Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bonds And Finance topic
No spam. Unsubscribe anytime.
Board approves general obligation bond package and oversight bylaws
Summary
Trustees approved three bond-related resolutions authorizing certification, oversight bylaws and bond issuance; the measures passed unanimously among attending trustees (4-0, one absent). The board also approved lease-leaseback contracts to support upcoming projects.
The Sebastopol Union School District Board on Oct. 16 approved a set of resolutions authorizing a general obligation bond program and establishing oversight procedures.
Jones Hall attorney Katie Dobson briefed the board on three items: Resolution 2526-07 (General Obligation Bond Certification), Resolution 2526-08 (adoption of Bond Oversight Committee bylaws) and Resolution 2526-09 (authorization of bond issuance and sale). Trustees voted to approve each resolution; recorded votes were unanimous among attending trustees (4 yes, 0 no, 1 absent).
Board members then approved lease-leaseback contracting steps tied to planned Park Side and Brook Haven projects and voted to enter contracts with Wright Contracting (see separate article on contracts). The approvals set the district on a path to finance and begin construction planning; the bond oversight bylaws establish the committee structure the district will use to monitor bond expenditures.
