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Board approves Measure HV project prioritization and authorizes $8 million Series A bond sale
Summary
The Hermosa Beach City School District Board approved a project prioritization plan for Measure HV bond proceeds and authorized a resolution to issue Series A general obligation bonds not to exceed $8,000,000. The board heard details on phased bond issuance and project timeline.
The Hermosa Beach City School District Board approved a prioritization plan for Measure HV bond projects and authorized a resolution to issue up to $8,000,000 in Series A general obligation bonds.
Alan Reising of the District Advocates Group presented the Measure HV prioritization plan, explaining that the $28.7 million bond passed by voters in November 2024 will be issued in series over time. Reising said the district forecasts an $8 million sale in 2025, roughly $10 million in 2027 and about $10.7 million in 2029; the…
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