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.

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.

Maintaining facilities enhances the environment for student achievement.

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.

It is respectfully requested that the Superintendent recommend approval of the agreement with Dale Scott & Company.