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Bond committee to seek $14 million issuance; $9 million drawdown advanced to fund wrestling room
Summary
The Selma Unified Bond Committee agreed to advance a $9 million drawdown and will present a $14 million bond issuance request to the Board of Trustees on Oct. 14, 2025, with funds expected by mid-December after the required resolution process.
The Selma Unified Bond Committee discussed accelerating bond proceeds to cover nearing construction needs and agreed to take a $14 million bond issuance request to the Board of Trustees on Oct. 14, 2025. Committee members heard that a previously planned $9 million drawdown from Series B, originally slated for next year, will be advanced to help fund the new wrestling room and other prioritized projects.
Director of Facilities Steve Fusi presented the timing and rationale for the change, telling the committee that the district will follow the required resolution and issuance process; receipt of funds is anticipated in mid-December 2025. Assistant Superintendent Jessica Villareal confirmed staff will prepare the necessary documentation for the Board meeting. The committee did not take a final vote to issue bonds at this meeting; the item will be brought to the Board of Trustees for formal action on Oct. 14, 2025.
