Measure G Update No. 4 (Feb. 15, 2017)

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UPDATE

Nº. 4 / February 2017

The Board of Education gave preliminary direction to CVUSD staff in January on implementing the $750 million Measure G school construction and modernization bond approved by voters in November.  The following is a tentative schedule of the next steps with regard to the sale of bonds and project schedules under the first issuance of bonds. Dates and events will be updated as they become finalized.

  • Bond Process
    • February/March 2017 – Obtain credit ratings
  • March 16 board meeting - Adopt Resolution to Issue Bonds
    • Finalize Bond Structure
    • Print Preliminary Official Statement
    • Market Credit and Structure to Investors
  • April/May 2017 – Price Bonds/Sell to Investors
    • Notify County of Debt Service
    • Close Transaction and Deliver Bond Funds
    • Money available for projects

 

Get Informed, Get Involved

 

THANK YOU FOR YOUR SUPPORT OF MEASURE G!

 

(Feb. 15, 2017)


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