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Peoria Unified
School District No. 11
of Maricopa County, Arizona
SPECIAL ELECTION
November 6, 2018
Compiled and issued by
Steve WAtSoN
Maricopa County School Superintendent (Spanish version begins on page 23)
Distrito escolar Unificado
Núm. 11 de Peoria del
Condado de Maricopa, Arizona
ELECCIÓN ESPECIAL
El 6 de noviembre de 2018
Recopilado y publicado por
Steve WAtSoN
Superintendente de Escuelas del Condado de Maricopa (La versión en español empieza en la página 23)
Folleto Informativo
Informational Pamphlet
TO THE VOTERS OF THE DISTRICT
On Tuesday, November 6, 2018, the voters of Peoria Unified School District No. 11 (“District”) will be asked to authorize the issuance and sale of not to exceed $189,195,000 principal amount of ad valorem tax bonds of the District in the form of class B general obligation bonds and related matters.
This information pamphlet has been prepared in order to provide voters with factual information regarding this special election. Your responsibility will be to indicate whether you believe authorization for the District to issue these bonds should be approved or should not be approved.
Please study the materials contained in this booklet carefully so you will be informed regarding your decisions on this bond issue.
Sincerely,
Steve Watson Maricopa County School Superintendent
(Information Pamphlet publication is mandated by Arizona Revised Statutes §§ 15-491, 15-492 and 35-454. School districts are mandated to distribute information pamphlets to all households within the district in which a qualified elector resides.)
Important voter information:
Every qualified elector at a polling place is required to show proof of identity before receiving a ballot. The elector shall announce his/her name and place of residence to the election official and present one form of identification from List #1 that bears the name, address, and photograph of the elector OR two different forms of identification from List #2 that bear the name and address of the elector OR two different forms of identification from List #3.
An elector who does not provide one form of identification from List #1 that bears the name, address, and photograph of the elector OR two different forms of identification from List #2 or List #3 that bear the name and address of the elector shall not be issued a regular ballot, but shall receive a provisional ballot and will have five (5) days after a Federal General election and three (3) days after any other election to provide sufficient ID to the County Recorder in order for their provisional ballot to count.
ID MUST reasonably match the precinct register. Identification is “valid” unless it can be determined on its face that it has expired.
LIST #1: Photo identification with name and address – ONE REQUIRED
Acceptable forms of identification with photograph, name, and address of the elector: • Valid Arizona driver license
• Valid Arizona non-operating identification license • Tribal enrollment card or other form of tribal identification • U.S. Federal, State or Local Government issued identification
OR
-LIST #2: Non-photo identification (name and address only) – TWO REQUIRED
Acceptable forms of identification without a photograph that bears the name and address of the elector:
• Utility bill of the elector that is dated within ninety days of the date of the election. A utility bill may be for electric, gas, water, solid waste, sewer, telephone, cellular phone, or cable television
• Bank or credit union statement that is dated within ninety days of the election • Valid Arizona vehicle registration or vehicle insurance card
• Indian census card, Tribal enrollment card or other form of tribal identification • Property tax statement
• Recorder’s certificate or Voter Registration card – to obtain a digital/printable voter registration card, visit www.GetID.Maricopa.Vote
• U.S. Federal, State or Local Government issued identification
• Any “Official Election Material” mailing bearing the voter’s name and address LIST #3: Mix and Match from List #1 and List #2 – TWO REQUIRED
• Any Valid Picture ID from List #1 in which the address does not reasonably match the precinct register or that does not contain an address accompanied by a non-photo ID from List #2 in which the address does reasonably match the precinct register
• U.S. Passport without address and one item from List #2
PEORIA UNIFIED SCHOOL DISTRICT NO. 11 BOND ELECTION
NOVEMBER 6, 2018
PURPOSE FOR WHICH THE BONDS ARE TO BE ISSUED:
On May 24, 2018, the Governing Board of the District passed and adopted a resolution calling a special bond election (the “Election”) to authorize the issuance and sale of not to exceed $189,195,000 principal amount of ad valorem tax bonds of the District in the form of class B general obligation bonds (the “Bonds”) and related matters. A copy of such resolution is available from the District by written request to Peoria Unified School District No. 11 of Maricopa County, Arizona, 6330 West Thunderbird Road, Glendale, Arizona 85306, Telephone (623) 486-6000.
The proceeds of the sale of the Bonds will provide money for: • purchasing or leasing school lots;
• building or renovating school buildings;
• supplying school buildings with furniture, equipment and technology; • improving school grounds;
• purchasing pupil transportation vehicles; and
• providing for other general capital expenses or for liquidating any indebtedness already incurred for such purposes including for the purposes described herein under the subheading “List of Proposed Capital Improvements” and for paying all legal, financial, engineering, architectural, project management and administration and other necessary costs in connection therewith.
The District serves the growing cities of Peoria and Glendale, as well as large unincorporated areas of Maricopa County. In the opinion of the Governing Board, there is a need for renovation and maintenance for the District's existing campuses and to expand for student and community growth. The funding requested by the Election is needed to provide the District the means to continue to meet the future needs of students while maintaining the standards our community has come to expect in District facilities.
The Arizona School Facilities Board (“SFB”) was founded by the Arizona State Legislature in 1998 to provide public school districts with funding for building and maintaining schools. Unfortunately, the SFB has provided almost no funding to the District for any building, renovation and/or maintenance expenses for our 41 schools in the last seven years. For the reasons stated above, the District seeks authorization from voters to sell the Bonds.
The majority of the District's existing schools have been in use for over 25 years. The sale of the Bonds would allow the District to continue its existing renovation and maintenance program to maintain equity at all existing schools and to add schools necessary to address growing communities. Among the facility related projects to be continued are programs for safety and security improvements including access and restroom renovations and the remodeling of high school auditoriums across the District. The Bonds will continue to help upgrade technology systems and the replacement of equipment to support the educational mission of the District.
MAXIMUM INTEREST RATE OF THE BONDS:
The maximum interest rate on the Bonds will not exceed 8% per annum.
PLAN OF FINANCE:
If the Election is successful, it is anticipated that the District would issue the total amount of the Bonds by the means of bond sale phases conducted through fiscal year 2025. The interest rate to be borne by the Bonds would be determined by the market conditions that prevail at the time of sale, but in no event would the Bonds be sold at an interest rate greater than 8% per annum. Average annual interest on the bonds is assumed herein at 5.0% for a 2019 sale and 5.5% for sales thereafter for purposes of estimating tax impact. Repayment of both principal of and interest on each series of the Bonds would occur over a period of not to exceed 20 years.
If authorized and all sold, the Bonds would be repaid from a levy of ad valorem taxes on all taxable property within the District. It is estimated that the Bonds would require an estimated average annual secondary tax rate increase of $0.79 per $100 of assessed valuation over the estimated 24 year life of the Bonds.
The following is an estimated debt service schedule for the Bonds and the estimated impact to the secondary tax rate of the District given the assumptions described therein:
P E O R IA U N IF IE D S C H O O L D IS T R IC T N O . 1 1 B O N D E L E C T IO N N O V E M B E R 6 , 2 0 1 8 P ri nc ip a l In te re st C om bi n ed T ax R at e P ri nc ip a l C om bi n ed C om bi n ed ( d) T ax R at e (d ) $1 ,7 80 ,1 18 ,9 47 $1 9, 01 5, 00 0 $9 ,4 81 ,5 65 $2 8, 49 6, 56 5 $1 .6 0 $2 8, 49 6, 56 5 $1 .6 0 1, 78 0, 11 8, 94 7 18 ,4 55 ,0 00 8, 76 9, 24 4 27 ,2 24 ,2 44 1. 53 $1 ,1 25 ,0 00 $ 0 $1 ,1 25 ,0 00 $0 .0 6 28 ,3 49 ,2 44 1. 59 1, 78 0, 11 8, 94 7 17 ,5 40 ,0 00 7, 96 9, 24 4 25 ,5 09 ,9 94 1. 43 1, 37 5, 00 0 1, 46 8, 93 1 2, 84 3, 93 1 0. 16 28 ,3 53 ,9 25 1. 59 1, 78 0, 11 8, 94 7 18 ,1 20 ,0 00 7, 17 9, 14 4 25 ,2 99 ,1 44 1. 42 20 0, 00 0 2, 86 9, 25 0 3, 06 9, 25 0 0. 17 28 ,3 68 ,3 94 1. 59 1, 78 0, 11 8, 94 7 13 ,9 40 ,0 00 7, 44 2, 94 4 21 ,3 82 ,9 44 1. 20 2, 47 5, 00 0 4, 51 3, 75 0 6, 98 8, 75 0 0. 39 28 ,3 71 ,6 94 1. 59 1, 78 0, 11 8, 94 7 13 ,7 45 ,0 00 6, 96 7, 69 4 20 ,7 12 ,6 94 1. 16 1, 62 5, 00 0 6, 02 9, 77 5 7, 65 4, 77 5 0. 43 28 ,3 67 ,4 69 1. 59 1, 78 0, 11 8, 94 7 10 ,0 65 ,0 00 6, 46 5, 69 4 16 ,5 30 ,6 94 0. 93 4, 90 0, 00 0 6, 93 6, 38 8 11 ,8 36 ,3 88 0. 66 28 ,3 67 ,0 81 1. 59 1, 78 0, 11 8, 94 7 9, 97 5, 00 0 6, 06 5, 59 4 16 ,0 40 ,5 94 0. 90 4, 60 0, 00 0 7, 61 8, 34 0 12 ,2 18 ,3 40 0. 69 28 ,2 58 ,9 34 1. 59 1, 78 0, 11 8, 94 7 10 ,4 35 ,0 00 5, 61 5, 34 4 16 ,0 50 ,3 44 0. 90 3, 90 0, 00 0 8, 31 9, 45 3 12 ,2 19 ,4 53 0. 69 28 ,2 69 ,7 96 1. 59 1, 78 0, 11 8, 94 7 10 ,8 60 ,0 00 5, 19 0, 09 4 16 ,0 50 ,0 94 0. 90 3, 17 5, 00 0 9, 03 1, 56 5 12 ,2 06 ,5 65 0. 69 28 ,2 56 ,6 59 1. 59 1, 78 0, 11 8, 94 7 11 ,3 60 ,0 00 4, 69 1, 34 4 16 ,0 51 ,3 44 0. 90 3, 35 0, 00 0 8, 85 6, 94 0 12 ,2 06 ,9 40 0. 69 28 ,2 58 ,2 84 1. 59 1, 78 0, 11 8, 94 7 11 ,8 70 ,0 00 4, 17 8, 84 4 16 ,0 48 ,8 44 0. 90 3, 30 0, 00 0 8, 67 2, 69 0 11 ,9 72 ,6 90 0. 67 28 ,0 21 ,5 34 1. 57 1, 78 0, 11 8, 94 7 12 ,4 15 ,0 00 3, 61 6, 54 4 16 ,0 31 ,5 44 0. 90 3, 47 5, 00 0 8, 49 1, 19 0 11 ,9 66 ,1 90 0. 67 27 ,9 97 ,7 34 1. 57 1, 78 0, 11 8, 94 7 13 ,0 10 ,0 00 3, 04 4, 81 9 16 ,0 54 ,8 19 0. 90 1, 42 5, 00 0 8, 30 0, 06 5 9, 72 5, 06 5 0. 55 25 ,7 79 ,8 84 1. 45 1, 78 0, 11 8, 94 7 13 ,6 10 ,0 00 2, 45 0, 20 0 16 ,0 60 ,2 00 0. 90 1, 50 0, 00 0 8, 22 5, 26 0 9, 72 5, 26 0 0. 55 25 ,7 85 ,4 60 1. 45 1, 78 0, 11 8, 94 7 14 ,2 15 ,0 00 1, 84 0, 30 0 16 ,0 55 ,3 00 0. 90 1, 57 5, 00 0 8, 14 6, 58 5 9, 72 1, 58 5 0. 55 25 ,7 76 ,8 85 1. 45 1, 78 0, 11 8, 94 7 14 ,8 30 ,0 00 1, 22 1, 70 0 16 ,0 51 ,7 00 0. 90 1, 65 0, 00 0 8, 06 3, 91 3 9, 71 3, 91 3 0. 55 25 ,7 65 ,6 13 1. 45 1, 78 0, 11 8, 94 7 15 ,5 00 ,0 00 56 9, 75 0 16 ,0 69 ,7 50 0. 90 1, 75 0, 00 0 7, 97 7, 11 5 9, 72 7, 11 5 0. 55 25 ,7 96 ,8 65 1. 45 1, 78 0, 11 8, 94 7 18 ,0 50 ,0 00 7, 88 4, 81 8 25 ,9 34 ,8 18 1. 46 25 ,9 34 ,8 18 1. 46 1, 78 0, 11 8, 94 7 18 ,9 50 ,0 00 6, 96 3, 85 0 25 ,9 13 ,8 50 1. 46 25 ,9 13 ,8 50 1. 46 1, 78 0, 11 8, 94 7 19 ,9 25 ,0 00 5, 99 6, 95 3 25 ,9 21 ,9 53 1. 46 25 ,9 21 ,9 53 1. 46 1, 78 0, 11 8, 94 7 20 ,9 25 ,0 00 4, 99 7, 85 0 25 ,9 22 ,8 50 1. 46 25 ,9 22 ,8 50 1. 46 1, 78 0, 11 8, 94 7 22 ,0 75 ,0 00 3, 84 6, 97 5 25 ,9 21 ,9 75 1. 46 25 ,9 21 ,9 75 1. 46 1, 78 0, 11 8, 94 7 23 ,2 95 ,0 00 2, 63 2, 85 0 25 ,9 27 ,8 50 1. 46 25 ,9 27 ,8 50 1. 46 1, 78 0, 11 8, 94 7 24 ,5 75 ,0 00 1, 35 1, 62 5 25 ,9 26 ,6 25 1. 46 25 ,9 26 ,6 25 1. 46 $2 48 ,9 60 ,0 00 $9 2, 76 0, 80 8 $3 41 ,7 20 ,8 08 $1 89 ,1 95 ,0 00 $1 47 ,1 96 ,1 29 $3 36 ,3 91 ,1 29 $6 78 ,1 11 ,9 37 $0 .7 9 * (a) (b ) (c ) (d ) 2 0 3 4 2 0 2 3 Exc lu es fi rs t 1 8 m on th s of in te re st e xp ec te d to b e pa id fr om p ro ce ed s of b on d sa le s. T ax r at e s st at e d p er $ 1 00 o f a ss es se d va lu e an d e xc lu de e a rn in gs , r eb a te a nd d el in qu en cy a d ju st m en t. P ro je c te d C o m b in ed A ss um es s al e p ha se s th ro ug h J ul y 20 25 a nd a ve ra ge a n nu a l i nt e re st a t 5 % fo r a 2 01 9 s al e a nd 5 .5 % fo r sa le s th e re af te r. In cl ud e s es tim at e d p ay m en ts o n $ 1 7. 4 m ill io n pr in ci pa l a m ou n t e xp ec te d to b e so ld J ul y 20 19 fr om th e N ov em be r 20 12 e le ct io n. A ss um es n o c ha n ge in c ur re nt a ss es se d va lu e as s ho w n a bo ve . A ss es se d va lu e fo r ta x pu rp os es h a s av er ag e d 2 .8 % d ec lin e ov er th e la st 1 0 y ea rs . 2 0 3 2 2 0 3 3 2 0 3 5 2 0 3 6 2 0 3 7 2 0 3 8 2 0 1 9 2 0 2 4 E st im at ed D eb t S er vi ce R eq u ir em en ts a n d P ro je ct ed Im p ac t o n S ec o n d ar y T a x R at e* B o n d s P ro p o se d t o b e Is su ed ( c) E st im at ed In te re st T ax R at e B o n d s C u rr en tl y O u ts ta n d in g ( b ) F is ca l Y ea r P ro je ct e d N et Li m ite d A ss es se d V al u e (a ) 2 0 3 1 2 0 2 0 2 0 2 1 2 0 2 2 P ro je c te d A ve ra g e A n n u al T ax R at e: 2 0 3 9 2 0 4 0 2 0 4 1 2 0 4 2 2 0 4 3 2 0 2 5 2 0 2 7 2 0 2 8 2 0 2 9 2 0 3 0 2 0 2 6
PEORIA UNIFIED SCHOOL DISTRICT NO. 11 BOND ELECTION
NOVEMBER 6, 2018
ESTIMATED TAX IMPACT:
As noted above, the Bonds would be repaid from a levy of ad valorem taxes on all taxable property within the District which would impact the taxpayers in the form of an estimated average annual secondary tax rate increase of $0.79 per $100 of assessed valuation.
The tax impact over the term of the Bonds on an owner-occupied residence valued by the county assessor at $250,000 is estimated to be $197 per year for 24 years, or $4,728 total cost. The tax impact over the term of the bonds on commercial property valued by the county assessor at $1,000,000 is estimated to be $1,417 per year for 24 years, or $34,008 total cost. The tax impact over the term of the bonds on agricultural or other vacant property valued by the county assessor at $100,000 is estimated to be $118 per year for 24 years, or $2,832 total cost.
Assessor’s value for tax purposes is the value of property as it appears on a tax bill and does not necessarily represent the market value. Cost based on the projected average annual tax rate over the life of the bond issues and a number of other financing assumptions which are subject to change. Cost assumes the net assessed valuation of the property increases annually at the lesser of five percent or fifty percent of the projected total annual increase in net assessed valuation shown on the projected debt service schedule. Estimated average net assessed valuation of owner-occupied residential properties, commercial and industrial properties, or agricultural and vacant properties, as applicable, within the jurisdiction as provided by the Arizona Department of Revenue. ESTIMATED TOTAL COST:
Should the Bonds be authorized and issued, the District estimates that the total cost of the Bonds, including principal and interest would be $336,391,129.
ESTIMATED ISSUANCE COSTS:
Should the Bonds be authorized and issued, the District estimates that the cost of issuance of each series of the Bonds will be approximately $60,000. CURRENT OUTSTANDING GENERAL OBLIGATION DEBT AND CONSTITUTIONAL DEBT LIMITATION:
The District currently has $231,560,000 aggregate principal amount of ad valorem tax debt outstanding. The constitutional debt limit of the District is $704,288,720, being thirty percent (30%) of the net assessed full cash value of the taxable property in the District.
P E O R IA U N IF IE D S C H O O L D IS T R IC T N O . 1 1 B O N D E L E C T IO N N O V E M B E R 6 , 2 0 1 8 S T A T E O F A R IZ O N A S C H O O L F A C IL IT IE S B O A R D C A P IT A L P L A N E X E C U T IV E S U M M A R Y D is tr ic t: P e o ri a U n ifi e d S c h o o l D is tr ic t C T D : 0 7 0 2 1 1 A .R .S . § § 1 5 -4 8 1 a n d 1 5 -4 9 1 p ro v id e t h a t th e i n fo rm a ti o n a l re p o rt p re p a re d b y t h e c o u n ty s c h o o l s u p e ri n te n d e n t p u rs u a n t to a n e le c ti o n t o e x c e e d d is tr ic t a d d it io n a l a s s is ta n c e f o r c a p it a l p u rp o s e s o r to i s s u e c la s s B b o n d s o r Im p a c t A id R e v e n u e b o n d s f o r a s c h o o l d is tr ic t c o n ta in a n e x e c u ti v e s u m m a ry o f th e d is tr ic t’ s m o s t re c e n t c a p it a l p la n a s s u b m it te d t o t h e A ri z o n a S c h o o l F a c ili ti e s B o a rd . T h e f o llo w in g e x e c u ti v e s u m m a ry c o n ta in s t h e d is tr ic t’ s N e w C o n s tr u c ti o n r e q u e s t a s s u b m it te d i n i ts J u ly 1 , 2 0 1 7 C a p it a l P la n , th e d is tr ic t re v is io n o f th a t p la n ( if a p p lic a b le ), a n d t h e N e w C o n s tr u c ti o n p ro je c ts c o n c e p tu a lly a p p ro v e d f o r th e d is tr ic t b y t h e S c h o o l F a c ili ti e s B o a rd a s o f J u n e 1 , 2 0 1 8 . J u ly , 2 0 1 7 D is tr ic t S u b m it ta l D is tr ic ts w e re r e q u ir e d t o s u b m it a 2 0 1 8 c a p it a l p la n t o t h e S c h o o l F a c ili ti e s B o a rd b y J u ly 1 , 2 0 1 7 if t h e d is tr ic t b e lie v e d t h a t a d d it io n a l s q u a re f o o ta g e w o u ld b e r e q u ir e d f o r s c h o o ls ( e x c lu s iv e o f d is tr ic t a d m in is tr a ti v e s p a c e ) b y t h e f a ll o f 2 0 2 1 , o r a d d it io n a l l a n d f o r n e w s c h o o l f a c ili ti e s w o u ld b e r e q u ir e d b y t h e f a ll o f 2 0 2 7 . T h e r e q u ir e d in fo rm a ti o n in c lu d e d a d e s c ri p ti o n o f th e a d d it io n a l s q u a re f o o ta g e re q u e s te d a n d e n ro llm e n t p ro je c ti o n s f o r th e d is tr ic t. F o llo w in g is a s u m m a ry o f th e a d d it io n a l s q u a re f o o ta g e r e q u e s te d b y t h e d is tr ic t. T h e a d d it io n a l s q u a re f o o ta g e i s s h o w n i n t h e y e a r in w h ic h t h e d is tr ic t re q u e s te d t h e a d d it io n a l s q u a re f o o ta g e t o o p e n . F Y 2 0 1 8 F Y 2 0 1 9 F Y 2 0 2 0 F Y 2 0 2 1 F Y 2 0 2 2 F Y 2 0 2 3 F Y 2 0 2 4 F Y 2 0 2 5 F Y 2 0 2 6 D is tr ic t d id n o t re q u e s t fu n d in g f o r a d d it io n a l s q u a re f o o ta g e i n t h e J u ly 2 0 1 7 C a p it a l P la n .
N e w C o n s tr u c ti o n P ro je c ts C o n c e p tu a ll y A p p ro v e d b y t h e S c h o o l F a c il it ie s B o a rd a s o f J u n e 1 , 2 0 1 8 Id e n ti fi e d b e lo w a re t h e n e w f a c ili ti e s c o n c e p tu a lly a p p ro v e d b y t h e S c h o o l F a c ili ti e s B o a rd a s o f J u n e 1 , 2 0 1 8 . T h e c o n c e p tu a l a p p ro v a l o f p ro je c ts d o e s n o t c o m m it f u n d in g , b u t d e m o n s tr a te s t h e p ro je c te d n e e d f o r n e w f a c ili ti e s b a s e d o n c u rr e n t d e m o g ra p h ic p ro je c ti o n s f o r th e d is tr ic t. T h e a d d it io n a l s q u a re f o o ta g e i s s h o w n i n t h e y e a r in w h ic h t h e S c h o o l F a c ili ti e s B o a rd p ro je c ts t h a t th e d is tr ic t w ill e x c e e d c a p a c it y a n d w ill b e e lig ib le f o r th e a d d it io n a l s q u a re f o o ta g e t o b e a w a rd e d . F u n d in g f o r n e w f a c ili ti e s b e c o m e s a v a ila b le i n t h e fi s c a l y e a r fo llo w in g t h e a w a rd , s u b je c t to l e g is la ti v e a p p ro p ri a ti o n . D is tr ic t h a s n o t b e e n c o n c e p tu a lly a p p ro v e d f o r a d d it io n a l s q u a re f o o ta g e b y t h e S c h o o l F a c ili ti e s B o a rd f o r th is t im e p e ri o d . R e v ie w e d a n d A p p ro v e d b y : D a te : /s / P a u l B a k a lis J u n e 1 2 , 2 0 1 8 E x e c u ti v e D ir e c to r F Y 2 0 1 8 F Y 2 0 1 9 F Y 2 0 2 0 F Y 2 0 2 1 F Y 2 0 2 2 F Y 2 0 2 3 F Y 2 0 2 4 F Y 2 0 2 5 F Y 2 0 2 6
PEORIA UNIFIED SCHOOL DISTRICT NO. 11 BOND ELECTION
NOVEMBER 6, 2018
LIST OF PROPOSED CAPITAL IMPROVEMENTS
The following table presents the capital improvements expected to be paid from bond proceeds, the estimated cost of each capital improvement, the estimated average annual tax rate associated with each capital improvement and the estimated cost of each capital improvement for the owner of a single-family home valued at $100,000:
Estimated Estimated Annual Annual Cost of improvement Estimated Tax Rate for Owner of a
Costs of Associated with Single-Family Home Proposed Capital Improvements Improvements (a) Improvement (b) Valued at $100,000
Non-Administrative Purposes Renovations and/or improvements to and
for existing schools and safety standard improvements and high school auditoriums, Career and Technical Education, Arts Education and instruction technology, furniture, fixtures, equipment and
miscellaneous school furnishings $89,229,000 $0.3726 $37.26 Pupil transportation and campus
support vehicles 3,025,000 0.0126 1.26 Acquisition of land and construction,
acquisition, and/or improvements to, new school facilities, including technology, furniture, fixtures, equipment and
miscellaneous school furnishings 39,800,000 0.1662 16.62 Acquisition of land and construction,
acquisition, and/or improvements to, new high school facilities, including technology, furniture, fixtures, equipment and
miscellaneous school furnishings 40,000,000 0.1670 16.70 Technology, equipment and infrastructure
related to access and connectivity 14,929,000 0.0624 6.24 Subtotal of Non-Administrative
Capital Improvements $186,983,000 $0.7808 $78.08 Administrative Purposes
Renovations and/or improvements to and for school support facilities or administrative facilities, including technology, furniture
and equipment $2,212,000 $0.0092 $0.92 Subtotal of Administrative
Capital Improvements $2,212,000 $0.0092 $0.92 TOTAL $189,195,000 $0.7900 $79.00
(a) Bond issuance costs are included in the estimated cost of improvements.
(b) The estimated average annual tax rate and estimated average annual cost for each improvement above is based on the average annual tax rate over the life of the proposed bond issue and other financing assumptions which are subject to change.
ARGUMENTS FOR THE
PEORIA UNIFIED SCHOOL DISTRICT NO. 11 BOND ELECTION
Arguments represent the opinion of the Author(s)
I am in full support of the Peoria Unified School District Bond enabling the district to maintain the standard of excellence established by the District. Needs have arisen concerning student technology, as well as renovation of High Schools and Elementary Schools facilities to maintain the standards set forth by the District. Peoria Unified School District is one of the leading and most respected Districts in the state of Arizona and offering a quality education displaying a 95% graduation rate. Students within the District deserve the same standards of education and opportunities preceded throughout the years by the Peoria Unified School District. This bond is needed to maintain those elite standards.
Our youth is our future. Vote Yes for the Students Monte Ryan
Owner
Touchdown Sportwear
As the former superintendent of the Peoria Unified School District, I recognize that thriving neighborhoods, strong businesses and rising home values all depend on the success of our local public schools. A yes vote for the Peoria Unified Bond will ensure that the district maintains the tradition of excellence that our students and their parents expect and deserve. Bond funds cannot be used for teacher, support staff or administrator salaries, but rather fund items that the district will keep and maintain for many years.
The district’s 42 schools each have specific needs for maintenance, safety upgrades, and modernization. The bond will support the individual needs of our schools and support continued student growth, Arts Education and Career & Technical Education (CTE). These programs coupled with strong academic foundations help prepare students for success.
I encourage you to support our future generation of students and vote yes on the Peoria Unified School District Bond.
Dr. Denton Santarelli
The Peoria Unified School District is known for its rigorous curriculum, high caliber teachers, passionate and caring staff and innovative programs…all of which influence student success.
As the fourth largest school district in Arizona and the largest employer in the City of Peoria. Peoria Unified has a grand responsibility to all stakeholders.
The “Tradition of Excellence” that the Peoria Unified School District upholds directly correlates to high home values, low crime rates and a strong economy. As data suggest a thriving District equates to a thriving community. Not only do the constituents of Peoria Unified benefit from PUSD’s forward thinking and proven track record, but the surrounding communities do as well.
Due to the growth that City of Peoria continues to realize and to ensure that the Peoria Unified School District continues to uphold its “Tradition of Excellence,” it is critical that we continue to invest in the future, by voting “Yes” for the bond.
David Sandoval
Governing Board Member
The Glendale Chamber of Commerce asks for your support for the continuation of the Bond for the Peoria Unified School District. Continuation of bond will not create a new tax, but will continue the existing funding and will allow for continuation of successful programs essential for achievement.
The Glendale Chamber of Commerce represents over 1,300 area businesses and recognizes the value of continued investments in our education system. Additionally, we understand the obligation we have to better educate our business leaders of the future. Our business community’s sustainability depends on our continued support of a quality educations system.
Please vote YES on the continuation of the PUSD Bond. Robert W. Heidt, Jr.
President/CEO
When choosing where to live and raise my family, I considered many variables: length of commute to work, safety, community involvement and activism, property values, and economic forecast. The most important variable was quality of public education. I was not only looking through the lens of a parent, but that of a long-term resident. I know that a quality school district attracts and retains quality residents, drives economic growth, encourages a community-centered mentality, and lowers crime rates.
While our district is amazing, we encounter many issues with educational funding. Our beautiful, original campuses face serious issues due to age and need to be restored. Additionally, our city is growing at an explosive rate, and new schools are needed to accommodate that growth. This bond addresses issues that every one of our 42 campuses. I strongly encourage you to vote yes on the 2018 Peoria Unified School District bond.
Kacie Franklin
Chair, Support Peoria Students PAC
Please support Peoria students and Vote Yes on the 2018 Peoria Unified School District Bond. I served on the Citizens Bond Advisory Committee as a parent and President of Peoria United Parent Council. For 7 months, the Bond committee heard presentations covering the complexities of school finance, District- wide repairs, (Restroom repairs are the #1 item requested by students), and Growth statistics. We toured Peoria and Cactus HS, Peoria and Foothills Elementary. We viewed much needed repairs at Peoria HS, security and infrastructure needs at both Elementary sites…. In 1975, Peoria covered 7 square miles, today its 180 square miles. In 1996, Peoria’s population was 75,000, since then 9 Elementary and 3 High Schools were added- including Kellis HS 2004, Liberty 2006. Today, Peoria’s population is OVER 175,000 people and growing.
We learned a BOND is similar to your home loan for an air conditioner or bathroom remodel. Bonds are loans made to the school district to purchase capital items. School district bonds approved by voters must be transparent by sharing information on the progress of how the bond proceeds are spent. Vote Yes! We can IMPROVE EDUCATION WITHOUT RAISING TAXES.
Annette McCarty-Abraham, Parent
The Peoria Unified School District needs the support of all voters in the district during the 2018 Bond Election. PUSD has gone too long with too little funding for our schools. A YES vote on the PUSD Bond would provide the district with $189.2 million dollars that would go directly into capital needs of PUSD which will include funding specifically allotted for Upgrades and Improvements, Student Transportation, Career and Technical Education, Arts Education, Technology, and Growth.
PUSD has facilities dating back to as early as 1928. Because of the wide range of building ages in the district many buildings are long overdue for upgrades and improvements. The 2018 Bond would allocate $83 million specifically for addressing the needs of the current aging facilities throughout the district. Additionally Peoria is experiencing large amounts of growth with new home developments breaking ground within the district boundaries. This growth has resulted in higher class sizes and increased student enrollment. To address this need the district has allocated $79.8 million within the Bond to build a new elementary school and high school. I enthusiastically support a YES vote for the 2018 PUSD Bond to support the students, teachers, schools, and our community.
Dr. Michael Gard
Peoria Unified School District Governing Board Candidate
As a school board candidate, former teacher, parent, and business owner, I urge you to support the Peoria Unified School District Bond. The Citizens Bond Committee, which included representation from across the district, diligently reviewed student growth and residential development data, modernization and facility needs from all schools, and current school finance resources available. Their work resulted in an inclusive, forward-looking bond budget that was unanimously approved by the Governing Board. This bond will support the facility modernization needs of our current schools and strengthen our technology, arts, and CTE programs. In addition to ensuring that all schools can continue the PUSD tradition of offering an excellent education in a quality environment, this bond will allow for the building of a new elementary and high school, both of which are critical in alleviating current overcrowding and accommodating growth. The bond is a WIN for all community members as it accomplishes these goals without increasing the current tax rate. Passage of this bond will ensure equitable access to the highest quality public schools in all neighborhoods-a key factor in maintaining property values for residents and encouraging new business/employers to locate in our community. Vote YES on the PUSD bond!
Cory Underhill
School funding is lacking in the state of Arizona; fortunately, state law allows school districts to request a bond election to help with necessary needs. Thank you to a committee of concerned community members who worked with school district employees to determine the needs of all schools and services. Gratefully, the Peoria Unified School District Governing Board voted to support the committee’s and district administration’s findings. As a former District administrator, I know that there are many programs and facilities that were supported by previous bond elections. These are necessary funds that cannot be supported by current state funding. Districts must ask the public to support them through the issuance of bonds. I wholeheartedly approve of the upcoming bond election and hope you, too, will vote YES to maintain the public education we all want for our students. With funding set aside for technology, upgrading buildings and improving facilities, purchasing land and building new sites, and replacing buses, bond money will affect every part of the school district. It is important that we vote YES in 2018 to continue moving forward. Our kids are counting on us!
Davita Solter
It is said that the number one factor in influencing how successful our schools are is the support and engagement of the local community. For more than 100 years, the Peoria School District has attracted families and businesses to our neighborhoods and prepared generations to lead and become productive citizens. That’s thanks to everyone who has believed that our kids are worth it, and that their success impacts all of our futures! In another time, or in another state, a district might not have to ask the local community to invest in the growth of our district or the improvement of our campuses. But, today, in Arizona, in PUSD the choice is ours: To continue the tradition of excellence and build on our reputation for quality for all students (with no increase in taxes), or to let the opportunity pass and let the clock tick as prices rise, before we try again what is an undeniable need for our community. I hope you will join me in voting YES on the PUSD bond.
Kathy Knecht
PUSD Board Member
As a real estate professional and recipient of the West Maricopa Association of REALTORS® Young Professional of the Year Award I have sold hundreds of homes in and around Peoria. I find that the homes I sell within the PUSD boundaries sell quicker and at a higher value due to our
excelling schools. When families are looking to move into our Peoria Neighborhoods I always get asked what seems to be a very simple question, “How are the schools here?”
I am always happy to respond that my own daughter attends a PUSD school and is receiving a top notch education. I would also love to continue to answer in this manner. It’s no secret the people are willing to pay more for homes that are within school boundaries that offer low class sizes, up-to-date technology and facilities, extra-curricular activities, amazing teachers and a safe environment.
It is important for homeowners to know that better schools will help keep property values up and that a yes vote for the PUSD Bond will provide our children across Peoria a great learning environment without raising our taxes. I strongly encourage you to vote yes for our schools.
Jenifer Krichbaum Real Estate Broker
As a Family Physician, I am in contact with thousands of families who attend Peoria Unified schools each year. From my interactions, and my experience as a parent in the district, I am familiar with the wide range of opportunities offered by PUSD. From award winning Career Technical Education Programs (including the Medical, Engineering, and Technology Professional Academy), to specialized programs that offer Spanish immersion, STEM, and the arts, to programs for students with exceptional needs, and outstanding athletic programs, PUSD offers a variety of quality opportunities for all students.
I have witnessed the significant growth in our community and recognize the critical need to continue to invest in our public schools. Research indicates that education is a strong predictor of an individual’s health over a lifetime. Quality educational experiences lead to enhanced employment and income outcomes, as well as increased access to health resources and health promoting behaviors. Passage of the bond will ensure that PUSD is able to continue to strengthen our communities through safety improvements, modernization, new building for growth, and enhancement of high quality educational experiences. I strongly support the passage of the PUSD bond. High quality public schools support healthy communities and healthy futures.
As a lifelong Peoria resident, I have watched our small town grow into the thriving city it is today. PUSD has always been the heart of our community. Our values, commitment and resolve continue to drive economic growth. Our schools are the foundation of safe and strong communities.
Last year, the Governing Board selected community members to serve on the Citizens’ Bond Advisory Committee (CBAC), and tasked them with making recommendations to the board. Through a detailed process and collaborative effort, a bond initiative was developed that the board approved. The committee recommended an equitable plan that addresses the diverse needs of our district, from new construction for growing communities to preservation of our classic sites and out arts programs. School safety is prioritized in every component of this plan, highlighting our mission to serve every student. To my delight, this will not create an increase to our taxes. Success of this bond is crucial to continuing our tradition of excellence, ensuring the safety of every student and preserving the pride of Peoria. I ask you as Peoria Unified Governing Board President, alumna and parent to vote yes on the Peoria Unified School District Bond. Monica Ceja Martinez
PUSD Governing Board President
As a developer of the 7,100-acre Vistancia master planned community since the early 2000’s, I have proudly observed the tremendous success and growth of the City of Peoria and our excelling Peoria Unified District public schools. Offering quality learning environments to the youth within our community has always been at the heart of Vistancia’s vision, and we are honored to be the home to two award-winning K-8 PUSD elementary schools- Vistancia Elementary and Lake Pleasant Elementary.
Peoria residents’ investment in the school district is essential to meeting the needs of the rapid growth we are experiencing in north Peoria, and will serve as a catalyst to drive business growth and job creation, attract families to our city, increase property values, and create successful students who give back to their community. Additionally, the bond approval will ensure our schools are equipped with quality facilities, offer above-standard teaching tools and resources, and relieve the overcrowding that currently exists. These critical enhancements that will help Peoria continue to thrive as one of the best places to live in Arizona. Please join me in supporting the Peoria Unified School District bond election. VoteYES!
Mark Hammons
ARGUMENTS AGAINST THE
PEORIA UNIFIED SCHOOL DISTRICT NO. 11 BOND ELECTION
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PEORIA UNIFIED SCHOOL DISTRICT NO. 11 SPECIAL ELECTION
NOVEMBER 6, 2018 COUNTY OF MARICOPA
STATE OF ARIZONA
Shall Peoria Unified School District No. 11 of Maricopa County, Arizona (the “School District”), be authorized to issue and sell general obligation bonds of the School District in the form of class B general obligation bonds in the principal amount of not to exceed $189,195,000 for the purpose of raising money for purchasing or leasing school lots, building or renovating school buildings, supplying school buildings with furniture, equipment and technology, improving school grounds, purchasing pupil transportation vehicles and providing for other general capital expenses or for liquidating any indebtedness already incurred for such purposes for paying all legal, financial, engineering, architectural, project management and administration and other necessary costs in connection therewith and, in connection therewith as necessary, to purchase school sites and build school buildings, said bonds and any bonds issued to refund such bonds or other bonds of the School District to be sold for prices which may include premium in amounts permitted by applicable law and to be refundable by the issuance of refunding bonds of a weighted average maturity of less than 75% of the weighted average maturity of the bonds being refunded, to bear interest at a rate of not to exceed 8% per annum, payable semiannually on the first day of January and the first day of July of each year until the maturity of each bond and at the option of the School District to be evidenced by separate supplemental interest certificates, to mature over a period of not more than 20 years from the date of their issuance, to be in the amount of $5,000 of principal amount each or multiples thereof and to mature on the first day of the same month of each year which may be either January or July?
The issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds.
The capital improvements that are proposed to be funded through this bond issuance are to exceed the State standards and are in addition to moneys provided by the State.
The School District is proposing to issue class B general obligation bonds totaling $189,195,000 to fund capital improvements over and above those funded by the State. Under the Students FIRST Capital funding system, the School District is entitled to State moneys for new construction and renovation of school buildings in accordance with State law.
A “YES” vote shall authorize the School District Governing Board to issue and sell $189,195,000 of general obligation bonds of the School District to be repaid with secondary property taxes.
A “NO” vote shall not authorize the School District Governing Board to issue and sell such bonds of the School District.
BOND APPROVAL, YES BOND APPROVAL, NO
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BALLOT FORMAT / SAMPLE BALLOT PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SPECIAL ELECTION NOVEMBER 6, 2018 COUNTY OF MARICOPA
STATE OF ARIZONA
QUESTION
A “yes” vote shall authorize the Peoria Unified School District Governing Board to issue and sell $189,195,000 principal amount of general obligation bonds to be repaid with secondary property taxes.
A “no” vote shall not authorize the Peoria Unified School District Governing Board to issue and sell such bonds.
BOND APPROVAL, YES BOND APPROVAL, NO
VOTER INFORMATION
1. The polls are open on Election Day from 6:00 a.m. to 7:00 p.m.
2. Every qualified elector is required to show proof of identity at the polling place before receiving a ballot.
3. For the purpose of assisting in casting a ballot, any voter may be accompanied into the voting booth by a person of their choice with the following exception: A person who is a candidate appearing on the ballot (other than a precinct committeeman candidate) or who has been employed by or volunteered for a candidate, campaign, political organization or political party in that election is not eligible to assist any voter.
4. Sample ballots or informational pamphlets may be brought to the voting place and may be taken into the voting booth on the day of the elections.
5. Any qualified voter who at 7:00 p.m. is in the line of waiting voters shall be allowed to prepare and cast their ballot.
QUALIFICATIONS TO VOTE
In order to vote in this election, you must have been registered in a precinct within the boundaries of the school district on or before midnight, Tuesday, October 9, 2018. If you do not know if you are qualified to vote, you can check your status online at
https://Recorder.Maricopa.Gov/EarlyVotingBallot/VoterRegistrationLookup.aspxor by calling the Maricopa County Recorder’s Office at 602-506-1511.
PLEASE BE SURE TO CHECK THE MAILING PANEL ON THIS PAMPHLET; IT TELLS YOU WHERE TO VOTE. For information about voting assistance for voters with disabilities,
please call: 602-506-1511 or 602-506-2348 (TDD) PERMANENT EARLY VOTING LIST VOTERS
Individuals who have signed up to be on the Permanent Early Voting List and who are eligible to vote in this election will automatically be sent an early ballot on the first day of early voting (October 10, 2018) unless they contact the department by Friday, September 21, 2018 to indicate that: 1) they do not wish to receive an early ballot for this election, 2) have changes to their voter information on file or 3) wish to be removed completely from the Permanent Early Voting List. To check to see if you are on the Permanent Early Voting List or for information on how to update or be removed from the Permanent Early Voting List, please visit our website at
https://Recorder.Maricopa.Gov/EarlyVotingBallot/PermanentEVListInfo.aspx contact our department at 602-506-1511.
EARLY VOTING
Individuals who are eligible to vote in this election and who wish to vote an early ballot in person may appear at any of the County Recorder Offices located at 510 S. 3rd Ave., Phoenix, 111 S. 3rd Ave., Phoenix, or 222 E. Javelina Ave., Mesa, beginning Wednesday, October 10, 2018. Early voting will also be available at several satellite sites throughout the county and for those locations and hours of operation, please call 602-506-1511. In person voting can be done until 5:00 p.m. on November 2,
2018, the Friday prior to the election.
Requests for a mail ballot can be made by calling the Maricopa County Elections Department at 602-506-1511 or 602-506-2348 (TDD). Written requests may be sent to the Maricopa County Elections Department, 510 S. 3rd Ave., Phoenix, 85003 and Internet requests can be made at the following site:
www.Request.Maricopa.Vote. Written, Phone or Internet requests must be received by the Office of the County Recorder no later than 5:00 p.m., on the second Friday preceding the election (October 26, 2018). Written requests should include:
1) Name and residence address; 2) Birth date;
3) Election for which the ballot is requested;
4) Address where the ballot is to be mailed if different than residence address; 5) Signature of requestor.
In order to be valid and counted, the mailed ballot and signed Affidavit must be received by the Office of the County Recorder or other officer in charge of elections or deposited at any polling place in the county no later than 7:00 p.m. on Election Day, November 6, 2018.
TO VOTE:
Connect the head and tail of the arrow that points to your choice
Using Maricopa County’s Scan Voting System
INSTRUCTIONS
FOR VOTING
IF YOU MAKE AN ERROR, PLEASE CONTACT THE ELECTION OFFICIAL FOR A NEW BALLOT.
PARA VOTAR:
Conecte las dos partes de la flecha para indicar
su elección
Usando el Sistema de Votación de Escaneo del Condado de Maricopa
INSTRUCCIONES
PARA VOTAR
SI COMETE UN ERROR, POR FAVOR PóNGASE EN CONTACTO CON UN FUNCIONARIO ELECTORAL PARA UNA NUEVA BOLETA ELECTORAL.
A LOS VOTANTES DEL DISTRITO
El martes 6 de noviembre de 2018, a los votantes del Distrito Escolar Unificado Núm. 11 de Peoria (“Distrito”) se les pedirá autorizar la emisión y venta de bonos de impuestos ad valorem del Distrito por una cantidad principal que no sobrepase $189,195,000 en la forma de bonos de obligación general clase B y asuntos relacionados.
Este folleto informativo se ha preparado para proporcionarles a los votantes información objetiva sobre esta elección especial. Su responsabilidad será indicar si usted considera que la autorización para que el Distrito emita estos bonos se debe aprobar o no aprobar.
Por favor estudie cuidadosamente los materiales que contiene este folleto para informarse sobre sus decisiones respecto a esta emisión de bonos. Atentamente,
Steve Watson
Condado de Maricopa Superintendente de Escuelas
(La publicación del Folleto Informativo está ordenada por los Estatutos Revisados de Arizona §§ 15-491, 15-492 y 35-454. Los distritos escolares tienen orden de distribuir folletos informativos en todos los hogares dentro del distrito en los que resida un elector con derecho a voto.)
Información importante para los votantes:
Todos los electores con derecho a votar deben presentar prueba de identidad en el lugar de votación antes de recibir una boleta. El elector le informará su nombre y lugar de residencia al oficial electoral y presentará una forma de identificación de la Lista #1 que tenga el nombre, la dirección y la fotografía del elector O dos formas de identificación diferentes de la Lista #2 que tengan el nombre y la dirección del elector O dos formas de identificación diferentes de la Lista #3.
A un elector que no suministre una forma de identificación de la Lista #1 que lleve el nombre, la dirección y la fotografía del elector O dos formas de identificación diferentes de la Lista #2 o Lista #3 que lleven el nombre y la dirección del elector no se le podrá emitir una boleta regular, pero recibirá una boleta provisional y tendrá cinco (5) días después de una elección Federal General y tres (3) días después de cualquier otra elección para suministrarle identificación adecuada al Registro del Condado para que su boleta provisional se incluya en el conteo.
La Identificación DEBE coincidir razonablemente con el registro del recinto electoral. Una identificación es "válida" a menos que se pueda determinar que ha caducado. LISTA #1: Identificación con fotografía, nombre y dirección – SE REQUIERE UNA
Formas de identificación aceptables con fotografía, nombre y dirección del elector: • Licencia válida de Arizona para conducir
• Licencia de identificación válida de Arizona sin permiso para conducir • Tarjeta de inscripción tribal u otra forma de identificación tribal
• Identificación emitida por el Gobierno Federal, Estatal o Local de los EE. UU. O
-LISTA #2: Identificación sin fotografía (solamente nombre y dirección) – SE REQUIEREN DOS
Formas de identificación aceptables sin fotografía que lleven el nombre y la dirección del elector:
• Factura de servicios públicos del elector con fecha de no más de noventa días antes de la fecha de la elección. Una factura de servicios públicos puede ser por electricidad, gas, agua, basura, alcantarillado, teléfono, teléfono celular, o televisión de cable
• Estado de cuenta de banco o cooperativa de crédito que tenga fecha de no más de noventa días antes de la elección
• Registro válido de vehículo de Arizona o tarjeta de seguro del vehículo
• Tarjeta de censo indígena, tarjeta de inscripción Tribal u otra forma de identificación tribal • Declaración de impuestos sobre la propiedad
• Certificado del Registro o tarjeta de Inscripción de Votante – para obtener una tarjeta de inscripción de votante digital/imprimible, visite www.GetID.Maricopa.Vote
• Identificación emitida por el gobierno Federal, Estatal o Local de los EE. UU.
• Cualquier “Material Electoral Oficial” enviado por correo que tenga el nombre y la dirección del votante.
LISTA #3: Combinación de la Lista #1 y Lista #2 – SE REQUIEREN DOS
• Cualquier Identificación Válida con Fotografía de la Lista #1 en la que la dirección no coincide razonablemente con el registro del recinto electoral o que no tiene una dirección acompañada de una identificación sin foto de la Lista #2 en la que la dirección coincide razonablemente con el registro del recinto electoral.
• Pasaporte de los EE. UU. sin dirección y algún documento de la Lista #2 • Identificación Militar de los EE. UU. sin dirección y un documento de la Lista #2
DISTRITO ESCOLAR UNIFICADO NÚM. 11 DE PEORIA ELECCIÓN DE BONOS
6 DE NOVIEMBRE DE 2018
PROPÓSITO POR EL QUE SE VAN A EMITIR LOS BONOS:
El 24 de mayo de 2018, el Consejo Directivo del Distrito aprobó y adoptó una resolución convocando a una elección especial de bonos (la “Elección”) para autorizar la emisión y venta de bonos de impuestos ad valorem del Distrito por una cantidad principal que no exceda $189,195,000 en la forma de bonos de obligación general de clase B (los “Bonos”) y asuntos relacionados. Hay copias de dicha resolución disponibles del Distrito por medio de solicitud escrita a Peoria Unified School District No. 11 of Maricopa County, Arizona, 6330 West Thunderbird Road, Glendale, Arizona 85306, Teléfono (623) 486-6000.
Lo recaudado de la venta de los Bonos proporcionará dinero para: • compra o arrendamiento de lotes escolares;
• construcción o renovación de edificios escolares;
• suministrar mobiliario, equipo y tecnología a edificios escolares; • mejorar terrenos escolares;
• comprar vehículos para el transporte de estudiantes; y
• proveer para otros gastos generales de capital o para liquidar deudas ya incurridas para dichos propósitos incluyendo para los propósitos descritos aquí bajo el subtítulo “Lista de Mejoras de Capital Propuestas” y para pagar por todos los costos legales, financieros, de ingeniería, arquitectónicos, de conducción y administración de proyecto y otros costos necesarios relacionados con lo mismo. El Distrito sirve a las crecientes ciudades de Peoria y Glendale, así como a grandes áreas no incorporadas del Condado de Maricopa. De acuerdo con la opinión del Consejo Directivo, se necesita renovar y mantener los campus existentes del Distrito y expandir para el aumento de estudiantes y de la comunidad. El financiamiento que se solicita mediante la Elección es necesario para suministrarle al Distrito los medios para continuar respondiendo a las necesidades futuras de los estudiantes y a la vez manteniendo los estándares que nuestra comunidad ha llegado a esperar en las instalaciones del Distrito.
La Legislatura del Estado de Arizona fundó el Consejo de Instalaciones Escolares de Arizona (Arizona School Facilities Board, cuyas siglas en inglés son “SFB”) en 1998 para proporcionarles a los distritos escolares públicos financiamiento para la construcción y el mantenimiento de escuelas. Desafortunadamente, SFB casi no ha proporcionado financiamiento para el Distrito para gastos de construcción, renovación
y/o mantenimiento de nuestras 41 escuelas en los últimos siete años. Por las razones antes mencionadas, el Distrito busca la autorización de los votantes para vender los Bonos.
La mayoría de las escuelas existentes del Distrito han estado en uso por más de 25 años. La venta de los Bonos le permitirá al Distrito continuar su existente programa de renovación y mantenimiento para mantener equidad en todas las escuelas existentes y agregar las escuelas necesarias para responder a las comunidades en crecimiento. Entre los proyectos relacionados con instalaciones que se van a continuar están programas para mejoras de seguridad y protección incluyendo acceso y renovaciones a los servicios sanitarios y la remodelación de auditorios de escuelas secundarias en todo el Distrito. Los Bonos continuarán ayudando a actualizar sistemas de tecnología y a reemplazar equipo para apoyar la misión educativa del Distrito.
MÁXIMA TASA DE INTERÉS DE LOS BONOS:
La máxima tasa de interés de los Bonos no sobrepasará el 8% por año.
PLAN DE FINANCIAMIENTO:
Si la Elección tiene éxito, se anticipa que el Distrito emitirá la cantidad total de los Bonos por medio de ventas de bonos en etapas llevadas a cabo hasta el año fiscal 2025. La tasa de interés acarreada por los Bonos estaría determinada por las condiciones que existan en el mercado en el momento de la venta, pero por ningún motivo se podrían vender los Bonos a un interés superior al 8% por año. Se asume aquí el promedio del interés anual de los bonos al 5.0% para una venta de 2019 y al 5.5% para ventas a partir de ahí para propósitos del cálculo del impacto de los impuestos. El reembolso tanto del principal como de los intereses de cada serie de Bonos ocurriría durante un período no mayor de 20 años.
Si se autorizan y se venden todos, los Bonos se reembolsarían de un gravamen de impuestos ad valorem sobre todas las propiedades sujetas a impuestos dentro del Distrito. Se calcula que los Bonos requerirían un promedio de aumento de la tasa de impuestos secundarios anual de $0.79 por $100 de valoración tasada durante el cálculo de 24 de vida de los Bonos.
El siguiente es el cálculo del programa del servicio de deuda para los Bonos y el cálculo del impacto en la tasa de impuestos secundarios del Distrito dadas las suposiciones que se describen aquí:
D IS T R IT O E S C O L A R U N IF IC A D O N Ú M . 1 1 D E P E O R IA E L E C C IÓ N D E B O N O S 6 D E N O V IE M B R E D E 2 0 1 8 P ri nc ip a l In te re se s C om bi n ad o P ri nc ip a l C om bi n ad o C om bi n ad o (d ) $1 ,7 80 ,1 18 ,9 47 $1 9, 01 5, 00 0 $9 ,4 81 ,5 65 $2 8, 49 6, 56 5 $1 .6 0 $2 8, 49 6, 56 5 $1 .6 0 1, 78 0, 11 8, 94 7 18 ,4 55 ,0 00 8, 76 9, 24 4 27 ,2 24 ,2 44 1. 53 $1 ,1 25 ,0 00 $ 0 $1 ,1 25 ,0 00 $0 .0 6 28 ,3 49 ,2 44 1. 59 1, 78 0, 11 8, 94 7 17 ,5 40 ,0 00 7, 96 9, 24 4 25 ,5 09 ,9 94 1. 43 1, 37 5, 00 0 1, 46 8, 93 1 2, 84 3, 93 1 0. 16 28 ,3 53 ,9 25 1. 59 1, 78 0, 11 8, 94 7 18 ,1 20 ,0 00 7, 17 9, 14 4 25 ,2 99 ,1 44 1. 42 20 0, 00 0 2, 86 9, 25 0 3, 06 9, 25 0 0. 17 28 ,3 68 ,3 94 1. 59 1, 78 0, 11 8, 94 7 13 ,9 40 ,0 00 7, 44 2, 94 4 21 ,3 82 ,9 44 1. 20 2, 47 5, 00 0 4, 51 3, 75 0 6, 98 8, 75 0 0. 39 28 ,3 71 ,6 94 1. 59 1, 78 0, 11 8, 94 7 13 ,7 45 ,0 00 6, 96 7, 69 4 20 ,7 12 ,6 94 1. 16 1, 62 5, 00 0 6, 02 9, 77 5 7, 65 4, 77 5 0. 43 28 ,3 67 ,4 69 1. 59 1, 78 0, 11 8, 94 7 10 ,0 65 ,0 00 6, 46 5, 69 4 16 ,5 30 ,6 94 0. 93 4, 90 0, 00 0 6, 93 6, 38 8 11 ,8 36 ,3 88 0. 66 28 ,3 67 ,0 81 1. 59 1, 78 0, 11 8, 94 7 9, 97 5, 00 0 6, 06 5, 59 4 16 ,0 40 ,5 94 0. 90 4, 60 0, 00 0 7, 61 8, 34 0 12 ,2 18 ,3 40 0. 69 28 ,2 58 ,9 34 1. 59 1, 78 0, 11 8, 94 7 10 ,4 35 ,0 00 5, 61 5, 34 4 16 ,0 50 ,3 44 0. 90 3, 90 0, 00 0 8, 31 9, 45 3 12 ,2 19 ,4 53 0. 69 28 ,2 69 ,7 96 1. 59 1, 78 0, 11 8, 94 7 10 ,8 60 ,0 00 5, 19 0, 09 4 16 ,0 50 ,0 94 0. 90 3, 17 5, 00 0 9, 03 1, 56 5 12 ,2 06 ,5 65 0. 69 28 ,2 56 ,6 59 1. 59 1, 78 0, 11 8, 94 7 11 ,3 60 ,0 00 4, 69 1, 34 4 16 ,0 51 ,3 44 0. 90 3, 35 0, 00 0 8, 85 6, 94 0 12 ,2 06 ,9 40 0. 69 28 ,2 58 ,2 84 1. 59 1, 78 0, 11 8, 94 7 11 ,8 70 ,0 00 4, 17 8, 84 4 16 ,0 48 ,8 44 0. 90 3, 30 0, 00 0 8, 67 2, 69 0 11 ,9 72 ,6 90 0. 67 28 ,0 21 ,5 34 1. 57 1, 78 0, 11 8, 94 7 12 ,4 15 ,0 00 3, 61 6, 54 4 16 ,0 31 ,5 44 0. 90 3, 47 5, 00 0 8, 49 1, 19 0 11 ,9 66 ,1 90 0. 67 27 ,9 97 ,7 34 1. 57 1, 78 0, 11 8, 94 7 13 ,0 10 ,0 00 3, 04 4, 81 9 16 ,0 54 ,8 19 0. 90 1, 42 5, 00 0 8, 30 0, 06 5 9, 72 5, 06 5 0. 55 25 ,7 79 ,8 84 1. 45 1, 78 0, 11 8, 94 7 13 ,6 10 ,0 00 2, 45 0, 20 0 16 ,0 60 ,2 00 0. 90 1, 50 0, 00 0 8, 22 5, 26 0 9, 72 5, 26 0 0. 55 25 ,7 85 ,4 60 1. 45 1, 78 0, 11 8, 94 7 14 ,2 15 ,0 00 1, 84 0, 30 0 16 ,0 55 ,3 00 0. 90 1, 57 5, 00 0 8, 14 6, 58 5 9, 72 1, 58 5 0. 55 25 ,7 76 ,8 85 1. 45 1, 78 0, 11 8, 94 7 14 ,8 30 ,0 00 1, 22 1, 70 0 16 ,0 51 ,7 00 0. 90 1, 65 0, 00 0 8, 06 3, 91 3 9, 71 3, 91 3 0. 55 25 ,7 65 ,6 13 1. 45 1, 78 0, 11 8, 94 7 15 ,5 00 ,0 00 56 9, 75 0 16 ,0 69 ,7 50 0. 90 1, 75 0, 00 0 7, 97 7, 11 5 9, 72 7, 11 5 0. 55 25 ,7 96 ,8 65 1. 45 1, 78 0, 11 8, 94 7 18 ,0 50 ,0 00 7, 88 4, 81 8 25 ,9 34 ,8 18 1. 46 25 ,9 34 ,8 18 1. 46 1, 78 0, 11 8, 94 7 18 ,9 50 ,0 00 6, 96 3, 85 0 25 ,9 13 ,8 50 1. 46 25 ,9 13 ,8 50 1. 46 1, 78 0, 11 8, 94 7 19 ,9 25 ,0 00 5, 99 6, 95 3 25 ,9 21 ,9 53 1. 46 25 ,9 21 ,9 53 1. 46 1, 78 0, 11 8, 94 7 20 ,9 25 ,0 00 4, 99 7, 85 0 25 ,9 22 ,8 50 1. 46 25 ,9 22 ,8 50 1. 46 1, 78 0, 11 8, 94 7 22 ,0 75 ,0 00 3, 84 6, 97 5 25 ,9 21 ,9 75 1. 46 25 ,9 21 ,9 75 1. 46 1, 78 0, 11 8, 94 7 23 ,2 95 ,0 00 2, 63 2, 85 0 25 ,9 27 ,8 50 1. 46 25 ,9 27 ,8 50 1. 46 1, 78 0, 11 8, 94 7 24 ,5 75 ,0 00 1, 35 1, 62 5 25 ,9 26 ,6 25 1. 46 25 ,9 26 ,6 25 1. 46 $2 48 ,9 60 ,0 00 $9 2, 76 0, 80 8 $3 41 ,7 20 ,8 08 $1 89 ,1 95 ,0 00 $1 47 ,1 96 ,1 29 $3 36 ,3 91 ,1 29 $6 78 ,1 11 ,9 37 $0 .7 9 * (a ) (b ) (c ) (d ) A su m e q ue n o ha y ca m bi o e n e l v al or ta sa do a ct ua l c om o se m ue st ra a rr ib a. E l v al or ta sa do p a ra fi ne s de im pu e st os h a p ro m ed ia do u n a d is m in uc ió n de l 2 .8 % d u ra nt e lo s úl tim os 1 0 a ñ os . In cl uy e cá lc ul o d e p ag o s en la c an tid ad p ri nc ip al d e $ 1 7. 4 m ill on e s qu e se e sp er a ve nd er e n ju lio d e 2 01 9 d e la e le cc ió n de n ov ie m br e d e 2 01 2 . A su m e e ta p as d e v en ta s ha st a ju lio d e 2 02 5 y u n p ro m ed io a nu a l d e in te re se s al 5 % p ar a u na v en ta d e 2 01 9 y 5 .5 % p a ra v en ta s a p ar tir d e a h í. E xc lu ye lo s pr im er os 1 8 d e in te re se s qu e se e sp er a pa g ar d e lo r ec au d ad o d e la s ve nt as d e b o no s. 2 0 3 1 2 0 2 0 2 0 2 1 2 0 2 2 P ro ye c ci ó n d el P ro m ed io d e la T as a A n u al d e Im p u es to s: 2 0 3 9 2 0 4 0 2 0 4 1 2 0 4 2 2 0 4 3 2 0 2 5 2 0 2 7 2 0 2 8 2 0 2 9 2 0 3 0 2 0 2 6 C ál cu lo d e lo s R eq u is it o s d e l S er vi ci o d e D eu d a y P ro ye cc ió n d e l I m p ac to e n la T a sa d e Im p u e st o s S ec u n d ar io s * B o n o s q u e se P ro p o n e E m it ir ( c) C ál cu lo d e In te re se s T as a d e Im pu es to s B o n o s P en d ie n te s A ct u al m en te ( b ) A ño F is ca l P ro ye cc ió n de l V al o r N et o T as a do Li m ita d o (a ) T as a d e Im pu es to s (d ) T as a d e Im pu es to s 2 0 3 4 2 0 2 3 Las ta sa s de im pu e st os s e m ue st ra n po r $1 00 d e v al or ta sa do y e xc lu ye n ga n an ci as , r ee m bo ls os y a ju st es p o r m or os id ad . P ro ye c ci ó n C o m b in ad a 2 0 3 2 2 0 3 3 2 0 3 5 2 0 3 6 2 0 3 7 2 0 3 8 2 0 1 9 2 0 2 4
DISTRITO ESCOLAR UNIFICADO NÚM. 11 DE PEORIA ELECCIÓN DE BONOS
6 DE NOVIEMBRE DE 2018 CÁLCULO DEL IMPACTO DE IMPUESTOS:
Como se indicó anteriormente, los Bonos se reembolsarían de un gravamen de impuestos ad valorem sobre todas las propiedades sujetas a impuestos dentro del Distrito que impactaría a los contribuyentes de impuestos en la forma de un aumento promedio anual de la tasa de impuestos secundarios que se calcula en $0.79 por $100 de valoración tasada.
Se calcula que el impacto de los impuestos durante el término de los Bonos en una residencia ocupada por el dueño valorada por el tasador del condado en $250,000 es de $197 por año por 24 años, o de un costo total de $4,728. Se calcula que el impacto de los impuestos durante el término de los bonos en una propiedad comercial valorada por el tasador del condado en $1,000,000 es de $1,417 por año por 24 años, o de un costo total de $34,008. Se calcula que el impacto de los impuestos durante el término de los bonos en propiedad agrícola u otra propiedad vacante valorada por el tasador del condado en $100,000 es de $118 por año por 24 años, o de un costo total de $2,832.
El valor del tasador para fines de impuestos es el valor de la propiedad como aparece en su cuenta de impuestos y no representa necesariamente el valor en el mercado. Costo basado en la proyección del promedio de la tasa anual de impuestos durante la vida de las emisiones de bonos y un número de consideraciones financieras que están sujetas a cambios. El costo asume que la valoración neta tasada de la propiedad aumenta anualmente a lo que sea menor entre el cinco por ciento o el cincuenta por ciento de la proyección del total del aumento anual en la valoración neta tasada mostrada en la proyección del programa del servicio de la deuda. El cálculo de la valoración neta tasada para propiedades residenciales ocupadas por el dueño, propiedades comerciales e industriales, o propiedades agrícolas o vacantes, según se aplique, dentro de la jurisdicción es de acuerdo con lo proporcionado por Arizona Department of Revenue.
CÁLCULO DEL COSTO TOTAL:
Si los Bonos se autorizan y se emiten, El Distrito calcula que el costo total de los Bonos, incluyendo el principal y los intereses sería de $336,391,129. CÁLCULO DE LOS COSTOS DE EMISIÓN:
Si los Bonos se autorizan y se emiten, el Distrito calcula que el costo de emisión de cada serie de los Bonos será de aproximadamente $60,000.
DEUDA DE OBLIGACIÓN GENERAL PENDIENTE Y LÍMITE DE DEUDA CONSTITUCIONAL:
El Distrito tiene actualmente una cantidad principal total de deuda de impuestos ad valorem pendiente de $231,560,000. El límite de deuda constitucional del Distrito es de $704,288,720, siendo el treinta por ciento (30%) del valor neto tasado en efectivo de las propiedades sujetas a impuestos en el Distrito.
