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PAJARO VALLEY FIRE PROTECTION DISTRICT BOND MEASURE. Shall the Pajaro Valley Fire Protection District be
authorized to issue general obligation
bonds in a principal amount not exceeding $1,000,000 and bearing interest at rates within
the legal limit, to assist in constructing a new fire station facility, pay
costs related to bond issuance, and levy a special tax based on assessed
valuation on taxable real property and improvements in the district to pay
for the bonds and the cost of administering them? |
6.
The maximum amount of the
proposed debt to be incurred is $1,000,000. 7.
The maximum term the bonds
proposed to be issued shall run before maturity shall not exceed thirty (30)
years from the date of issuance. 8.
Consistent with Section
53531 of the California Government Code, the maximum rate of interest to be
paid on the bonds shall not exceed twelve percent (12%) per year payable
semiannually, unless a higher rate is permitted by law. 9.
To pay the interest and
principal, and any premium, on any bonds issued, as well as the cost of
administering them, the District proposes to annually levy for thirty (30)
years thereafter or until the bonds are fully paid a special tax on all
taxable real property and improvements located within the boundaries of the
Pajaro Valley Fire Protection District, at a rate sufficient for these purposes
and based on assessed valuation. 10. Pursuant to Sections 13925 et seq. of the California Health and Safety Code, this Board hereby calls a District-wide special election for November 5, 2002 at which the proposition of authorizing the District to incur the General Obligation bond indebtedness in connection with the construction of a new fire station facility shall be submitted to the voters, along with the proposition of the levy of the special tax. |
FULL TEXT OF BALLOT MEASURE Y
RESOLUTION NO. 2001-08
PAJARO VALLEY FIRE PROTECTION DISTRICT BE
IT RESOLVED by the Board of Directors
("Board") of the Pajaro Valley Fire Protection District
("District") as follows: 1.
The construction of a new
fire station facility on certain real property to be donated to and owned by
the Foothill Firefighters' Association, a non-profit organization, and
located within the boundaries of the Pajaro Valley Fire Protection District,
and which real property is to be leased to the District for an adequate term,
has been proposed. The real property
on which the new facility is proposed to be constructed is located
immediately adjacent to the existing fire station facility located at 562
Casserly Road, Watsonville, California 95076, and constitutes a portion of
the real property commonly known as Santa Cruz County Assessor's Parcel No.
109-201-21. 2.
Pursuant to Section 13925
of the California Health and Safety Code, the Board does hereby find,
determine, and declare that in order to assist in financing the construction
of the aforesaid proposed fire station facility it is necessary to incur a
General Obligation bond indebtedness. 3.
The purpose for which the
proposed debt is to be incurred is to provide a portion of the funds
necessary to pay for the cost of construction of said proposed fire station
facility and expenses incidental thereto, including, but not limited to,
architectural and engineering fees and costs, as well as to pay all expenses
incurred by the District in connection with the conducting of proceedings for
the authorization, issuance, and sale of bonds. The District will utilize available funds on hand to cover the
remaining portion of the cost of construction of the new fire station
facility. 4. The construction of the fire station facility is
necessary to carry out the objects, purposes and powers of the District. 5. The cost of construction of the fire station facility,
and the expenses incidental thereto, is and will be too great to be paid out
of the ordinary revenue available to the District after the District meets
the costs of providing services pursuant to Section 13862 of the Health and
Safety Code. |
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44-530
VOTER
INFORMATION PAMPHLET
MEASURES, ANALYSES AND
ARGUMENTS (whichever is applicable to
your ballot) Arguments in support of, or in opposition to, the proposed laws are the opinions of the authors. |
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TAX RATE STATEMENT FOR BOND MEASURE Y A
special consolidated general obligation bond election will be held within the
Pajaro Valley Fire Protection District ("District") on November 5,
2002, for the purpose of submitting to the electors of the District, the
question of incurring a bonded indebtedness of the District in a principal
amount not to exceed $1,000,000. It
is the intent of the Board of Directors of the Pajaro Valley Fire Protection
District that the highest tax rate shall never exceed $0.0085 per $100
assessed valuation and that the tax rate shall expire 30 years after the
issuance of the general obligation bonds ("bonds"). Proceeds of the bonds would be utilized to
assist in construction of a new fire station facility on land located
adjacent to the existing fire station facility, and to pay for costs of
issuance of the bonds. The District
intends to enter into a lease with the Foothill Firefighters' Association
which is to become the owner of the land (by donation) on which the new fire
station facility is to be located, for a period longer than the term of the
bonds. The
following estimated projections are made assuming said bonds are sold with an
annual interest rate of 5.018% using the fiscal year 2001-2002 assessed
valuations of real property and improvements located within the Pajaro Valley
Fire Protection District, as provided by the assessor's office of the County
of Santa Cruz, California, as the base year.
If such bonds are authorized and sold, the principal thereof and
interest thereon, and the cost of administering them, will be payable from
the proceeds of tax levies made upon the taxable real property and
improvements in the District. The
following information regarding tax rates is given to comply with Section
9400 and 9401 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 special tax levies
based on assessed valuation made upon all taxable real property and
improvements within the District: The best estimate from official sources of the tax that would be required to be levied to fund the bond issue during the first fiscal year after the sale of the bonds, based on assessed valuations presently available, is $0.00788 per $100 assessed valuation. 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, based on assessed valuations presently
available, is $0.0085 per $100 assessed valuation for the fiscal year
2016-2017. 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. The actual times of sales of said bonds and the amount sold at any given time 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 12% per annum, will depend upon the bond market at the
time of sale. |
Actual assessed valuation in
future years will depend upon the value of the 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. The
intention of the current Board of Directors of the District to limit the tax
rate is not binding on future Boards of Directors who may determine the needs
of the District require a higher tax rate to pay for principal and interest
on any authorized bonds up to the maximum of $1,000,000. Dated: July 17, 2002. s/ Randy Craven President, Board of
Directors Pajaro Valley Fire
Protection District ________________________________________________ IMPARTIAL
ANALYSIS BY COUNTY COUNSEL MEASURE YIf
approved by at least two-thirds of those voting on the measure, up to
$1,000,000 of bonds may be issued on behalf of the Pajaro Valley Fire
Protection District (“the District”).
The
bonds would constitute an indebtedness of the District, with a maximum term
of thirty years and a maximum interest rate of twelve percent, as provided by
State law. The
money raised through sale of the bonds will be used by the District for the
purpose of providing a portion of the funds required to pay for constructing
a proposed new fire station facility, as well as expenses incidental thereto
and expenses in connection with the authorization, issuance and sale of the
bonds. The new fire station facility
is proposed to be located immediately adjacent to the existing fire station
facility at 562 Casserly Road, Watsonville, California; it would be
constructed on real property to be donated to and owned by the Foothill
Firefighters’ Association and leased to the District. Payment
of interest, principal and any premium on the bonds as well as the cost of
administering the bonds would be financed by a tax levied on real property
within the District. The Tax Rate Statement for this measure which is printed
in this ballot pamphlet provides information about that tax, as required by
law. The precise effect of the bonds
upon the property tax rate within the District would only be determined after
sale of the bonds. A
“yes” vote on Measure Y is a vote to authorize the District to issue the
bonds described above. A “no” vote on
Measure Y is a vote not to authorize the District to issue those bonds. DANA McRAE, COUNTY
COUNSEL By Jane M. Scott, Assistant County Counsel |
44-531
VOTER
INFORMATION PAMPHLET
MEASURES, ANALYSES AND
ARGUMENTS (whichever is applicable to
your ballot) Arguments in support of, or in opposition to, the proposed laws are the opinions of the authors. |
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ARGUMENT IN FAVOR OF
MEASURE Y The earthquake of 1989 damaged the existing fire
station, which was already old and inadequate. The present station has
insufficient space for storage of equipment, supplies, and other necessities;
in addition, there is limited office space for officers and crew, and there
is no public area for meetings or fire related presentations. As fire engines
leave the present station on a call, vision is hampered by a blind corner and
presents a danger to firefighters. The new station will allow the Pajaro
Valley Fire Protection District to meet the safety needs of its growing
community, and will be built on land that has been essentially donated to the
District by way of a long term ground lease. This donation significantly
reduces the monetary burden on our constituents, and also provides a site
with excellent ingress and egress, allowing for the construction of
drive-through bays for the fire engines. We
consider the passage of the bond measure crucial to our ability to meet the
fire and safety needs of our citizens and provide them with the level of
service that maximizes their safety. The new fire facility, built with money
the District has saved along with the money generated by the bond measure,
will provide our constituents with the improvements they deserve. Please vote
in favor of Measure Y. Pajaro Valley Fire Protection District s/ Randy Craven,
President, Board of Directors s/ John Salse, Fire
Chief, Pajaro Valley Fire Protection District Pajaro Valley Firefighter’s Association s/ Donald Johnson, President |
No
Argument Against Measure Y was filed. |
44-532