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District outlines Measure I projects, says $240 million bond proceeds are on hand
Summary
The Inglewood Unified School District presented a program update on Measure I funding and priorities, listing completed issuances, early expenditures, project timelines and named contractors for planned campus reconstructions and modernizations.
The Inglewood Unified School District on June 25 gave board members a detailed update on Measure I projects and timelines, saying the district now has the full $240 million in bond proceeds on its books and has begun targeted construction and modernization work.
Rafael Guzman, who gave the presentation, said the district issued a first tranche of $75 million in 2021 and completed the most recent issuance in April; the districts records show the remaining $165 million was recorded after that sale. "Measure I, as you know, was approved by voters back in November 2020," Guzman said. "It was a $240,000,000 bond." He told the board that about $13 million has been spent so far and that all funds have been accounted for.
Why it matters: the bond is the largest capital program the district has underway and will fund extensive rebuilding and modernization at multiple campuses. Guzman said some…
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