Lake Los Angeles School Mello Roos Brainstorming
Lake Los Angeles – People are asking, “What is a Mello Roos?” It is defined as a method of financing that can be used by cities, counties and special districts (such as school districts in the case of Lake LA School) to finance major improvements and services within the particular district. Special taxes and bonds used for Mello-Roos financing can only be issued by counties or districts in which two-thirds (2/3) of the voters in the area have voted in favor of becoming a Mello-Roos district. At Lake Los Angeles School, the revenue from the Mello Roos in place can be used only for upgrades to the facilities and those facilities must have a minimum of a 5-year life expectancy.
On May 5, 2015, a review and analysis by Eric Hall & Associates of Community Facilities District (CFD) 91-1 was presented to District Superintendent Steve Doyle and Linette Hudson, Assistant Superintendent for Business Services. The exhibits attached were CFD 91-1 of the Keppel USD, Special Tax Bonds Series A, October 1992; CFD 91-1 of the Keppel USD, Special Tax Refunding Bonds 2001 Series A, April 2001; Description of the Project (construction of the school); Excerpt of Indenture; Excerpt of Resolution for Formation of CFD 91-1; Agency Information Sheet; CFD Review Critical Events Calendar and CFD Review Contact List. One element of the summary was the District has sufficient resources to retire the remaining outstanding 2001 bonds.
On January 21, 2016, a presentation to the Keppel Unified School District Board of Trustees by Principal Mrs. Tangie Schatz described a proposed upgrade to the Kindergarten and First through Eighth Grade (primary) playgrounds. During the school year 2013-2014, the School Site Council began researching play structures due to existing structures becoming unsafe. During open house, catalogues and survey sheets with structures already voted upon by students and teachers were shared. A survey was taken and stakeholders’’ input data itemized. At the request of Superintendent Doyle, Mrs. Schatz sent a flier to