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Meeting Date:
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6/1/2021 - 7:00 PM
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Category:
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Other Action Items
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Type:
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Info/Action
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Subject:
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(Item OAI-4) Resolution 2021-37 Board of Education of the Lodi Unified School District Prescribing the Terms and Authorizing the Issuance of the Election Series 2016 Series 2021 Bonds (Mr. Kahn) This action will approve forms of and authorize the execution and delivery of a paying agent agreement, a bond purchase agreement, a continuing disclosure certificate, and an official statement; authorize distribution of the official statement; and authorize execution of necessary certificates.
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Enclosure
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File Attachment:
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Summary:
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The District plans to issue the third series of Measure U bonds. The proceeds will be used to complete the seven remaining modernization projects to include: Davis, Elkhorn, Lakewood, Nichols, Vinewood and Washington Elementary Schools and Lodi Middle School. The projects will consist of repair and upgrade of aging classrooms to prepare students for college and careers, retain/attract quality teachers and improve student health and safety by removing mold/ asbestos/lead paint, repairing leaky roofs, updating classrooms and acquiring/constructing modernizing sites/facilities, equipment.
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Funding:
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The amount to be issued is $91 million.
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Recommendation:
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It is recommended that the Board of Education adopt Resolution
2021-37.
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Approvals:
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Recommended By:
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Signed By:
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April Juarez - Senior Director, Controller
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Signed By:
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Leonard Kahn - Chief Business Officer
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Signed By:
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Cathy Washer - Superintendent
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