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Carlsbad Unified board authorizes final Measure HH bond sale; trustees say tax impact remains under pledge
Summary
Trustees approved Resolution No. 14-24/25 to issue the final Measure HH general-obligation bonds (series C), with staff estimating roughly $87.9 million principal, a projected 4.33% true interest cost and a tax rate just under $30 per $100,000 of assessed value; the motion passed 5-0.
The Carlsbad Unified School District board on Nov. 20 adopted a resolution authorizing the issuance and sale of the district's final Measure HH general-obligation bonds — Series C — and approved related documents by a unanimous 5-0 vote.
Eric Dill, presenting the financing overview with municipal adviser Adam Bower, said the good-faith estimate for the remaining principal is about $87,875,000, with an estimated true interest cost of 4.33% and issuance costs of roughly $425,000. After those costs, Dill said, net…
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