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Tuesday June 7, 2022 — California Primary Election
Special District

Antelope Valley Health Care District
Measure H - 2/3 Approval Required

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Election Results

Failing

25,756 votes yes (57.4%)

19,105 votes no (42.6%)

Shall the measure authorizing the Antelope Valley Healthcare District to issue 30-Year General Obligation Bonds, not to exceed $400 million at tax rates described in the voter guide, to keep Antelope Valley Hospital and its trauma center from closing by building a new hospital meeting California's Earthquake Standards, improving care by recruiting/retaining trained nurses/physicians, reducing Emergency Room wait times, protecting privacy, expanding senior services and requiring taxpayer oversight for online transparency and accountability, be authorized?

What is this proposal?

Details — Official information

Impartial analysis / Proposal

Rodrigo A. Castro-Silva, County Counsel

Approval of Measure H ("Measure") would authorize the Board of Directors ("Board") of the Antelope Valley Healthcare District ("District") to issue general obligation bonds in a maximum principal amount not to exceed $400,000,000. The District placed the Measure on the ballot by Resolution No. 122221B, adopted by the Board on December 22, 2021.

Proceeds from the sale of the bonds authorized by the Measure will be used only for the purposes specified in the Measure for the Antelope Valley Hospital Project ("Project"), including acquiring, constructing, furnishing, equipping, and similar costs for a new Antelope Valley Hospital to meet energy efficiency, seismic, fire, and accessibility requirements.

The Board will establish a Bond Oversight Committee ("Committee"), with residents or taxpayers of the District serving on the Committee, and cause an independent financial audit to be conducted annually regarding the collection, management, and expenditure of revenue from the bonds. The District will create a separate account into which proceeds of the bond will be deposited. The Chief Financial Officer of the District will file a report with the Board and the Committee annually no later than January 1 of each year, showing the amount of the bond proceeds collected and expended, and the status of the Project.

Bonds will be issued pursuant to Health and Safety Code section 32300, et seq., Government Code section 53506, et seq., and/or any other applicable laws. The District expects to sell the bonds in one series beginning in 2022. The maximum rate of interest to be paid on the bonds will be 8% per annum and will be payable semiannually or annually, except that interest for the first year after the date of the bonds may be made payable at the end of that year. According to the District's Tax Rate Statement, the best estimate of the average annual tax rate required to fund the bonds, based on assessed valuations available when the District filed the statement, is $34 per $100,000 of assessed value. The final
fiscal year in which a tax is anticipated to be collected is 2052-2053. The estimated total debt service required to be repaid if all bonds are issued and sold is $789,800,000, including principal and interest. Estimated tax rates are based on
the assessed value of taxable property on official rolls, not on a property's market value.

This Measure requires approval by two-thirds (2/3) of the qualified voters voting in the election for passage.

Published Arguments — Arguments for and against

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