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Los Banos Unified trustees approve final Measure X bond sale, $40M refunding authorization and multiple construction actions
Summary
The Los Banos Unified School District board unanimously approved a final Measure X bond sale authorization (up to $21.5 million), a separate refunding authorization (up to $40 million), adopted developer fees after a public hearing and approved several construction-related bid actions and contract amendments.
Los Banos Unified School District trustees on a unanimous roll-call vote approved several major financing and construction items at their May meeting, including authorization to issue the final series of Measure X general obligation bonds and a separate refunding bond authorization.
At the start of new business, district staff requested adoption of tax resolution 10-25 to provide for issuance and sale of the 2018 Measure X general obligation bond series 2025 in an aggregate principal amount not to exceed $21.5…
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