2008 GENERAL OBLIGATION BOND ELECTION AND CITIZENS' BOND OVERSIGHT COMMITTEE (COC)
In June 2008 the public voted to authorize $80 million in GO Bonds to improve facilities and safety for SCESD schools. Attached to the formal Bond authorization question was the "Exhibit A"
Project List (TAB A). Initially, $25 million in GO Bonds [Series A ($20MM) and Series B ($SMM)] was funded. Of this total, $1SMM was used to reduce district debt and $10MM was used to improve district facilities consistent with TAB A. As tax payers paid annual assessments and the assessed values on homes increased, the district was able to refund (refinance) the Series A bonds and reduce the public liability by $3.9MM. At the same time, the district issued $20MM in Series C GO Bonds in order to continue to repair and modernize district schools. This money is now available to improve our schools.
The issuance of GO Bonds dictates that a Citizens Oversight Committee (COC) be established to advised the public on the compliance by the district as the district expends those funds. Specifically, "The purpose of the citizens' oversight committee shall be to inform the public concerning the expenditure of bond revenues. The citizens' oversight committee shall actively review and report on the proper expenditure of taxpayers' money for school construction. The citizens' oversight committee shall advise the public as to whether a school district or community college is in compliance with the requirements of paragraph (3) of subdivision (b) of Section 1 of Article XIII A of the California Constitution."
Facilities Master Plan
The district contracted with Belli Architecture Group (Belli) to review the outdated Facilities Master Plan of 2008 completed by NTD Architecture and develop a new plan consistent with the District's needs. Belli AG presented the new Facilities Master Plan to the Board in January 2018.