Board Unanimously Approves Placement of General Obligation bond on March 2020 Ballot

During their November 12th regular meeting the Pleasanton Unified School District Board of Trustees voted unanimously to place a $323 million general obligation bond on the March 3, 2020 election ballot. 


The District started on the first phase of improvements through the passage of Measure I1.  Although improvements are planned at many of the District’s school sites, some of school facilities were built nearly 70 years ago and require updates to meet today’s standards. The District’s 2018 Facilities Master Plan identified $839 million in additional repairs and upgrades needed in our schools.

 

If the measure passes, the District would be authorized to issue and sell bonds up to $323 million to continue updating and improving Pleasanton Unified School District schools.  The bond would result in a tax of $43.10 per $100,000 of assessed value for Pleasanton property owners. A GO Bond measure requires a 55 percent approval from Pleasanton voters to pass.


The bond project list includes the modernization of existing science labs, upgraded school pick ups/drop-offs to address safety and school-related traffic, the replacement/modernization of high school gyms, facilities projects to add capacity to address enrollment growth, upgraded play structures and fields at school sites, as well as new and/or modernized high school theaters. The complete project list and approved bond resolution is available on the District website at www.pleasantonusd.net.  


Language to the bond measure includes: 


“To upgrade/construct classrooms and facilities to support science, technology, engineering, math, arts/music and accommodate growing student enrollment; improve safety/security systems; replace aging roofs, plumbing/electrical/HVAC systems; and improve access for students with disabilities; shall Pleasanton Unified School District’s measure be adopted, authorizing $323,000,000 in bonds at legal rates, raising approximately $21,300,000 annually with rates averaging 4.31¢ per $100 of assessed valuation while bonds are outstanding, with independent oversight, audits, and no money for administrators?” 


The full bond resolution language is available to the public at the following link (under agenda item 12.1): https://agendaonline.net/public/Meeting.aspx?AgencyID=106&MeetingID=73646&AgencyTypeID=1&IsArchived=False


The bond measure will be filed by December 6, 2019, with the Alameda County Registrar of Voters and the Alameda County Clerk to be included on the March 3, 2020 ballot. A campaign committee will be formed of community members to handle all campaign related activities. 

 

The Resolution attached below was approved with a 5-0 vote with the exception of having the word 'portable' removed in the sixth bullet under the Bond List.