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July 11 Hews Media Group-Community News eNewspaper

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  • M c M a h o n says:

    Memo: To the ABC Community,

    Most residents dont know what a BOND is nor know what MELLO ROOS BOND??


    ABC teachers union, circulating emails, be sure that all teachers arrive to bond meeting, early, to tag all the chairs, in order to create teacher placement. Teachers and students will have priority placement, and hog the floor, repeat of 7/8/2014. There’ll be no room for residences in district to vent on BOND/MELLO ROOS.

    Emails floating around, referencing the bankruptcy of bonds markets: San Bernardino and Stockton, as many are speculating, the city of Cerritos may have to file bankruptcy in order to rework the accounting on the loss of the RDA funding. Bond measure / Mello Roos proposed by the school district may be trumped by bankruptcy too.

    To the ABC Community:
    ABC Unified School District believes that supporting academic programs and expanding, upgrading, repairing and better equipping the educational facilities within the District are required to enable the District to maintain its outstanding student achievement. We invite you to come or tune in to the Board Meeting held at 16700 Norwalk Blvd, Cerritos on Tuesday, July 15, 2014, 7PM. The Board will hold a public hearing regarding a school bond election in November and discuss a resolution for the bond measure.

    The July 15th Board Agenda will be available on the District’s Website on Friday, July 11, 2014 for the public to view. Please feel free to share this information with all those interested.
    Thank you very much.
    Dr. Mary Sieu


    January 15, 2014 – Special Session- Facilities Needs Assessment and Technology Needs
    February 4, 2014 – Contract with Dale Scott & Co. to provide survey research services and financial advisory/bond services
    March 4, 2014 – Feasibility Study Presentation by Mark Ferrell of Dale Scott & Co.
    March 18, 2014 – Contract with Flewelling & Moody to develop a district-wide Facilities Master Plan
    March – June, 2014 – Needs assessment and input meetings with all school teams representing parents, teachers, administrators, support staff and community members (no videos)
    April 1, 2014 – Contract with George K. Baum to provide bond underwriting services should bond measure pass
    April 1, 2014 – Contract with Orrick, Herrington & Sutcliffe to provide bond counsel services, should bond measure pass
    June 20, 2014 – Board receives the Draft Facilities Master Plan (no video)
    June 24, 2014 – Draft Facilities Master Plan Presentation with Public Input/Comments
    July 3, 2014 – Draft Facilities Master Plan available on website
    July 8, 2014 – Facilities Master Plan Presentation with Public Input/Comments


  • M c M a h o n says:

    ———Questions for ABC Voters-Stakeholders??

    Question #1-
    Can the trustees identify the carrier over to this 2014 Master Plan, from prior Master Plans?
    Adopted 2014 Master Plan, there is no reference to the past master plans, which were/ were not completed from generated sales from the following:

    • Sunshine Park sale,
    • Whitney sale to Cerritos Park East,
    • Whitney Sale to Warmington developers,
    • 1997 Mello Roos Bond

    Question #2-
    CFO stated ABC district loses approximately 10% students annually, what percent of ABC school district, imports students from outside of the district, hence how much of the district will be suffering from this bond, allowing students to enter into the district, which will never pay towards financing of this 2014 Mello Roos bond?

    Question #3-
    How much of this bond will go to renewable energy, such as Solar energy and drought landscaping, since ABC is the largest consumer of water in the basin? Big ticket item for all campuses is renewing parking, but no mention of permeable hard surfacing in said parking staging?

    Question #4-
    What percentage of this bond will be used for:
    • Deferred maintenance.
    • New technology.
    • Internal changes For Common-Core introduction.

    Question #5-
    What is a spreadsheet analysis data derived from of the 1997 Mello Roos bond, combined with today’s 2014 Mello Roos bond?

    Question # 6-
    Can a Property Owner pre-pay off the 1997 Mellos Roos Bond plus 2014 Mello Roos Bond in full, without interest?

    Question #7-
    Bulk of revenue from 2014 Mello Roos Bond will be generated from Cerritos Dwellings and Business. What (%) of the revenue stream will be used in Cerritos Campuses?

    Question #8-
    District has 2 Corporate Office compounds. What (%) of the district shares the new Corporate West Offices? The orig. Corporate Office has what (%) of vacant office space now? What plans do the trustees have to generate income from the non-used office space?

    Question #9-
    Since the district has new drawn boundaries/trustees, when will the next (7/11) review asset Mgmt. of the demographic within the district?

    Question #10-
    CFO illustrated data from the LA cities which have Mello Roos School Bonds. ABC was one of the lowest city with the least amount of Bond Debt, but high API national scores. No reference was made how the existing bonds aided the API test score or the property values per sq ft. in all of the other cities which have implemented bonds?