Agenda Item
Meeting Date: 10/15/2019 - 7:00 PM
Category: Other Action Items
Type: Info/Action
Subject: (Item OAI-1) Resolution 2019-94 Board of Education of the Lodi Unified School District Prescribing the Terms and Authorizing the Issuance of the Election Series 2017 Bonds (Mr. Kahn). This action will approve forms of and authorize the execution and delivery of a paying agent agreement, a bond purchase agreement, a continuing disclosure certificate, and an official statement; authorize distribution of the official statement; and authorize execution of necessary certificates.
Enclosure: Resolution 2019-94
Continuing Disclosure Certificate
Paying Agent Agreement
Bond Purchase Agreement
Preliminary Official Statement
File Attachment:
v3 Resolution authorizing 2016 Election Series 2020 GOB - Lodi USD_3458786_3(DMS).ada.pdf
v2 Continuing Disclosure Certificate Lodi USD 2016 Election Series 2020_3458985_2(DMS).ada.pdf
v2 First Supp Paying Agent Agreement Lodi USD 2016 Election Series 2020_3459063_2(DMS).ada.pdf
Bond Purchase Agmt Lodi USD 2016 Election Series 2020_3454304_1(DMS).ada.pdf
v2 POS Lodi USD GOB Election of 2016 Series 2020_3449880_2(DMS).ada.pdf
Summary: The District plans to issue the second series of Measure U bonds. The proceeds will be used to repair and upgrade aging classrooms in local schools to prepare students for college and careers, retain/attract quality teachers and improve student health/safety by removing mold/asbestos/lead paint, repairing leaky roofs, updating classrooms and acquiring/constructing modernizing sites/facilities/equipment.
Funding: The preliminary amount to be issued is $110 million.
Recommendation: It is recommended that the Board of Education adopt Resolution 2019-94.
Recommended By:
Signed By:
Leonard Kahn - Chief Business Officer
Signed By:
Cathy Washer - Superintendent