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Oakrove Board Authorizes Sale of Up to $71.5 Million in Measure P Bonds to Fund School Modernizations
Summary
The board authorized issuance and sale of up to $71.5 million in general obligation bonds under Measure P (2022) to support school modernizations, with staff citing favorable assessed-value growth and plans to seek a bond rating and offer bonds to investors in January.
The Oakrove School District board voted Dec. 11 to authorize the issuance and sale of up to $71.5 million in Measure P general obligation bonds (Series B), the second tranche of voter-approved Measure P funds.
Associate Superintendent Evans and municipal advisor Emilio Flores of CFW Advisory Services briefed the board on the transaction timeline, credit considerations and projected repayment. Flores said the district aims to price bonds in January…
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