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Bernardi Securities outlines bond options and timeline for possible referendum
Summary
John Vezzetti of Bernardi Securities briefed the committee on existing bonds, structuring options and said the referendum planning process could take "between four (4) months to 2-years," with next steps for the Facilities Committee to define needs.
John Vezzetti, representing Bernardi Securities, reviewed the district's existing bonds, payment timelines and options for structuring new borrowing that could be implemented without raising—and possibly lowering—the community tax rate. He told the committee the timeline for planning a referendum varies by scope and can take "between four (4) months to 2-years."
Vezzetti recommended that the Facilities Committee determine which district needs would be addressed in any potential referendum and that outreach to the community follow to gather input. The minutes record options and timing discussed but do not specify a particular financing plan or a schedule for a Board decision.
Committee discussion touched on trade-offs in scope and timing; no formal motion or vote on a bond proposal was recorded in these minutes.
