Review Agenda Item
Meeting Date: 8/4/2022 - 7:00 PM
Category: Information and Study Items
Type: Action
Subject: Measure R: Resolution 22-23-01: Terms and Authorizing The Sale and Issuance of Series 2022 Measure R Bonds, Refunding Bonds, and Related Actions
District Priorities:
File Attachment:
Res 22-23-01 Bond Series 2022.pdf
Cambrian SD First Supplemental Paying Agent 2022 General Obligation Bonds (1).pdf
Cambrian SD Escrow Agreement 2013 GORBs (1).pdf
Cambrian SD Purchase Agreement 2022 Bonds (1).pdf
Cambrian SD Continuing Disclosure Certificate Series 2022 Bonds (2).pdf
CambrianSD-2022GO-POS-Draft-July29 (1).pdf
Bond Sale Info Pres-2022-08-04.pdf
Summary: On November 3, 2020, 61% of voters within the District voted to approve Measure R. The Board will have the opportunity to consider the adoption of a Resolution authorizing the sale of the second series (Series 2022 Bonds) of Measure R general obligation bonds in an amount not to exceed $38,680,000.

In addition, the Resolution:
• Authorizes the sale to an underwriter to be selected using a competitive selection process
• Approves various financing documents in draft form, and authorizes certain District officials to execute the final versions of the documents with information from the sale
• Prescribes certain terms and conditions of the Bonds, including the payment dates, the method of interest calculation, and bond redemption and defeasance procedures
Recommendation: The Board of Trustees to adopt Resolution 22-22-01: Authorizing the Sale and Issuance of Measure R Bonds within the stated parameters.
Recommended By:
Signed By:
Carlena Grandey - Administrative Assistant to the Superintendent
Signed By:
Kristi Schwiebert - Superintendent