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Board advances bond-related resolutions and refinancing authority up to $80 million

Sunnyvale Board of Education · April 23, 2025
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Summary

Board reviewed and approved three linked resolutions related to previously voter-approved general obligation bonds and refinancing authority, including authorization to deliver and sell bonds up to $80,000,000; motions were introduced and voice approvals recorded in the transcript.

Staff presented three related resolutions tied to earlier voter-approved general obligation measures and possible refinancing or additional issuance. The presentation explained that the resolutions would allow the district to proceed with the next series of bond issuance and to request county actions to set tax rates; staff noted the potential maximum principal amount discussed in the presentation was up to $80,000,000 for an issuance.

Board members moved to introduce and then approve the resolutions (listed in the transcript as R25-18, R25-19 and R25-20). Each motion was seconded and the board voice-voted approval for the motions as recorded in the public transcript. The motions were announced as approved; the transcript does not show a roll-call tally of individual yes/no votes.