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Meeting Date:
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8/4/2022 - 7:00 PM
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Category:
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Information and Study Items
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Type:
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Action
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Subject:
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Measure R: Resolution 22-23-01: Terms and Authorizing The Sale and Issuance of Series 2022 Measure R Bonds, Refunding Bonds, and Related Actions
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District Priorities:
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Enclosure
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File Attachment:
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Summary:
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On November 3, 2020, 61% of voters within the District voted to approve Measure R. The Board will have the opportunity to consider the adoption of a Resolution authorizing the sale of the second series (Series 2022 Bonds) of Measure R general obligation bonds in an amount not to exceed $38,680,000.
In addition, the Resolution:
• Authorizes the sale to an underwriter to be selected using a competitive selection process
• Approves various financing documents in draft form, and authorizes certain District officials to execute the final versions of the documents with information from the sale
• Prescribes certain terms and conditions of the Bonds, including the payment dates, the method of interest calculation, and bond redemption and defeasance procedures
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Funding:
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Recommendation:
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The Board of Trustees to adopt Resolution 22-22-01: Authorizing the Sale and Issuance of Measure R Bonds within the stated parameters.
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Approvals:
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Recommended By:
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Signed By:
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Carlena Grandey - Administrative Assistant to the Superintendent
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Signed By:
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Kristi Schwiebert - Superintendent
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