By Rachel Raskin-Zrihen
Vallejo City Unified School District board members are expected to pass a resolution at their Wednesday meeting to authorize the sale of the first installment of Measure S bonds. The board also is expected to approve the allowance of the “piggyback contract process” to get furniture and equipment for Solano Middle School before it merges with Widenmann Elementary School.
In terms of the bonds, some 70 percent of voters approved Measure S, and at the April 10 meeting, trustees learned about the bond financing plan and sale process from the district’s municipal adviser, Government Financial Strategies.
On Wednesday, the board will consider a resolution authorizing the sale of the first $39 million of Measure S bonds. The resolution also will authorize the sale to an underwriter to be selected using a competitive process, approving various financing documents, and authorizing certain district officials to execute the final versions of documents prescribing certain bond terms and conditions.