Oxnard board authorizes bond anticipation note to keep Fremont project moving
Trustees approved documents enabling the district to issue a bond anticipation note (up to $36 million authorized by voters) to accelerate Fremont Middle School reconstruction while waiting to sell the remainder of pledged bonds; staff and advisers emphasized repayment risks, reliance on assessed-value growth and reserve plans.
The full story
The Oxnard School District on Jan. 14 approved a resolution and related documents to enable the sale of a bond anticipation note (BAN) to finance construction for the Fremont Middle School reconstruction while the district awaits capacity to issue existing voter-authorized bonds.
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