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Meeting Date:
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5/8/2025 - 4:30 PM
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Category:
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BUSINESS SERVICES - ACTION ITEMS
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Type:
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Action
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Subject:
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9.3 Resolution No. 32 - 2024/2025 Authorizing the Issuance and Sale of General Obligation Bonds 2014 Election, Series 2025, in an Aggregate Principal amount not to exceed $5,070,000 and approving related documents and actions.
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Strategic Plans:
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Enclosure
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File Attachment:
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Rationale:
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Funding:
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Fiscal Impact
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Background
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Measure C was approved by District voters on June 3, 2014, authorizing general obligation bonds in an amount up to $40,000,000, pursuant to which the District has previously issued four series of bonds. The resolution authorizes the Measure C Bonds to be issued as current interest bonds through a negotiated sale, and also approves in form the Bond Purchase Agreement and Preliminary Official Statement.
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Recommendation:
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Approve Resolution No. 32 - 2024/2025 Authorizing the Issuance and Sale of General Obligation Bonds 2014 Election, Series 2025, in an Aggregate Principal amount not to exceed $5,070,000 and approving related documents and actions.
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Approvals:
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Recommended By:
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Signed By:
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Francine Story - CBO
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Signed By:
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Bruce Bivins - Superintendent
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Vote Results:
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| Original Motion | | Member Douglas Corona Moved, Member Erika Guzman Medina seconded to approve the Original motion 'Approve Resolution No. 32 - 2024/2025 Authorizing the Issuance and Sale of General Obligation Bonds 2014 Election, Series 2025, in an Aggregate Principal amount not to exceed $5,070,000 and approving related documents and actions.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Douglas Corona | Yes | | Erika Guzman Medina | Yes | | Carol Jimenez | Yes | | Lydia Mora | Yes | | Katie McClendon | Yes | |
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