Florence Unified School District

1. Approval to sell 2 FUSD properties in San Tan Valley (Prop 402)
2. $98M FUSD Bond (Prop 401)

• There is no need to build schools there due to the large number of schools in the area
• The land sale is expected to bring $15-25M in proceeds 
• What can these funds be used for?
  • School Plant Fund - primarily capital type uses. (Think construction and repair)
  • Allows us to repurpose Capital Funds to Support M & O operations (Think people and programs)
  • Reserves to support capital needs, always a high need.

Bonds are loans made to the school district used to purchase capital items and make capital improvements to existing facilities, such as building or renovating a school or purchasing school buses. 

The Florence Unified School District Governing Board has called this bond election to provide the necessary funding for construction of new and additional facilities for the District, at its existing schools. The special bond election will also provide funding for the acquisition of new student buses and replacement of technology, building repairs, safety and security upgrades, and sporting tracks and facilities, and all other district needs related to students, classrooms and departments.

The District is requesting issuance of bonds to generate funds for the following proposed purposes:

• Renovating school buildings;
• Purchasing pupil transportation vehicles;
• General and preventative maintenance on all buildings
• Improvement of all school grounds, including adjacent ways;
• Improvement or replacement of major systems that have outlived their useful lives for safety and security;
• Replacement of technology, furniture, fixtures and equipment related to students, classrooms and departments;
• Liquidating indebtedness incurred for the purposes set forth herein;
• Paying all architectural, design, engineering, project and construction management and other costs incurred in connection with the purposes set forth above; and
• Paying all legal financial and other costs in connection with the issuance of the bonds.