SDCTA Supports Proposition EE: MiraCosta Community College District $497 Million School Bond Measure 2012-08-17
SDCTA SUPPORTS Proposition EE. The MiraCosta Community College District proposed bond measure meets key provisions of SDCTA's Bond Support Criteria. The application submitted by the District outlines the need of the District, plans and draft budgets for each of the proposed projects. Voters within the District will have an understanding of Phase I of the program prior to the election, but other phases will be determined following the election, should voters approve the measure. The descriptions of the projects submitted and outlined in the Master Plan have been thoroughly vetted, and no reason has been found that would prevent the District from executing the projects. The District has documented its intent to issue 25-year Current Interest Bonds as its financing mechanisms, and has adopted SDCTA's policy regarding the use of Capital Appreciation Bonds.