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Board approves Measure P project list, Series A issuance and related refinancing; audit accepted and revolving fund increased
Summary
The Belmont-Redwood Shores School District Board of Trustees voted to approve a first-tranche Measure P project list and related Series A bond issuance, authorized a refinancing of Measure I SFID bonds and accepted the district audit.
The Belmont-Redwood Shores School District Board of Trustees voted to approve multiple finance actions related to its November 2024 Measure P general-obligation bond and other district business.
Measure P project list and Series A issuance
Trustees approved a first-tranche project list for Measure P and a resolution authorizing a Series A bond issuance to fund the listed projects. Superintendent and staff told the board that Measure P voters approved a $171,000,000 bond in November 2024 and that the district plans a first issuance of about $57.5 million. Staff and the district’s bond consultants recommended a smaller initial issuance than initially planned to reduce the district’s near-term…
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