day in the same territory or in territory that is in part the
same.
d) Canvass o`f Results. The Board of Supervisors of the County is authorized to
canvass the returns of the election pursuant to Section 10411 of the Elections Code.
8. Appropriations Limit. The Board of Trustees shall provide in each year (pursuant
to Section 7902.1 of the Government Code or any successor provision of law) for any increase in
the District's appropriations .limit as shall be necessary to ensure that proceeds of the Excellence in
Education Tax may be spent for the authorized purposes.
9. Ballot Argent. The President of this Board, or any member or members of
this Board as the President shall designate,is hereby authorized,but not directed, to prepare and file
with the Registrar of Voters a ballot argument in favor of the proposition contained in Section 3
hereof,within the time established by the Registrar of Voters, which shall be considered the official
ballot argument of this Board as sponsor of the proposition.
10. Effective Date. This resolution shall take effect from and after its adoption.
PASSED AND ADOPTED this 18th day of November, 2002, by the following
vote:
AYES: Jim Farrell,Dave Howitt,Linda Landau, Pat R.udebusch,Sue Severson
NOES: None
ABSTAIN: None
ABSENT: None
President of the Board of Trustees
Orinda Union School District
ATTEST-
I&4Wt
Secretary of the Board of Trustees
Orinda Union School District
DOCSSFt:635226.7 5-
t
EXHIBIT A
FORMAL NOTICE OF PARCEL TAX ELECTION
NOTICE IS HEREBY GIVEN to the qualified electors of the Orinda Union
School District of Contra Costa County, California, that in accordance with the provisions of the
Education Code and the Government Code of the State of California, an election will be held on
March 4, 2403, at which election the proposition summarized as follows shall be submitted to the
qualified electors of the District and voted upon:
To provide secure local funding for Orinda's K-8 schools, including to
maintain small class sizes and neighborhood schools; to protect classroom
programs, strong core academics, libraries, computer instruction, and literacy
support; and to hire and retain qualified teachers; shall Orinda Union School
District be authorized to replace its existing instructional parcel tax with a
levy of three hundred eighty-five dollars per year per taxable parcel, with an
annual independent audit and an exemption for eligible low-income seniors?"
By execution of this formal Notice of Election the County Superintendent of
Schools of Contra Costa County orders consolidation of the election with such other elections as
may be held on the same day in the same territory or in territory that is in part the same.
The County Superintendent of Schools of Contra Costa County, by this Notice of
Election, has called the election pursuant to a Resolution and Order of the Boyd of Trustees of the
Orinda Union School District, adopted November 18, 2002, in accordance with the provisions of
Education Code Sections 5302, 5325 and 5361.
IN WITNESS WHEREOF, I have hereunto set my hand this day, e o ®,
2442.
X (\ Q
County Superintendent of Schools
Contra Costa County, California
DOCSSFI:635228.7
SECRETARY'S CERTIFICATE
I, Frank Brunetti, Secretary of the Board of Trustees of the Orinda Union School
District, County of Contra Costa,California,do hereby certify as follows:
The attached is a .full, true and correct copy of a resolution duly,adopted at a regular
meeting of said Board of said District duly and regularly held at the regular meeting place thereof on
November 18, 2002, and entered in the minutes thereof, of which meeting all of the members of
said Board of Trustees had due notice and at which a quorum thereof was present, and said
resolution was adopted by the following vote:
AYES: Jim Farrell,Dave Howitt,Linda Landau, Pat Rudebusch,Sue Severson
NOES: None
ABSTAIN: None
ABSENT: None
An agenda of said meeting was posted at least 72 hours before said meeting at Eight
Altarinda Road, Orinda, California., a location freely accessible to members of the public, and a brief
general description of said resolution appeared on said agenda. A copy of said agenda is attached
hereto.
I have carefully compared the same with the original minutes of said meeting on file
and of record in my office. Said resolution has not been amended, modified or rescinded since the
date of its adoption, and the same is now in full force and effect.
WITNESS my hand this 19'hday of November,2002.
1d4Z t
Secretary of the Board of Trustees
Orinda Union School District
DOCSSFt:635226.7
BOARD OF TRUSTEES
BRENTWOOD UNION SCHOOL DISTRICT
RESOLUTION NO. 2002-17
RESOLUTION ORDERING BOND ELECTION AND SETTING FORTH
SPECIFICATIONS THEREOF
WHEREAS, the Board of Trustees (the "Board'), of the Brentwood Union School District
the"District"),is generally authorized to order elections within the District and to designate the
specifications thereof,pursuant to Education Code Sections 5304 and 5322,and
WHEREAS, the Board is specifically authorized to order elections for the purpose of
submitting to the electors the question whether the bonds of District shall be issued and sold
for specified purposes,pursuant to Education.Code Section 15100,and following;
NOW THEREFORE, be it RESOLVED that the following order of election is hereby
adopted:
1. That it is, in the judgment of this Board, advisable to call an election and submit to
the electors of this District the question whether bonds of said District shall be issued and sold
for the purpose of raising money in the amount and for the purposes specified in the suggested
form of notice of election hereinafter in this resolution contained, which-is',hereby referred to
and incorporated herein for all particulars thereof.
2. The suggested form.of Notice of election is:
SCHOOL BOND ELECTION NOTICE
NOTICE IS.HEREBY GIVEN to the qualified electors of Brentwood Union.
School District of the County of Contra Costa, State of California, that in
accordance with law,an election will be held on TUESDAY,the 4th day of March,
2003, in said District, at which election there will be submitted the question of
issuing and selling bonds in the amount of Thirty-Five Million Dollars
35,000,000),for the purposes set forth in the ballot measure hereinafter set forth.
Said bonds proposed to be issued and sold shall bear interest at a rate not
exceeding twelve percent (12%) per annum, payable annually for the first year
the bonds have to run and semiannually thereafter, or in the case of capital
appreciation bonds, at maturity.
The number of years the whole or any part of the bonds are to run shall
not exceed twenty--five (25) years from the date of the bonds or the date of any
series thereof.
I hereby certify this to be
a true and exact copy Of
the original document.
PC
Csayle kelt -
a
Administrative Assistant
Each qualified elector of said Brentwood Union School District shall be
entitled to vote only in the School District Election precinct of which he or she is a
resident.
3. That the Board of Supervisors of the County of Contra Costa (the "County") be, and
they are hereby requested to consolidate the Bond Election to be held in the Brentwood Union
School District on March 4,2003,with the election to be held on said date.
4. The exact form of the question or proposition to be voted upon at',said Bond Election
as it shall appear on the ballet is as follows:
BALLOT WORDING
In order to-
build new schools to avoid classroom overcrowding
throughout the Brentwood Union School District,
to add new classrooms and buildings to existing sites,
renovate and improve all schools,
improve student security systems,
acquire future school sites,
provide all students with access to technology,
and for related purposes, shall the Brentwood Union School
District issue 35 million of bonds at interest rates within the
legal limit?"
Bonds - YES
Bonds -.NO
Said proposition shall be designated on the ballot by a letter printed on the left margin
of the square containing the description of the measure as provided in Section 20219 of the
Elections Code of the State of California.
5. Said Board of Supervisors is hereby authorized to canvass the returns of said District
Band Election.
2
b. Said Board of Supervisors is hereby requested to issue instructions to the Registrar of
Voters to take any and all steps necessary for the holding of the said consolidated elections.
7. The District hereby requests that the Registrar of Voters include the following
statement in the ballot pamphlet,pursuant to Section 15122.5 of the Education Code:
Approval of Measure ,,.
i,_
does not guarantee that the proposed
project or projects in the Brentwood Union School District that are
the subject of bonds under Measure will be funded beyond the
local revenues generated by Measure—. The District's proposal for
the project or projects assumes the receipt of matching state funds,
which could be subject to appropriation by the. Legislature or
approval of a statewide bond measure."
8. As required by Section 53410 of the Government Code, a statement in substantially
the following form shall be included on the ballot for the Bonds, and the'Board covenants to
comply with the reporting requirements contained in Section 53411 of the Government Code:
Accountability Measures
As required. by Section 53410 of the Government Code, the following
accountability measures are hereby made a part of the Districes Bond Measure — (the
Measure"):
a) The specific purpose of the bonds is to build new schools to avoid classroom
overcrowding throughout the Brentwood Union School District, to add new
classrooms and buildings to existing sites, renovate and improve all schools,
improve student security systems, acquire future schoolsites, provide all
students with access to technology,and for related purposes,;'
b) The proceeds from the sale of the Distri.ct's bonds will be used only for the
purposes specified in the Measure,and not for any other purpose;
c) The proceeds of the Bonds will be deposited into a Building Fund to be held
by the Contra Costa County Treasurer, as required by the California Education
Code;and
d) The Superintendent of the District shall file an annual report with the Board
of Trustees of the District, commencing not later than )March 1, 2004, and
annually thereafter, which report shall contain pertinent information regarding
the amount of funds collected and expended, as well as the status of the projects
listed in the Measure.
9. That the Clerk of this Board of Trustees is hereby directed to file'a certified copy of
this Resolution with the Board of Supervisors,the Registrar of Voters and the Superintendent of
Schools of the County.
3
x'
PASSED AND ADOPTED by the Beard of Trustees of the Brentwood Union School
District this 13th day of November,2002,by the following vote:
AYES: Cb
NOES: 0
ABSENT OR NOT VOTING: C
President of the Board of Trustees
Attest:
Clerk of the Board of Trustees
4
f a
TAX RATE STATEMENT IN CONNECTION WITH
THE BRENTWOOD UNION SCHOOL DISTRICT
BOND MEASURE_TO BE
SUBMITTED AT SCHOOL BONDS ELECTION ON
MARCH 4,2003
An election will be held in the Brentwood Union School District(the"District")on March 4,2003,to
submit to electors of the District the question of whether to authorize the sale of up to$35,000,000 of general
obligation bonds of the District to finance the acquisition and improvement of real property for school
purposes. It is expected that bonds would be issued in series over time. If such bonds are authorized and sold,
the principal thereof and interest thereon will be payable from the proceeds of tax levies made upon the taxable
property in the District. The following information regarding tax rates is given to comply with Sections 9400-
9404 of the California Elections Code. Such information is based upon the best estimates and projections
presently available from official sources,upon experience within the District and other demonstrable factors.
Based upon the foregoing and projections of the District's assessed valuation,and assuming the entire
debt service will be amortized through property taxation:
1. The best estimate of the tax rate which would be required to be levied to fund the bond issue
during the first fiscal year after the sale of the first series of bonds is 0.764 cents per 100 dollars
7.64 per$100,000)of assessed valuation in the fiscal year 2004/05.
2. The best estimate of the tax rate which would be required to be levied to fund the bond issue
during the first fiscal year after the sale of the last series of bonds and an estimate of the year in
which that rate will apply is 1.389 cents per 100 dollars ($13.89 per $100,000) of assessed
valuation for the fiscal year 2008/09.
3. The best estimate of the highest tax rate which would be required to be levied to fund the bond
issue and an estimate of the year in which that rate will apply is 6.06 cents per 100 dollars($60.60
per$100,000)assessed valuation for the fiscal year 2026/27.
4. The best estimate of the combined highest tax rate on all bonds of the district,including all other
outstanding bonds of the District,is 6.06 cents per$100($60.60 per$100,000)assessed valuation
throughout the repayment of these bonds.
The attention of all voters is directed to the fact that the foregoing information is based upon
projections and estimates only,which are not binding upon the District. Such projections and estimates may
vary due to variations in timing of bond sales,the amount of bonds sold at each bond sale,market interest rates
at the time of each bond sale and actual assessed valuation over the term of repayment of the bonds. The
actual date of the sales of said bonds and the amount sold on any given date will be governed by the needs of
the District and other factors. The actual interest rates at which the bonds will be sold,which in any event will
not exceed the maximum permitted by law,will depend upon the bond market at the time of each sale. Actual
assessed valuation in future years will depend upon the value of property within the District as determined in
the assessment and the equalization process. Hence,the actual tax rates and the years in which such rates are
applicable may vary from those presently estimated above.
J. uglas kdams, Superintendent
Bre twood Union School District
SCHEDULE[
BRENTWOOD UNION SCHOOL DISTRICT
BONDPROGRAM
ELECTION IN MARCH 2003
ASSUMPTIONS
DEBT ISSUANCE SCHEDULE
Election of 1997-Consists of 25-year G.O.Bond issues as follows:
First First
Par Interest Interest Principal Final
Issue Date Value Rate Payment Payment Maturity
Series A 4/15/1998 $4,996,607 5.45% CABS 8/1/1999 8/1/2022
Series B 11/1/2000 $6,000,000 5.04% 2/1/2001 8/1/2001 8/1/2017
Series C 11/14/2000 $999,704 5.86% CADS 8/1/2018 8/1/2024
Series D 10/1/2001 $1,996,669 4.33% CABS 8/1/2004 8/1/2011
Series E 10/112001 $6.000.000 4,93% 2/1/2002 8/1/2002 8/1/2026
TOTAL. 519.992.980
Election of 2003 -Consists of 25-year G.O.Bond issues as foil s:
Series 2004 8/112004 $11,000,000 5.50% 211/2005 81112085 8/112029
Series 2006 81112006 $12,000,000 6.00% 2/1/2087 81112007 8/112031
Series 2008 8/112008 $12,000,Q09 6.25°!0 211/2009 8/1/2009 8/1/2033
535.000.080
Bond interest Rate
ASSESSED VALUES AND TAX RATES:
Assumptions
TAX RATES PER$100,000
A.V.s Existing Bond NewAuth. Total
1992'93 11.44% 54.43 $ 54.43
1993194 8.14% 61.08 $ 61.08
1994195 9.13% 59.97 $ 59.97
1995196 11.41% 66.28 $ 66.28
1996197 11.87% 56.03 $ 56.03
1997198 11.45% 50.00 $ 50.00
1998199 12.92°/ 47.81 $ 47.81
1999100 22.41% 41.50 $ 41.50
2000101 22,20% 52.19 $ 52.19
2001102 226.26% 57.72 $ 57.72
2002103 2 % 56.01 $ 56.01
2003104 15.00% 55.49 $ 55.49
2004/05 15.00% 52.96 $7.64 $ 60.60
2005/06 AV Growth 15.00% 49.58 $ 11.02 60.60
2006107 Assumptions 5.00% 50.37 $ 10.23 60.60
2007108 5.00% 47.51 $ 13.09 60.60
2006/09 5.00% 46.71 $ 13.89 60.60
2026/27 5.00°l 60.60 $ 60.60
DEBT CAPACITY(SCHEDULE IV)
Tax Rate
Maximimum G.O.Bonded Indebtedness for District i4.25%of A.V.
Assumptions
year Ca aci Outstanding Principal New Princi2al Total Outstanding of Camiiv
2402103 $ 37,583,869 26,859,287 26,859,287 71%
2003104 43,221,450 26,197,119 26,197,119 61%
2004105 49,704;667 25,328,171 $11,000,000 36,328,171 73%
2005106 57,160,367 24,261,840 35,261,840 62%
2006/07 60,018,386 23,061,689 12,000,000 46,061,689 77%
2007108 63,019,305 21,744,280 44,744,280 71%
2008/09 66,170,270 20,434,032 12,000,000 55,434,032 84%
Prepared by Kelling, Northcross&Nobriga, Inc. 11/20/2002 NTRIMAR03.XLS
STEPHEN L.WEIR afi CANDY LOPEZ V4of
COUNTY CLERK
k.f '' . ASSISTANT COUNTY REGISTRAR
o' r 371tBllp ``
0
CONTRA COSTA COUNTY
REGISTRATION-ELECTION DEPARTMENT
524 MAIN STREET
MARTINEZ, CALIFORNIA 94553-1940
925)646-4166
To: Gina Martin, Clerk of the Board
From: Stephen L. Weir, County Clerk-Recorder
By: Dennis Heckart, Election Processing Supervisor
Subject: Approve Consolidation Requests for March 4, 2003 SpecialElection.
Cate: December 10, 2002
The governing bodies of two (2) local schools are requesting that the Beard of Supervisors approve
consolidation of their elections and authorize the Elections Department to conduct said elections on
Tuesday, March 4, 2003.
If you have any questions in this matter, please contact Dennis Heckart.
CD:dh
Attachment