However, think about it. What would you do with an extra $5,000 and $800 per year?
If, for some reason, the SDUHSD followed the original terms of the Mello-Roos Bond, yet sold the vacant property in La Costa Valley, they’d be obligated to pay the bond back. (Okay, you lawyers and finance types that know how to read bond-speak can sift through this and confirm or deny)
The middle school currently serving La Costa Valley kids in grades 7 and 8 is Oak Crest. It is part of the San Dieguito Union High School District (SDUHSD).
Enrollment has grown by less than 1% per year for the last 10 years. This is based on the most recent data from the U.S. Department of Education’s Center for Education Statistics. The following chart was created from that data by SchoolDigger.com.
Other middle schools are in nearby Encinitas and Carlsbad.
September 1, 2007ENCINITAS – Peggy Lynch, the superintendent of the San Dieguito Union High School District, will retire in the spring, district trustees announced yesterday.
Lynch has been superintendent since 2001.
“We are saddened by Peggy’s decision,” board President Deanna Rich said. “She has been with us for six years and has done an outstanding job of leading us through some challenging times. She will be missed.”
“After 13 years as a superintendent, it feels like the right time to move on to a new phase of my life,” Lynch said.
Lynch joined the San Dieguito district in August 2001. She previously was superintendent of the Brea Olinda Unified School District in Orange County. Before Brea, she spent 24 years in the Tustin Unified School District as a teacher, high school administrator and assistant superintendent.
Lynch is expected to retire during spring break, but the date will be determined as the trustees develop their schedule for selecting her replacement.
In a special meeting of the SDUHSD board of directors, among other matters, they discussed what would happen to their bond obligations if they sold the La Costa Valley middle school property for private use (not developing a school on the site.)
The board briefly discussed the “Extraordinary Pre-Payment” provision in the event of the sale of the La Costa Valley sitefor private use. Mr. Sohaili explained that the Authoritywould be obligated to use a portion of sales proceed to redeem bonds in the amount of the original purchase price($5.8 million) plus a portion for “private use” as defined by anIRS formula.
