August 31, 2022 at 6:00 PM - Special Board of Education Meeting

Agenda

Agenda

I. Public Comment

II. Discussion and Possible Action on PreK-8 Facilities Project

Rationale: Attached are some scenarios our bonding agent created using the cash flow charts. They show 5 options. The first page shows the total of each option on their own. The second page shows the total of each option including the District’s existing debt service. Pages three through seven show each option broken out. You will notice they have used the sale of Bonds & Notes for many years. This is to allow the coverage of all funds during the project, and to push out bonding to allow some debt to fall off. Below is an outline of each option:

Option 1 - Level Principal structure using Bonds and Notes to fund the cash flow while issuing bonds evenly over time.
Option 2 - Level Principal structure using the issuance of Notes to help push some bonding out.
Option 3 - Level Principal structure using the issuance of Notes more prevalently to help push out bonding.
Option 4 - Level Principal with 2 bond issues upfront to reduce interest costs.
Option 5 - Same as option 1 but using level debt service.

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