Agenda Item
Meeting Date: 10/20/2020 - 7:00 PM
Category: Other Action Items
Type: Info/Action
Subject: (Item OAI-5) Resolution 2020-72 Board of Education of the Lodi Unified School District Prescribing the Terms and Authorizing the Issuance of the Election of 2006 Series 2020 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:
File Attachment:
v.2 Continuing Disclosure Certificate Lodi USD 2006 Election Series 2020 GOB_3608131_2(DMS).ada.pdf
v.2 First Supp Paying Agent Agreement Lodi USD 2006 Election Series 2020_3608133_3(DMS).ada.pdf
v2 Bond Purchase Agmt Lodi USD 2006 Election Series 2020 GOB_3608132_2(DMS).ada.pdf
v2 POS Lodi SFID.ada.pdf
v3 Resolution 2020-72 authorizing 2006 Election Series 2020 GOB Lodi USD_3608130_3(DMS).ada.pdf
Summary: The District plans to issue the Series 2020 Measure L bonds. The proceeds will be used to fund the Lodi Unified School District's portion of the cost of a Stormwater Pump in the north Stockton area adjacent to Ronald McNair High School, fund the construction of two Agricultural Science classrooms (LUSD is currently pursuing matching grant monies for this project, as well) at Bear Creek High School, and repair and upgrade aging classrooms and infrastructure in SFID #1 schools to improve safety and security.
Funding: The amount to be issued is $10 million.
Recommendation: It is recommended the Board of Education adopt Resolution 2020-72.
Approvals:
Recommended By:
Signed By:
Leonard Kahn - Chief Business Officer
Signed By:
Cathy Washer - Superintendent