| Item Title: | Measure I Bond Program Series A Financing in the amount of $75,000,000.00(5 Mins/Action) | | Item Type: | Action | | Background: | The District staff is requesting Board approval to issue Measure I Bond Series A in the amount of $75 million.
With Board approval, staff will work with Vincent McCarley, the District’s bond financial advisor, and David Casnocha, the District’s bond legal counsel, to issue Series A bonds with the anticipated receipt of funds in May 2015.
The bond funds will finance the Summer 2015 Critical Projects and Phase I of the Facilities Master Plan Implementation Plan B approved by the Board in June 2014. The Board will take action on the final scope and sequence of the Phase I projects at the January 27th board meeting. | | Goals: | Create a system of attractive school options | | Fund: | | | Fund Codes: | | Fiscal Analysis
Amount (Savings) (Cost): |
| | Department Budget: | | | Recommendation: | Approve as submitted. | | | | AUSD Guiding Principle: | #6 - Allocation of funds must support our vision, mission, and guiding principles. | | Submitted By: | Robert Clark, Ed.D., Chief Business Officer |
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