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Lemon Grove board accepts 2021 bond audit and authorizes general obligation refunding bond
Summary
The board accepted the 2021 bond audit by Christy White & Associates and approved Resolution No. 2021-22-18 authorizing issuance and sale of a general obligation refunding bond; both measures passed unanimously. The board also directed staff to bring a bond survey resolution to a future meeting.
The Lemon Grove Governing Board on April 5 accepted the 2021 bond audit conducted by Christy White & Associates and approved a resolution authorizing the issuance and sale of a general obligation refunding bond (Resolution No. 2021-22-18).
The acceptance of the audit and the refunding bond resolution were approved by recorded motions and carried 5–0. Trustee Timothy Shaw moved to approve acceptance of the bond audit; Trustee Greg Shibley seconded. The minutes record a subsequent motion to approve resolution No. 2021-22-18 authorizing related actions for a general obligation refunding bond; that motion also passed unanimously.
The minutes do not specify the principal amount of the proposed refunding bond, the expected fiscal impact, or the timing of any sale. The board also voted to have district staff return a bond survey resolution at a future meeting. The audit firm was listed in the agenda as Christy White & Associates; Dale Scott is listed in the agenda as the presenter for bond survey results.
