Welcome to the Measure T website.
The District intends to use the Bonds to provide for an ongoing source of funding for the evolving educational technology needs of its students and staff. In addition, the District intends to match as closely as possible the term of each series of Bonds to the useful life of the technology equipment being financed. As such, the District anticipates that the amortization (or repayment period) of each series of Bonds will be approximately three years and will in no case be in excess of five years. Based on current assumptions, the District estimates that the proposed Bond will provide for its technological funding needs for approximately 16 years into the future.
All Bonds will be sold as current interest bonds and the use of capital appreciation bonds will not be permitted. No series of Bonds will be issued if such issuance would cause the tax rate levied to pay debt service on all of the outstanding Bonds to exceed $10 per year per $100,000 of taxable property, based on projections made by the District at the time of issuance of such series of Bonds.
If you are interested in serving on the Citizens’ Bond Oversight Committee, print, fill and sign this application, and submit to West Hills Community College District.
In the November 2014 election, West Hills Community College District was successful in obtaining authorization from the voters of the District to issue up to $20,000,000 in aggregate principal amount of the District’s general obligation bonds.
Measure T costs property owners less than $10.00 per year per $100,000 of assessed valuation of their property.
Date: TBDLocation: TBDTime: TBDPrevious meeting: N/A
West Hills Community College District
9900 Cody Street – Coalinga, CA 93210
Office (559) 934-2102
Fax (559) 934-2810