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Board hears bond options and unanimously approves purchase of railroad property for CTE expansion
Summary
Financial adviser presented district assessed‑value, bonding capacity and tax‑rate scenarios; trustees unanimously approved purchase of 5.7 acres (railroad property, APN 003160026) in Atwater for $5.52 million with contingency and credit for a prior $1.2M option payment.
Dr. Wymer introduced an in‑depth briefing on the district’s capital options and assessed value, then turned the presentation over to the district’s financial adviser, John of Advisors.
John told the board that the district’s total assessed value is approximately $21.9 billion and outlined how state debt limits apply (1.25 percent of assessed value for high‑school districts) to produce a theoretical debt limit of about $274 million. He said outstanding general obligation bond debt totals roughly $130.9 million, leaving a net capacity of about $143 million under the debt limit.
John pr…
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