End 87-1 Mello-Roos

The Capistrano school district trustees will again discuss ending the 87-1 Mello-Roos tax, which affects a portion of Mission Viejo. At the meeting on Dec. 11, the CUSD trustees voted to continue the discussion and vote to end the 87-1 tax when the bond is paid and to retire the bond early in 2016.  During the discussion the board was split:

• Trustees Hatton and Hanchek expressed a desire to end the tax when the bond is paid but to not use the excess tax collections to pay the bond early (in 2016) and to continue to develop new projects to fund with 87-1 taxes.
• Trustees Alpay and Pritchard expressed an interest to not change anything (tax in perpetuity), bond pays in 2020, CUSD continues to collect the tax and develop new projects in perpetuity.
• Trustees Addonizio and Reardon expressed a desire to end the tax when the bond is paid and to use the excess taxes collected to retire the bond (and the tax) in 2016 and to permanently suspend the 2% per year increase in the tax.

The item is back on the agenda with the staff again recommending the board adopt the resolutions to enter into an agreement to: 

• End the tax when the bond is paid
• Use the excess taxes collected to retire the bond early in 2016.
• Permanently suspend the 2% per year tax increase

Please attend the CUSD board meeting to show your support of the board action to retire the 87-1 bonds in 2016, permanently suspend the 2% tax increase and end the tax when the bonds are paid off. You do not need to make public comments. To save time, at least one public speaker advocating this position will speak on behalf of homeowners in the 87-1 Mello-Roos district.

When: Wed., Jan. 8, 2014, 7:00 p.m. The items are #1 and #2 on the agenda.

Where: CUSD administration building, 33122 Valle Road, San Juan Capistrano (take I-5 south, and exit Camino Capistrano and turn right. Turn right on San Juan Creek Road and go under the freeway. Make the first right on Valle Road and drive to the end (past the car dealership).