Meeting Time: April 24, 2024 at 6:30pm PDT
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Agenda Item

Presentation, Discussion and Potential Direction: Staff and FM3 will be presenting information and preliminary results from a survey about a potential General Obligation Bond to fund distinct components of the proposed Healthy Living Campus

  • Default_avatar
    Mark Nelson 7 months ago

    Undoubtedly, the BCHD "research" is based on misrepresentation.

    THERE IS NO NEED FOR ANY FUNDING RAISING UNTIL BCHD RETRACTS ALL NON-RESIDENT SPENDING.

    1) allcove is a 91% non-resident/non-taxpayer service area and BCHD proposes to float a bond to pay for 40% of the building cost.

    2) allcove is a 91% non-resident/non-taxpayer service area and BCHD intends to provide a $4M taxpayer owned parcel to the program at no rent/lease/transfer cost

    3) allcove is a 91% non-resident/non-taxpayer service area and BCHD refuses to adhere to a no more than 9% operating payment level using District taxpayer funds, including but not limited to: property taxes, rents on taxpayer owned land, rents from taxpayer owned JVs, interest income and asset depletion.

    4) allcove is a 91% non-resident/non-taxpayer service area and BCHD obligated taxpayers to a 30 year commitment to operate the allcove building

    5) allcove is a 91% non-resident/non-taxpayer service area and BCHD has no 30 year funding sources

    6) BCHD refuses to quantify the full financial risk and obligation to District taxpayers from this 91% non-resident program

    7) No existing building (except current new build) meets current seismic standards.

    8) No existing building built before January 2023 complies with Title 24 CA standards, except those that chose to make excess investments and met the new standards by luck.

    9) BCHD programs lose money and subsidize non-residents. allcove - 91% non-resident without secured funding. CHF - 33% non-resident members and roughly $400,000 annual losses.