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School board amends resolution to place $450 million bond on November ballot, votes unanimously
Summary
The San Francisco Unified School District Board of Education unanimously approved an amendment to Resolution 60613 SP3 to authorize up to $450 million in general obligation bonds and clarified exhibits describing project scope, addresses and landlord tax pass-through language.
The San Francisco Unified School District Board of Education amended Resolution 60613 SP3 on Aug. 8, 2006, to order an election authorizing up to $450,000,000 in general obligation bonds and to clarify the scope and administration language in the resolution's exhibits. The amendment updates Exhibit A to better describe work covered by projects, Exhibit B to tie scope to specific addresses (and allow work to remain authorized at those locations if programs move), and adds language in Exhibit C clarifying quoted language and an allowance for landlords to pass through up to 50% of resulting property tax increases to residential tenants to the extent…
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