The parties, having reached agreement on the reopened articles, present this item to the Board for approval. These articles have already been ratified by Alameda Education Association (AEA).
An election was held in the Alameda Unified School District on November 4, 2014 for the issuance and sale of general obligation bonds of the Alameda Unified School District (the “District”) for various purposes in the maximum amount of $179,500,000 (the “Authorization”).
The Authorization was received under Proposition 39 which requires that the District establish, populate and empower an independent citizens’ bond oversight committee. In connection with the issuance of bonds under the Authorization, the District now wishes to establish the Alameda Unified School District Citizens’ Bond Oversight Committee (the “Measure I Committee”) and approve the Bylaws which set forth the power and responsibilities of the Committee.