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Board authorizes up to $18 million in certificates of participation to finance district property purchase
Summary
Trustees approved a resolution to issue certificates of participation not to exceed $18 million to finance purchase and improvements of property at 3130 Crow Canyon Place; Bella Vista Elementary was identified as collateral in the lease structure and trustees approved related JPA authority documents.
The San Ramon Valley Unified School District board approved a financing package using certificates of participation (COPs) to fund the district’s acquisition and improvement of rental and administrative space at 3130 Crow Canyon Place.
Assistant Superintendent Danny Hillman and district financial adviser John Isim described the transaction as a lease‑purchase structure using a Joint Powers Financing Authority. Hillman said the board had earlier authorized staff to pursue acquisition and to prepare financing…
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