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RUSD board unanimously approves bond authorization, committee appointment and three tentative labor agreements
Summary
On June 5 the Riverside Unified School District board unanimously approved a resolution authorizing bond issuance for CFD 29, appointed a member to the Measure O Citizens’ Bond Oversight Committee, and approved three tentative compensation agreements covering certificated, classified and management groups.
At its June 5 meeting the Riverside Unified School District Board of Education took several unanimous formal actions.
Bond authorization (CFD 29): The board approved Resolution No. 2024/25–58 to authorize the issuance of bonds for Community Facilities District 29. Presenters from the district’s financial advisers and bond counsel described market conditions and an illustrative “not to exceed” amount tied to developer mitigation funds; staff said market timing and underwriting will determine actual proceeds and that the district has protections in place through mitigation agreements with…
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