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Meeting Date:
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11/16/2021 - 7:00 PM
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Category:
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INFORMATION / DISCUSSION ITEMS
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Type:
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Info
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Subject:
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9.6 Measure J Series 2021 Bond Financing Highlights
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Attachment Summary
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File Attachment:
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Quick Summary / Abstract:
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Background:
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On June 7, 2016 voters approved Measure J, authorizing the Livermore Valley Joint Unified School District (LVJUSD) to issue and sell General Obligation (GO) Facilities Bonds in the amount of $245,000,000, to be used for renovation, repair, modernization, and equipping of District facilities/classrooms.
The Measure J Bond program was designed so that the bonds would be issued in three series. The initial series was designated “Livermore Valley Joint Unified School District General Obligation Bonds, Election of 2016 (Measure J), Series 2016” in the amount of $82,000,000 and issued in October 2016. The second issuance was designated “Livermore Valley Joint Unified School District General Obligation Bonds, Election of 2016 (Measure J), Series 2019” in the amount of $100,000,000. The final issuance was designated “Livermore Valley Joint Unified School District General Obligation Bonds, Election of 2016 (Measure J), Series 2021” in the proposed aggregate principal amount of $63,000,000.
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Status
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On October 27th, the final closing took place for the Livermore Valley Joint Unified School District General Obligation Bonds Series 2021.
Makiko Sato, of Isom Advisors, will present the bond financing highlights and Measure J summary.
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Fiscal Impact
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Superintendent's Recommendation:
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This item is informational only and requires no action be taken by our Board of Education.
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Approvals:
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Recommended By:
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Signed By:
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Susan Kinder - Assistant Superintendent
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Signed By:
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Kelly Bowers, Ed.D. - Superintendent
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