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IUSD details Measure E progress, Series 4 schedules and tentative Series 5 projects
Summary
District staff reviewed Measure E spending to date, interest earnings and Series 4 and Series 5 timelines; staff said they aim to maximize bond proceeds, described projects already in construction or planning (Portola building, Sierra Vista NPR, Woodbridge modernization, University High PAC) and noted Series 5 will be considered as assessed valuations and market conditions allow.
Irvine Unified staff used the fall study session to give trustees a comprehensive update on Measure E implementation, construction progress across campuses and options to bring bond proceeds forward.
Staff said the Measure E program has evolved through multiple bond series and that careful budgeting and additional funding sources have expanded program capacity. Finance staff noted cumulative interest earnings on bond funds (order of magnitude cited in presentation) and described options for issuing…
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