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Kingsburg Joint Union High trustees approve up to $7M in general obligation bonds
Summary
The Kingsburg Joint Union High School District board unanimously adopted Resolution #R20-2425 authorizing issuance and sale of up to $7,000,000 in General Obligation Bonds (Election of 2024, Series A) and approved related offering documents.
The Kingsburg Joint Union High School District Board of Trustees on June 16, 2025, voted unanimously to adopt Resolution #R20-2425 authorizing the issuance and sale of General Obligation Bonds, Election of 2024, Series A, in an aggregate principal amount not to exceed $7,000,000. The board approved the bond sale to be conducted as current interest bonds through a negotiated sale and approved related documents in form.
Trustee Mike Serpa moved to approve the resolution and Trustee Rick Jackson seconded; the motion carried 5-0. The record shows the board approved the Bond Purchase Agreement, Preliminary Official Statement and Continuing Disclosure Certificate in the form presented to the trustees. The resolution materials note required disclosures about the bond structure appear in Appendix B to the resolution as provided to the board.
Board President Steve Nagle and other trustees recorded their votes as Aye. The transcript and minutes do not include further detail on the use of bond proceeds, a repayment schedule, or an enacted tax rate; those specifics are not specified in the excerpt provided. The approved documents are available for public review as part of the board’s supporting materials.
The board took the formal vote during its June 16 special meeting; no amendments to the resolution were recorded in the provided transcript.
