| | | | | | | | SOUTH BAY UNION SCHOOL DISTRICT
Imperial Beach, California
February 22, 2018 |
| | | | | | | | TO:
| Katie McNamara, Ed.D., District Superintendent
| FROM:
| Abdollah Saadat, Assistant Superintendent, Business Services
| SUBJECT: | Agreement with Dale Scott & Company |
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| | | | | | | | BACKGROUND INFORMATION
At their meeting on January 18, 2018, the Board approved the placement of a measure seeking $18 million in General Obligation bonds for the VIP Preschool reconstruction project on the November 6, 2018. |
| | | | | | | | CURRENT CONSIDERATIONS
The District has invited Dale Scott & Company to provide a brief presentation about the timeline, capacity, and process that would be required to have a potential GO Bond go before the voters in November 2018. Dale Scott & Company is a leading K-14 financial advisor in the State and has successfully worked with Cajon Valley, Bonsall, Fallbrook, Oceanside, and Chula Vista school districts. They are a full-service advisor providing planning, campaign, and financial advisory assistance. |
| | | | | | | | IMPACT ON STUDENT ACHIEVEMENT
Maintaining facilities enhances the environment for student achievement. |
| | | | | | | | FINANCIAL IMPLICATIONS AND FUNDING SOURCE
The agreement contains fees for survey research, pre-election, and bond issuance services. A fee of $12,000 for the voter opinion survey is a General Fund expense and is not contingent upon the success of the election. The balance of the fees are contingent upon the success of the election. Pre-election services of $15,000 are a potential General Fund expense. Bond issuance services are paid from proceeds of the bond sale and would have no impact upon the General Fund. |
| | | | | | | | RECOMMENDATION
It is respectfully requested that the Superintendent recommend approval of the agreement with Dale Scott & Company. |
| | | | | | | | SUPERINTENDENT'S RECOMMENDATION Recommend approval. |
ATTACHMENTS: | Description | Upload Date | Type | Agreement | 1/30/2018 | Exhibit |
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