|
|
|
|
|
|
|
|
|
Meeting Date:
|
2/20/2019 - 3:30 PM
|
|
Category:
|
Action Items
|
|
Type:
|
Action
|
|
Subject:
|
14.11 BUSINESS: Approval of Resolution No. 17:18-19 – Resolution of the Board of Trustees of the Perris Union High School District Authorizing Request For A Waiver From the State Board of Education Relative To Statutory General Obligation Bond Debt Limitations As Provided By Education Code Sections 15102 and 15268
|
|
Strategic Plan:
|
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
Summary:
|
California Education Code Section 33050 (the “Waiver Law”) authorizes the governing board of school district to request the State Board of Education (the “SBE”) to waive all or part of any statutory requirements of the Education Code, except for those provisions which the Waiver Law exempts from waiver.
An election was held in the Perris Union High School District (the “District”) on November 6, 2018 for the issuance and sale of general obligation bonds of the District for various purposes in the maximum amount of $148,000,000 (the “Measure W”). In order to issue bonds under Measure W, the District will require a waiver of a statutory provision which limits the total amount of bonds that can be issued by the District to 1.25% of its current assessed valuation. The resolution before the Board would authorize the filing of a waiver request under the Waiver Law for such a purpose. The resolution would authorize District staff to complete all necessary documentation and take any additional actions required by the SBE in order to facilitate the approval of the waiver request.
The District is required by the Waiver Law to hold a public hearing prior to the adoption of the resolution. A public hearing regarding the waiver has been scheduled for February 20, 2019, at which members of the public may be heard. The resolution will be considered at the conclusion of the hearing. The District provided notice of the public hearing, stating the time, place and date of such public hearing.
|
|
Funding:
|
There is no fiscal impact.
|
|
Recommendation:
|
It is recommended that the Board of Trustees hold a Public Hearing to receive comments from the public or interested parties regarding the request for a Waiver from the State Board of Education Relative to Statutory General Obligation Bond Debt Limitations as Provided By Education Code Sections 15102 and 15268.
Time In: __________ Time Out: __________
It is also recommended that the Board of Trustees approve Resolution No. 17:18-19 – Resolution of the Board of Trustees of the Perris Union High School District Authorizing Request for a Waiver from the State Board of Education Relative to Statutory General Obligation Bond Debt Limitations as Provided By Education Code Sections 15102 and 15268.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Candace Reines - Deputy Superintendent
|
|
|
Signed By:
|
|
|
Grant Bennett - Superintendent
|
|
|
|
|
Vote Results:
|
| Original Motion | Member David Nelissen Moved, Member Dr. Jose Luis Araux seconded to approve the Original motion 'It is recommended that the Board of Trustees hold a Public Hearing to receive comments from the public or interested parties regarding the request for a Waiver from the State Board of Education Relative to Statutory General Obligation Bond Debt Limitations as Provided By Education Code Sections 15102 and 15268.
Time In: __________ Time Out: __________
It is also recommended that the Board of Trustees approve Resolution No. 17:18-19 – Resolution of the Board of Trustees of the Perris Union High School District Authorizing Request for a Waiver from the State Board of Education Relative to Statutory General Obligation Bond Debt Limitations as Provided By Education Code Sections 15102 and 15268.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Dr. Randall Freeman | Yes | | Anthony T. Stafford, Sr. | Yes | | Edward Garcia, Jr. | Yes | | David Nelissen | Yes | | Dr. Jose Luis Araux | Yes | |
|
|
|
|
|
|
|