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Inglewood committee clears equity analysis for five closed school sites and maps outreach, reuse options
Summary
The Inglewood Unified School District Asset Management Committee reviewed an equity impact analysis that supports closure of five school sites, discussed redevelopment and leasing options, heard that recent bond-rating upgrades should lower borrowing costs, and asked staff to return with a community outreach plan and a resolution to declare the adult-education site surplus.
The Inglewood Unified School District Asset Management Committee on Feb. 6 reviewed a district equity impact analysis that underpins the closure of five school sites and discussed potential future uses, outreach plans and fiscal implications.
Chair Cheryl Matthews opened the meeting and introduced County Administrator Dr. James Morris, who said recent bond sales produced an upgrade in the district’s ratings, moving the district from the B category into the A range and earning a Fitch A+ on the most recent sale. “We went out for this last tranche of bonds ... We got out of the B category into the A category,” Dr. Morris said, adding the upgrades should reduce interest costs for taxpayers.
Jordan Miles, the district’s executive officer for facilities and construction, presented the equity impact analysis…
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