Home

Facilities
BOE Meetings Assessment Facilities FinancesFavorite Links


Staff presented how possible financing options could be used to implement some or all of the Master Facilities Site Recap.

Working with California School Services, three financing options are available to the District.

  1. $99.5 Million Bonds Proceeds
  2. New $99.5 million bond with a new $60 tax rate per $100,000 assessed value (AV). Between 2004 and 2014 Alamedans would pay a total of $123 per $100,000 AV. After 2014, the tax rate will drop to $60 per $100,000 AV.

  3. $57 Million Bonds Proceeds - Staff Recommendation
  4. New $57 million bond that will not increase the tax rate beyond the $63 per $100,000 AV that is currently assessed. Between 2004 and 2014 Alamedans would continue to pay a total of $63 per $100,000 AV to retire the 1989 School Bond. After 2014, the tax rate will drop to $60 per $100,000 AV and continue until the bonds are paid off.

  5. $29 Million Bonds Proceeds
  6. New $29 million bond with a new $24 tax rate per $100,000 assessed value (AV). Between 2004 and 2014 Alamedans would pay a total of $87 per $100,000 AV. After 2014, the old Bond would paid off and the tax rate will drop to $24 per $100,000 AV.

 

   
Send mail to mikemcmahonausd@yahoo.com with questions or comments about this web site.
Last modified: August 21, 2003

Disclaimer: This website is the sole responsibility of Mike McMahon. It does not represent any official opinions, statement of facts or positions of the Alameda Unified School District. Its sole purpose is to disseminate information to interested individuals in the Alameda community.