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School board approves up to $30 million in 2025 certificates of participation
Summary
The Calexico Unified School District Board voted 5-0 to approve a resolution authorizing the execution and delivery of 2025 certificates of participation in an aggregate amount not to exceed $30 million, authorizing an official statement and related documents.
The Calexico Unified School District Board voted unanimously to approve a resolution authorizing the execution and delivery of 2025 certificates of participation in an aggregate amount not to exceed $30,000,000.
Board President Contreras introduced Item 15, describing the resolution and the district actions it would authorize, including preparation of an official statement and execution of related documents. Trustee Calderon moved to approve the resolution; Trustee Avina seconded.
The board conducted a roll-call vote. Trustees Arellano, Castillo, Calderon, Ravenha and President Contreras each voted yes; the resolution passed 5-0. There was no substantive debate recorded on the item.
The board did not provide a bond or ordinance number in the discussion; the resolution authorizes district officials to proceed with documents and related actions necessary to issue the certificates. The board moved on to the next agenda item after the vote.
