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General Obligation Bond Presentation

General Obligation Bond Presentation. December 14, 2010. Measure J Successful. On November 2, voters approved Measure J, authorizing the issuance of $35.4 million in General Obligation Bonds (“GO Bonds”) to fund improvements to the schools of Jefferson School District (“School District”).

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General Obligation Bond Presentation

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  1. General Obligation Bond Presentation December 14, 2010

  2. Measure J Successful On November 2, voters approved Measure J, authorizing the issuance of $35.4 million in General Obligation Bonds (“GO Bonds”) to fund improvements to the schools of Jefferson School District (“School District”). Bond Election Result Note: Under Proposition 39, only 55 percent voter approval is required Page 2

  3. Next Steps – Legal In the next few months, the Board of Education will be asked to approve a series of resolutions related to the passage of Measure J: Resolution Confirming Results of Election January Resolution Allowing for Reimbursement of Expenditures Prior to Issuance of Bonds January Formation of Citizens’ Oversight Committee March Page 3

  4. Next Steps – Planning The School District will need to identify the priority of projects and identify what improvements at each school will be in the first phase of construction. • Input from School Sites / Community Meetings 1st Quarter 2011 • Board Study Sessions TBD • Construction Delivery Methods January • Construction Management RFP/RFQ 1st Quarter 2011

  5. Next Steps – Financing The Financing Team will be working to issue the first series of GO Bonds authorized by Measure J in the first half of 2011 to provide funding for the planning and construction of the first phase of facilities improvements. Qualified School Construction Bonds Allocation Results December-January GO Bond Financing Structure 1st Quarter 2011 Resolution Authorizing Issuance of Debt March GO Bond Ratings Trip TBD Issuance of GO Bonds & Receipt of Proceeds 2nd Quarter 2011 Page 5

  6. Questions and Answers ? Page 6

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