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OFFICIAL NOTICE OF SALE $_________ * SOUTH COAST LOCAL EDUCATION AGENCIES POOLED TAX AND REVENUE ANTICIPATION NOTE PROGRAM NOTE PARTICIPATIONS, SERIES 2010__ NOTICE IS HEREBY GIVEN that electronic bids via an electronic bidding service offered through the MuniAuction system (“MuniAuction”) will be received by the Orange County Department of Education (the “Department”) as representative of certain California school districts located in Orange County, California (collectively, “the Participants”), for the purchase of $_________ amount of the above-captioned Note Participations, Series 2010__ (the “Note Participations”), evidencing interests in Notes (the “Notes”) authorized to be issued under and pursuant to a Trust Agreement (the “Trust Agreement”) by and among the Participants, the Department, as representative, and U.S. Bank National Association, as trustee (the “Trustee”), at the place and up to the time specified below: TIME: 9:00 a.m. Pacific time on _____day, ________, 2010, or at such other time or date as shall be established by the Department and communicated through The Bond Buyer Wire (the “News Service”) not less than twenty-four (24) hours prior to the time bids are to be received. If no legal bid or bids are received for the Note Participations on _______, 2010 or if the sale date is postponed (or if no bids are received or the sale date is postponed at such other time or on such other date as is communicated by the News Service), bids will be received at the time and place designated by the News Service. Notice of the new sale date and time, if any, will be given through the News Service not later than twenty-four (24) hours prior to the new time bids are to be received. Electronic Bids via MuniAuction (“MuniAuction”) will be accepted in accordance with this Notice of Sale until 9:00 a.m. Local Time, on _____day, ________, 2010, but no bid will be received after this time, unless the bidding is extended pursuant to MuniAuction’s “Two Minute Rule.” To the extent any instructions or directions set forth in MuniAuction conflict with this Notice of Sale, the terms of this Notice of Sale shall control. For further information about MuniAuction, potential bidders may contact the Tamalpais Advisors, Inc., which is serving as Financial Advisor to the Participants. As an accommodation to bidders, telephonic or fax notice of the postponement of the sale date or change in the principal amount will be given to any bidder requesting such notice by request directed to the Participants’ Financial Advisor, Tamalpais Advisors, Inc., 3030 Bridgeway, Suite 340, Sausalito, California 94965, Attention: Jean Buckley, telephone (415) 331-4473; fax (415) 331-4479. Failure of any bidder to receive such News Service, telephonic or fax notice shall not affect the legality of the sale. * Preliminary, subject to change. OHS West:260901013.1 3 Page 144
PLACE: ELECTRONIC BIDS: Tamalpais Advisors, Inc. 3030 Bridgeway, Suite 340 Sausalito, California 94965 Solely as an accommodation to bidders, the Participants will accept bids in electronic form solely through MuniAuction. Each bidder submitting an electronic bid understands and agrees by doing so that it is solely responsible for all arrangements with MuniAuction, that the Participants neither endorse nor explicitly encourage the use of MuniAuction and that MuniAuction is not acting as an agent of the Participants. Instructions and forms for submitting electronic bids must be obtained from MuniAuction, and the Participants assume no responsibility for ensuring or verifying bidder compliance with MuniAuction’s procedures. The Participants shall be entitled to assume that any bid received via MuniAuction has been made by a duly authorized agent of the bidder. This notice will be submitted to MuniAuction for posting on the MuniAuction website at www.GrantStreet.com. In the event MuniAuction’s summary of the terms of sale of the Note Participations disagrees with this Official Notice of Sale in any particulars, the terms of this Official Notice of Sale shall control (unless notice of an amendment hereto is given as described above). THE NOTE PARTICIPATIONS HEREBY OFFERED FOR SALE ARE GENERALLY DESCRIBED AS FOLLOWS: TERMS OF THE NOTES: The terms of issuance, principal and interest repayment, redemption, security, tax exemption and all other information regarding the Note Participations, the Notes and the Participants are given in the Preliminary Official Statement for the Note Participations, dated _________, 2010 (the “Preliminary Official Statement”), which each bidder must have obtained and reviewed prior to bidding for the Note Participations. This Official Notice of Sale contains certain information for quick reference only, is not a summary of the issue and governs only the terms of the sale of, bidding for and closing procedures with respect to the Note Participations. Bidders must read the entire Preliminary Official Statement to obtain information essential to the making of an informed decision to bid. ISSUE: $_______ * principal amount, consisting of fully registered Note Participations in denominations of $5,000 or any integral multiple thereof, all dated ______, 2010, and comprising all of the Note Participations authorized to be issued pursuant to the Trust Agreement. INTEREST RATE: THE INTEREST RATE ON THE NOTES (AND PAYABLE WITH RESPECT TO THE CORRESPONDING NOTE PARTICIPATIONS) HAS BEEN FIXED BY TAMALPAIS ADVISORS, INC. (“THE FINANCIAL ADVISOR”) AT______%. Any premium must be paid in immediately available funds as part of the purchase price. Interest on the Note Participations shall be computed on the basis of a 360-day year of twelve 30-day months. MATURITY: The Note Participations will be dated the date of issuance thereof, which is expected to be ________, 2010 and will mature on _______, 2011. * Preliminary, subject to change. OHS West:260901013.1 4 Page 145
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IRVINE UNIFIED SCHOOL DISTRICT Admi
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d. Purchase Order Detail Report Rec
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Items removed from Consent Calendar
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Irvine Unified School District Irvi
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Irvine Unified School District Boar
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Irvine Unified School District Irvi
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Item No. 13 a. TOPIC BACKGROUND DES
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Item No. 13 c. TOPIC DESCRIPTION FI
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Item No. 13 e. TOPIC DESCRIPTION CH
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Item No. 13 f. ADVOCATES FOR LABOR
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Item No. 13 g. TOPIC CLASSIFIED PER
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Item No. 13 i. TOPIC DESCRIPTION FI
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STATE OF CALIFORNIA FIVE YEAR PLAN
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STATE OF CALIFORNIA FIVE YEAR PLAN
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Item No. 13 k. TOPIC DESCRIPTION CO
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Item No. 13 l. Sponsoring School: I
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Item No. 14 b. TOPIC DESCRIPTION CH
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Item No. 14 d. TOPIC AUTHORIZATION
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PROPOSED LOCATION FOR MODULAR CLASS
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9 7 8 6 4 5 3 2 1 9 7 8 6 4 5 3 2 1
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Item No. 15 b. TOPIC DESCRIPTION RE
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of the District provided for or att
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for its share of (a) the fees of th
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Section 3. Form of Note. The Note s
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(d) If the Authorized Officer does
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misleading, the District shall prom
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Orange County Treasurer (the “Cou
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Obligations, if applicable, have be
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this Resolution except those the Di
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(P) As a condition to the issuance
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emains in effect or such possession
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eimbursement on a draw or claim has
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Agreement, at the rate of interest
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IN WITNESS WHEREOF, the Board of Su
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California, or its successor in tru
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IN WITNESS WHEREOF, the Board of Ed
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Series __-__ Repayment Months: Firs
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SECRETARY’S CERTIFICATE I, ______
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TABLE OF CONTENTS Page ARTICLE I DE
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TABLE OF CONTENTS (continued) Page
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WHEREAS, the issuance of the Notes
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“Note Resolutions” means the re
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“Purchase Agreement” means the
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Page 117 and 118: Moneys held by the Trustee in the C
Page 119 and 120: IN WITNESS WHEREOF, each of the Dis
Page 121 and 122: EXHIBIT A FORM OF NOTE PARTICIPATIO
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Page 125 and 126: [FORM OF ASSIGNMENT] For value rece
Page 127 and 128: 5. As of the date hereof, no event
Page 129 and 130: SCHEDULE I PARTICIPATING SCHOOL DIS
Page 131 and 132: SCHEDULE II PROCEEDS SUBACCOUNT AMO
Page 133 and 134: WHEREAS, in order to participate in
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Page 139 and 140: EXHIBIT A SOUTH COAST LOCAL EDUCATI
Page 141 and 142: In addition to the foregoing, the u
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Page 149 and 150: By making a bid for the Note Partic
Page 151 and 152: This Preliminary Official Statement
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Page 155 and 156: TABLE OF CONTENTS INTRODUCTION.....
Page 157 and 158: each Participant and Appendix A -
Page 159 and 160: The Participants The Participants a
Page 161 and 162: Participant, will be encumbered for
Page 163 and 164: MCCFD for each Participant is funde
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Page 171 and 172: FINANCIAL INFORMATION REGARDING THE
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Page 177 and 178: Revision to the Original 2009-10 St
Page 179 and 180: implement several major solutions s
Page 181 and 182: 10. The 2010-11 Proposed State Budg
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Page 193 and 194: APPENDIX C COVERAGE ESTIMATES SOUTH
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APPENDIX D PROPOSED FORM OF OPINION
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Participant through which the Benef
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APPENDIX F CONSTITUTIONAL AND STATU
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percentage of State General Fund re
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Year 2008-09, the State may shift t
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HD&W LLP - 5/11/10 Draft may vary f
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Cash Flow Assumptions The table bel
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IRVINE UNIFIED SCHOOL DISTRICT CASH
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IRVINE UNIFIED SCHOOL DISTRICT STAT
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eductions for Fiscal Year 2011-12 w
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Item No. 15 c. Department of Educat
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Item No. 15 e. TOPIC DESCRIPTION AN
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CONTINUOUS IMPROVEMENT EFFORTS Ensu
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21 ST CENTURY LEARNING: ESSENTIAL C
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CURRICULUM & INSTRUCTION Curriculum
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CURRICULUM COUNCIL MEMBERS - 2010-2
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reconvene regular meeting: 7:00 pm - Irvine Unified School District

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