County Supervisors OK Cabrillo Unified School District’s Sale of $23M in Bonds, the Last of the 2012 Measure S $81M for CUSD Campus Modernization

Getting your Trinity Audio player ready...

AGENDA. From the San Mateo County Supervisors regular meeting on Tuesday, March 28th, 2023 at 9:00pm as a hybrid meeting.

 

To: Honorable Board of Supervisors

From: John D. Nibbelin, County Attorney

Subject: Issuance of Cabrillo Unified School District General Obligation Bonds, Election of 2012, Series D

 

RECOMMENDATION

Adopt a resolution authorizing the issuance and sale of general obligation bonds, Election of 2012, Series D of Cabrillo Unified School District in an aggregate principal amount not to exceed $23,000,000.

 

BACKGROUND

The voters in the Cabrillo Unified School District (“District”) approved by more than fifty-five percent of the voters a school bond measure on June 5, 2012, authorizing the issuance of general obligation bonds in the maximum aggregate principal amount of $81,000,000 (the “Bond Measure”). To date, the District has issued $58,000,000 in bonds pursuant to the Bond Measure.

 

On March 9, 2023, the Governing Board of the District authorized the issuance and sale of its general obligation bonds, Election of 2012, Series D of Cabrillo Unified School District, in an aggregate principal amount not to exceed $23,000,000 (the “Series D Bonds”) and requested that the County Board of Supervisors issue and sell the Series D Bonds on the District’s behalf.

 

DISCUSSION

State law generally provides that the County may issue and sell general obligation bonds on behalf of a school district. Government Code §§ 53506 et. seq. and Education Code § 15140(b) also allow the Board of Supervisors to authorize the District to sell and issue bonds directly on its own behalf without further action of the Board of Supervisors or officers of the County, if certain statutory conditions are met. The District expects to receive a Qualified Certification within the meaning of Education Code § 42133 which would foreclose the District’s direct issuance of the Series D Bonds on its own behalf.

 

With respect to the Series D Bonds, the District has elected to proceed under Government Code § 53506 et. seq. and has requested that the County issue the Series D Bonds pursuant to Government Code § 15140(a). Education Code § 15140(a) provides, in pertinent part, that: “Bonds of a school district or community college district shall be offered for sale by the board of supervisors of the county, the county superintendent of which has jurisdiction over the district, or the community college district governing board, where appropriate, as soon as possible following receipt of a resolution duly adopted by the governing board of the school district or community college district.”

 

The District is being assisted by the Dannis Woliver Kelley law firm as bond counsel and disclosure counsel, and Isom Advisors as financial advisor.

 

FISCAL IMPACT

These bonds are general obligations of the District, and do not constitute an obligation of the County. No County funds are pledged or obligated to the payment of the bonds

 

 

 

MEASURE S:

“To improve the quality of education in local schools by replacing leaky roofs; performing essential safety repairs on classrooms and facilities; updating science labs; equipping classrooms with 21st century technology; maximizing energy efficiency and water conservation to save money; and renovating, constructing, and equipping classrooms and facilities; shall Cabrillo Unified School District issue $81 million in bonds at legal rates with citizen oversights, annual audits, no funds for administrators’ salaries, and all funds staying in local schools?”

 


 

 

Have a Look at the Phase 1 Design Plans for El Granada Elementary with Outdoors, Coastal Views and Better Drop-Off in Mind

 

Approval of Updated Projects at El Granada and Farallone View Elementary Schools

Public Session • Thursday, November 10, 2022 • 6:00 PM

[pdf-embedder url=”https://www.coastsidebuzz.com/wp-content/uploads/2023/03/6.d.1-Farallone-View-and-El-Granada-Bond-Modernization-Projects-Slide-Presentation.pdf” title=”6.d.1 Farallone View and El Granada Bond Modernization Projects Slide Presentation”]

 

 


 

CUSD

 

The Cabrillo Unified School District School Governing Board is comprised of five school board members who are elected by the local community. The role of the school board is to provide leadership and oversight of the district. The Board ensures that the district is responsive to the values, beliefs, and priorities of the community.

The term of office for school board members elected in regular elections is four years, beginning on the second Friday in December after their election.  The board meets at least once a month at the District Office, 498 Kelly Avenue, Half Moon Bay. Meetings are open to the public and are usually held on Thursday nights at 6 pm.  A portion of the board meeting consists of a “closed” session for the purpose of discussing confidential matters, such as personnel or student issues.

 


District Board of Trustees:

 Board Member SOPHIA LAYNE
President
Term: 2020-2024
[email protected]
 Board Member KIMBERLY HINES
Vice President
Term: 2020-2024
[email protected]
 [PHOTO
COMING
SOON]

CARMEN DANIEL
ClerkTerm: 2022-2026
[email protected]
 Board Member LIZET CORTES
Member
Term: 2022-2026
[email protected]
 Board Member MARY BETH ALEXANDER
Member
Term: 2022-2026
[email protected]

District Elections & Trustee Area Maps

What District Area do I belong to?

CUSD residents can visit this map and type in their address to learn which Trustee Area represents them on the CUSD Governing Board.

Who is my District Area representative?

Trustee Area A:  Carmen Daniel (Term expires: 2026)
Trustee Area B:  Kimberly Hines (Term expires: 2024)
Trustee Area C:  Lizet Cortes (Term expires: 2026)
Trustee Area D:  Sophia Layne (Term expires: 2024)
Trustee Area E:  Mary Beth Alexander (Term expires: 2026)

 

 

What does the School Board do?

The Board works with the Superintendent to fulfill its major responsibilities, which includes:

  • Setting the direction for the district
  • Establishing an effective and efficient organizational structure for the district
  • Providing support to the Superintendent and staff
  • Ensuring accountability to the public for the performance of the district’s school
  • Providing community leadership and advocacy on behalf of students, the district’s educational program, and public education
  • Ensuring that the district is meeting its commitments to parents/guardians, all members of the community, employees, the state of California, laws pertaining to education, and established policies of the district

Governing Board Committees & Assignments

Committees and Assignments Board Member(s)
San Mateo County Committee on School District Organization Kimberly Hines / Mary Beth (Backup)
Career Technical Education Advisory Committee Sophia Layne / Mary Beth Alexander
City-District (2+2) Committee Sophia Layne / Kimberly Hines
CSBA & Legislative Action Representatives Sophia Layne / Kimberly Hines
District English Learner Advisory Committee Lizet Cortes / Carmen Daniel
Environmental Sustainability Committee Lizet Cortes / Mary Beth Alexander
Budget Advisory Committee Mary Beth Alexander / Carmen Daniel
Latino Round Table  Lizet Cortes / Sophia Layne
Parent Teacher Organization (PTO) Alliance Mary Beth Alexander / Sophia Layne
San Mateo County School Board Association  Sophia Layne / Mary Beth Alexander

Updated: December 14, 2022

 


 

SEAN MCPHETRIDGE
Superintendent
[email protected]

ROSIE ACOSTA
Administrative Assistant to the Superintendent
[email protected]
(650) 712-7112

 


REMOTE LEARNING RESOURCES

Community Resources for Families

 

Hatch ES  |   El Granada ES  |   Farallone View ES  |   Kings Mountain ES  |  Cunha  | HMBHS  |  Pilarcitos HS | Los Listos

Coastside Buzz
Author: Coastside Buzz

Me