Review 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