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Board reviews Measure L and X bond sales, sets easement hearing and outlines phased cafeteria projects
Summary
Trustees reviewed plans to issue general obligation bonds for Measure L and Measure X, scheduled a March 31 public hearing to convey a utility easement to Modesto Irrigation District, and heard staff recommend a phased approach to Measure X elementary cafeteria projects.
The Modesto City Schools Board of Trustees discussed the planned issuance and sale of general obligation bonds for Measure L (high school district) and Measure X (elementary district) and set a March 31 public hearing to convey a public utility easement to Modesto Irrigation District. The board did not finalize bond issuance tonight but was scheduled to consider bond‑authorization resolutions at the next meeting.
Jeff Small, the district’s financial advisor, told trustees that current market conditions make it a reasonable time to issue bonds and that interest rates are…
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