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Snowline board reviews Measure J plan; first bond series expected and oversight committee steps planned
Summary
District staff and advisors outlined a schedule to issue the first series of Measure J bonds, described OPSC funding timing for Serrano High School, and convened an oversight subcommittee. Trustees also discussed a proposed National Fitness Court and paused broader community access pending more information.
District staff and the districtfinancial advisors briefed trustees on plans to issue the first series of Measure J general-obligation bonds and on next steps for facility projects tied to state funding.
Bill (district staff) and financial-advisor representatives from ISM Advisors described a timeline the board was given that would allow the district to issue approximately $30 million in the first series (series A) if market and valuation assumptions hold. Advisors said they were working toward a mid-April window for the sale, with credit-rating work expected in March; a preliminary rating conversation referenced an AA-minus level and an assumed 4% assessed-value…
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