Agenda Item
Meeting Date:
10/13/2021 - 6:00 PM  
Category:
Reports/Information  
Type:
Info  
Subject:
12.1 Bond Refinancing Update  
LCAP (Local Control Accountability Plan) Goal:
Goal 1: All students will receive a high quality education in a safe and welcoming environment with equitable and high expectations, access to technology, and instruction in the California State Standards that prepare them for college and/or career.
Goal 2: High quality, culturally proficient, and responsive staff will provide engaging instruction respectful of all students' backgrounds to ensure they are college and/or career ready.
Goal 3: Parents, family, and community will be informed, engaged and empowered as partners with Mt. Diablo Unified to support student learning.
 
Policy:
 
Enclosure:
MDUSD 2021 GORB's Presentation  
File Attachment:
MDUSD 2021 GORBs Wrap-up Oct 2021.pdf
 
Summary:
The Governing Board authorized the refinancing of bonds at the August board meeting. This presentation will provide an update to the board and community on the $198 million refinancing of general obligation bonds that will save the taxpayers over $48 million in taxes over the next 16 years. Greg and Jon Isom of Isom Advisors will provide the final details of the refinancing.  
Funding:
Refinancing at no cost to MDUSD  
Fiscal Impact:
More than $48 million in savings to the taxpayers, no financial impact to MDUSD  
Recommendation
N/A  
Approvals:
Recommended By:
Signed By:
Niccole Helton - Administrative Assistant
Signed By:  
Dr. Lisa Gonzales - Chief Business Officer
Signed By:  
Dr. Adam Clark - Superintendent