Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Bonds topic
No spam. Unsubscribe anytime.
Consultant outlines option to issue CFD No. 2019‑1 bonds and refinance Measure CK
Summary
A consultant briefed the Board on an option to issue additional bonds backed by CFD No. 2019‑1 revenues and to refinance earlier Measure CK bonds to potentially save taxpayers money. Trustees asked questions and deferred direction to the Superintendent.
At the June 25 meeting, Mr. Khushroo Gheyara of CFW presented the Board with an option to issue additional Community Facilities District (CFD) No. 2019‑1 bonds and to refinance previously issued Measure CK bonds. The consultant framed refinancing as a potential method to achieve savings for local taxpayers but did not request immediate Board action.
Trustees asked clarifying questions about timing and impacts; the Board did not take a vote and directed staff to review options and return with recommendations. The report concluded without formal direction; the Board indicated it would provide specific guidance to the Superintendent at a later date. "He presented the option to issue additional bonds backed by the revenues of CFD No. 2019-1," the minutes state.
