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Clovis Unified board approves up to $125 million in GO bonds, adopts related refunding and debt-service resolutions
Summary
The Clovis Unified Governing Board unanimously approved three resolutions May 21 to authorize the issuance of up to $125 million in General Obligation bonds, approve refunding bonds to lower interest costs, and set the annual debt-service estimate and tax rate. Motions passed 7-0.
The Clovis Unified School District Governing Board on May 21 unanimously approved three bond-related resolutions that, together, authorize bond issuance and take steps to refinance outstanding debt.
Board President Yolanda Moore called the meeting to order, and the Board later adopted Resolution No. 4046 authorizing the issuance and sale of General Obligation (GO) Bonds, Election of 2024, Series A, in a principal amount not to exceed $125,000,000. The motion to adopt Resolution No. 4046 passed 7-0; the motion was moved by Board Member Steven Fogg, M.D., and seconded by Board Member Clinton Olivier.
In the same series of votes the Board adopted Resolution No. 4047 authorizing the issuance and…
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