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Board approves bond issuances, beyond‑bonding resolution and certifies five‑year facilities master plan
Summary
Trustees authorized issuance of Measure D series D ($8.76 million) and Measure A series E ($2.25 million), adopted a resolution noting applications may be "beyond bonding authority," and certified the district's five‑year Facilities Master Plan required for state funding applications. All motions passed 5‑0.
Pacific Grove Unified School District trustees on Oct. 2 approved a series of actions tied to capital funding and the facilities master plan.
Business staff asked the board to authorize issuance of Measure D general obligation bonds, election of 2020, series D, for $8,760,000; the board also approved related financing documents and a negotiated sale structure. Staff disclosed an…
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