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Meeting Date:
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3/30/2015 - 5:30 PM
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Category:
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Study Session
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Type:
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Info
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Subject:
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4.1 Study Session to Discuss Future Bond Sales
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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Dale Scott and Mark Ferrell of DS&C, will make a presentation during this Study Session to consider a potential future resolution authorizing Issuance and Sale of General Obligation Bonds, 2010 Election, 2010 Series F. Aggregate Principal Amount not to Exceed Seventy-Seven Million Dollars as authorized by the June 8, 2010 bond election. The proceeds of the bonds would be used to fund capital improvements/modernization work as previously deemed by the Board of Education to be essential to the maintenance and improvement of educational programming. Work includes, but is not limited to: Classroom technology improvements, roof replacements, restroom renovations, and kitchen improvements (Priority 1 projects). Also, next steps to meet ongoing needs of the District through a Bond Program will be discussed.
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Funding:
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Fiscal Impact
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No impact to the General Fund. All costs of a future bond sale would be paid from monies raised through the sale of the bonds.
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Recommendation:
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Study Session
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Approvals:
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Recommended By:
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Signed By:
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Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent
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Signed By:
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Dr. Nellie Meyer - Superintendent
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