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Hermosa Beach district outlines Measure HV bond plan; first issuance slated for about $8 million
Summary
District financial advisors and program consultants told the board the Measure HV general obligation bond campaign will be issued in multiple series; the first round is estimated at roughly $8 million with proceeds planned for site upgrades and a district‑wide technology assessment.
The Hermosa Beach City School District presented the first‑issuance plan for Measure HV — a $28.7 million general obligation bond passed by voters in November 2024 — and proposed a multi‑series sale tied to assessed‑value growth and tax‑rate constraints.
John Isom of Isom Advisors briefed the board on the mechanics and timing of the bond program, saying the district’s assessed value and interest rates will determine how much can be issued at each sale. “Right now, we're looking at July for the first round of funding in an amount of around $8,000,000,” Isom told the board, while explaining why a negotiated sale is being recommended because of market…
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