Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance And Voting topic
No spam. Unsubscribe anytime.
Chico Unified board approves charter renewals, facilities requests, paving project, bond resolutions and the second interim budget
Summary
At its March 12 meeting the board unanimously approved two charter renewals, Measure K charter facility requests, a corporation-yard engineering contract, three bond resolutions authorizing Measure E and Measure C issuances plus a refunding, and adopted the second interim budget with a positive certification.
The Chico Unified School District board took several formal actions on March 12, approving charter renewals, facilities requests, project engineering, bond authorizations and its second interim budget in unanimous votes.
Charter renewals: The board unanimously renewed Inspire School of Arts and Sciences and Nord Country School after staff reported the Chico Unified Charter School Review Committee recommended both renewals. "We are thrilled to continue to have you as part of our team," a trustee said after the Inspire motion passed.
Facilities and Measure K charter requests: The board approved two Measure K charter-school projects: Forest Ranch Charter School requested $19,128.17 for a front-doorbell camera and Sherwood Montessori sought $5,125 for consultant assistance to apply for state charter school facilities funds; the board approved both requests unanimously.
Corporation yard paving: Staff presented a request to contract with Northstar Engineering to prepare designs and drainage plans to pave the district corporation yard; transportation and facilities staff described safety and equipment-preservation benefits and said $250,000 in grant funds from the Butte County Air Quality Management District was available to pay engineering fees. The board approved the contract authorization and directed staff to return for the construction bid phase.
Bond resolutions and refunding: Financial advisor Makiko Sato (Isom Advisors) gave an overview of the district—ond program. The board unanimously approved three related resolutions: Resolution 1681-25 (authorize remaining 2012 Measure E Series C issuance, not to exceed $33 million) for Citrus modernization and restroom renovation projects; Resolution 1682-24 (authorize Measure C Series A issuance, not to exceed $80 million) to fund reconstruction of Rosedale Elementary as the first Measure C project; and Resolution 1683-5 (authorize up to $30 million in refunding bonds) to pursue taxpayer savings by refinancing callable prior bonds. Staff said estimated true interest costs and timing would be further refined ahead of sale.
Budget and interfund borrowing: The board unanimously approved an annual interfund borrowing resolution (a precaution allowing short-term borrowing if timing causes temporary negative balances in nutrition services or state preschool funds). The board also adopted the district's second interim budget and self-certification. Finance staff reported the district's unduplicated pupil percentage rose to a three‑year average of 56.81%, generating an estimated $2.2 million in LCFF concentration funds and increasing net revenue projections by roughly $3.1 million compared with the first interim; staff presented multi-year projections and cash-flow assumptions and recommended a positive ("green") certification.
All formal votes recorded during the meeting were unanimous. Several items were informational only (Reading Pals and the Community Schools grant presentation) and did not require board action.
The board adjourned after hearing additional public comments.
