|Item Title:||Update on General Obligation Bond Measure (10 Mins/Information)|
|Background:|| The District’s Facilities Master Plan (FMP) was approved by the Board of Education on May 27, 2014. The FMP identified $590 million worth of projects in 2014 dollars. Implementation Plan (B), which was based on the FMP, further narrowed down the project list to $179.5 million, with half of the funds allocated towards Encinal Junior/Senior High and Alameda High School and the rest allocated to projects at our other campuses. Implementation Plan (B) was approved by the Board of Education on June 10, 2014.|
Measure I, a facilities bond, was approved by the citizens of Alameda in November 2014. Measure I authorized the District to issue General Obligation Bonds (GO Bonds) up to $179.5 million. The last issuance in this series was in August of 2019.
As the majority of Measure I projects have been completed, and the current Measure I funds are set to be used by August 2022, staff has started the process of drafting a new Implementation Plan with projects based on the FMP. In comparing projects identified during the FMP with projects completed under Measure I bond, it became evident that the District’s Secondary Schools still need further modernization and addition of certain facilities. Hence, the majority of projects identified in the draft Implementation Plan for the next general obligation bond relate to the District’s secondary schools, with some basic safety and security work being completed at the elementary schools.
Tonight, staff will update the Board on the status of stakeholder input and provide an anticipated timeline of upcoming board agenda items related to placing a general obligation bond for facilities on the ballot in June of 2022.
|AUSD LCAP Goals:||4. Ensure that all students have access to basic services.|
|Fund Codes:||21 Building – Bond Fund|
Amount (Savings) (Cost):
|Recommendation:||This item is presented for information only.|
|AUSD Guiding Principle:||#1 - All students have the ability to achieve academic and personal success.| #3 - Administrators must have the knowledge, leadership skills and ability to ensure student success.| #4 - Parental involvement and community engagement are integral to student success.| #5 - Accountability, transparency, and trust are necessary at all levels of the organization.| #6 - Allocation of funds must support our vision, mission, and guiding principles.|
|Submitted By:||Shariq Khan, Assistant Superintendent of Business Services|