Agenda Item
Meeting Date:
3/9/2015 - 6:30 PM  
Category:
Study Session  
Type:
Info  
Subject:
3.1 Study Session to Discuss Future Bond Sales  
LCAP (Local Control Accountability Plan) Goal:
 
Policy:
 
Enclosure:
 
File Attachment:
MDUSD BOE Bond Study Session 150309 R0.pdf
 
Summary:
Study Session to consider 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).  
Funding:
 
Fiscal Impact:
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.  
Recommendation
Study Session  
Approvals:
Recommended By:
Signed By:
Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent
Signed By:  
Dr. Nellie Meyer - Superintendent