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Meeting Date:
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9/5/2024 - 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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Info
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Subject:
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Measure R: Series 2024 General Obligation Bond Sales Disclosure
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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, which authorized $88,000,000 of bonds for school construction projects. The District issued its first series of Measure R bonds in 2021 for $15,000,000, and its second series in 2022 for $38,680,000. On May 2, 2024, the Board approved to move forward to establish a tax rate and on August 15, 2024, the Board prescribed the terms, authorized the sale, and issuances of the third of Measure R bonds (Series 2024).
Pursuant to California Education Code 15146(d)(1), the attached disclosure notice is required to be presented at the next scheduled public board meeting after the sale.
The District had a successful sale of the District’s $29.32 million in general obligation bonds on August 27th and a representative of Government Financial Services JPA will make the full presentation at our October 1, 2024, meeting.
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Funding:
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Recommendation:
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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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