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District hears Measure P update; board approves architect contract for Lema modernization
Summary
Municipal adviser CFW said the district could issue more Measure P bonds as assessed values rise; the board approved a $595,500 architectural services contract for Lema Elementary modernization and discussed timing for a potential additional issuance.
The board received a detailed update on Measure P and the district’s capital program from municipal adviser Coal, Forest & Winters (CFW) and Associate Superintendent Evans on Oct. 16.
Emilio Flores of CFW reviewed the bond program approved by voters in 2022 (authorizing up to $236 million). He said the district has already issued a first series of about $67.7 million and that assessed‑valuation growth and scheduled debt repayments leave usable…
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