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Page 48
of the District provided for or attributable to the Repayment Fiscal Year, and available for the payment of the aggregate principal amount of the Note and the interest thereon; WHEREAS, no money has heretofore been borrowed by or on behalf of the District through the issuance of tax and revenue anticipation notes or temporary notes in anticipation of the receipt of, or payable from or secured by, taxes, income, revenue, cash receipts or other moneys for the Repayment Fiscal Year; WHEREAS, the District desires to authorize the issuance of the Note, in one or more series, each to be marketed together with some or all of the notes issued by other school districts, community college districts, if any, and the Orange County Department of Education (the “Department”) simultaneously therewith; WHEREAS, pursuant to Section 53856 of the Act, certain moneys which will be received or accrued by the District and provided for or attributable to the Repayment Fiscal Year can be pledged for the payment of the principal of the Note and the interest thereon (as hereinafter provided); WHEREAS, the District has determined that it is in the best interests of the District to participate in the South Coast Local Education Agencies Pooled Tax and Revenue Anticipation Note Program (the “Program”), whereby participating school districts, community college districts and the Department, as each may direct by a form of resolution substantially similar to this Resolution (the Department, if so electing to participate, together with the school districts and community college districts, if any, electing to participate in the Program, the “Issuers”) will, on one or more dates in the Repayment Fiscal Year, simultaneously issue tax and revenue anticipation notes; WHEREAS, the District desires to have its Note marketed together with some or all of the notes issued concurrently by other school districts, community college districts and the Department, if an Authorized Officer (as defined herein) determines that it is in the best interest of the District to participate in the Program or, alternatively, the District may issue its note on a stand-alone basis, depending on market conditions; WHEREAS, Tamalpais Advisors, Inc. (the “Financial Advisor”), together with an underwriter or underwriters to be appointed and approved by an Authorized District Representative, identified in Section 14 hereof (the “Underwriter”), will structure one or more pools of notes (which may include a single note of the District or another Issuer) or series of note participations (referred to herein as the “Note Participations,” the “Series” and/or the “Series of Note Participations”) distinguished by (i) whether and what type(s) of Credit Instrument (as hereinafter defined) provides additional security for notes comprising each Series, and (ii) delivery dates, maturity dates, security provisions and possibly other features, all of which the District hereby authorizes the Financial Advisor to determine, the principal features of which are to be set forth in the respective Pricing Confirmation substantially in the form and substance set forth in Exhibit C hereto (the “Pricing Confirmation”) and finalized upon the pricing of the respective Note, if any; OHS West:260886960.2 2 Page 49
Page 1 and 2: IRVINE UNIFIED SCHOOL DISTRICT Admi
Page 3 and 4: d. Purchase Order Detail Report Rec
Page 5 and 6: Items removed from Consent Calendar
Page 7 and 8: Irvine Unified School District Irvi
Page 9 and 10: Irvine Unified School District Boar
Page 17 and 18: Irvine Unified School District Irvi
Page 19 and 20: Item No. 13 a. TOPIC BACKGROUND DES
Page 21 and 22: Item No. 13 c. TOPIC DESCRIPTION FI
Page 23 and 24: Item No. 13 e. TOPIC DESCRIPTION CH
Page 25 and 26: Item No. 13 f. ADVOCATES FOR LABOR
Page 27 and 28: Item No. 13 g. TOPIC CLASSIFIED PER
Page 29 and 30: Item No. 13 i. TOPIC DESCRIPTION FI
Page 31 and 32: STATE OF CALIFORNIA FIVE YEAR PLAN
Page 33 and 34: STATE OF CALIFORNIA FIVE YEAR PLAN
Page 35 and 36: Item No. 13 k. TOPIC DESCRIPTION CO
Page 37 and 38: Item No. 13 l. Sponsoring School: I
Page 39 and 40: Item No. 14 b. TOPIC DESCRIPTION CH
Page 41 and 42: Item No. 14 d. TOPIC AUTHORIZATION
Page 43 and 44: PROPOSED LOCATION FOR MODULAR CLASS
Page 45 and 46: 9 7 8 6 4 5 3 2 1 9 7 8 6 4 5 3 2 1
Page 47: Item No. 15 b. TOPIC DESCRIPTION RE
Page 51 and 52: for its share of (a) the fees of th
Page 53 and 54: Section 3. Form of Note. The Note s
Page 55 and 56: (d) If the Authorized Officer does
Page 57 and 58: misleading, the District shall prom
Page 59 and 60: Orange County Treasurer (the “Cou
Page 61 and 62: Obligations, if applicable, have be
Page 63 and 64: this Resolution except those the Di
Page 65 and 66: (P) As a condition to the issuance
Page 67 and 68: emains in effect or such possession
Page 69 and 70: eimbursement on a draw or claim has
Page 71 and 72: Agreement, at the rate of interest
Page 73 and 74: IN WITNESS WHEREOF, the Board of Su
Page 75 and 76: California, or its successor in tru
Page 77 and 78: IN WITNESS WHEREOF, the Board of Ed
Page 79 and 80: Series __-__ Repayment Months: Firs
Page 81 and 82: SECRETARY’S CERTIFICATE I, ______
Page 83 and 84: TABLE OF CONTENTS Page ARTICLE I DE
Page 85 and 86: TABLE OF CONTENTS (continued) Page
Page 87 and 88: WHEREAS, the issuance of the Notes
Page 89 and 90: “Note Resolutions” means the re
Page 91 and 92: “Purchase Agreement” means the
Page 93 and 94: The principal evidenced and represe
Page 95 and 96: name of Cede & Co., as nominee of D
Page 97 and 98: writing to the Trustee by the Repre
Page 99 and 100:
and shall be transferred to such Di
Page 101 and 102:
equired to be obtained as evidence
Page 103 and 104:
Note Participations, and the stampi
Page 105 and 106:
ank or trust company shall be deeme
Page 107 and 108:
payments to be made thereon by the
Page 109 and 110:
description, stating in substance t
Page 111 and 112:
owners of the Note Participations a
Page 113 and 114:
obligations under this Article XI,
Page 115 and 116:
powers, duties and functions that a
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
Page 123 and 124:
Agreement permitting the disburseme
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
Page 135 and 136:
Section 6. Conditions Precedent to
Page 137 and 138:
herewith or with the transactions c
Page 139 and 140:
EXHIBIT A SOUTH COAST LOCAL EDUCATI
Page 141 and 142:
In addition to the foregoing, the u
Page 143 and 144:
[Page Intentionally Left Blank] OHS
Page 145 and 146:
PLACE: ELECTRONIC BIDS: Tamalpais A
Page 147 and 148:
description of this undertaking is
Page 149 and 150:
By making a bid for the Note Partic
Page 151 and 152:
This Preliminary Official Statement
Page 153 and 154:
___________________________________
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
Page 165 and 166:
(I) That the Participant funded its
Page 167 and 168:
with a maximum weighted average mat
Page 169 and 170:
acceptances, with a maturity not to
Page 171 and 172:
FINANCIAL INFORMATION REGARDING THE
Page 173 and 174:
The Participants’ principal reven
Page 175 and 176:
specifically defined geographic are
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
Page 183 and 184:
espect to a school district, the Co
Page 185 and 186:
consult their own tax advisors with
Page 187 and 188:
judgment of such rating agency, cir
Page 189 and 190:
34 Page 189 22314.4 033985 POS
Page 191 and 192:
(THIS PAGE INTENTIONALLY LEFT BLANK
Page 193 and 194:
APPENDIX C COVERAGE ESTIMATES SOUTH
Page 195 and 196:
APPENDIX D PROPOSED FORM OF OPINION
Page 197 and 198:
Participant through which the Benef
Page 199 and 200:
APPENDIX F CONSTITUTIONAL AND STATU
Page 201 and 202:
percentage of State General Fund re
Page 203 and 204:
Year 2008-09, the State may shift t
Page 205 and 206:
HD&W LLP - 5/11/10 Draft may vary f
Page 207 and 208:
Cash Flow Assumptions The table bel
Page 209 and 210:
IRVINE UNIFIED SCHOOL DISTRICT CASH
Page 211 and 212:
IRVINE UNIFIED SCHOOL DISTRICT STAT
Page 213 and 214:
eductions for Fiscal Year 2011-12 w
Page 215 and 216:
Item No. 15 c. Department of Educat
Page 217 and 218:
Item No. 15 e. TOPIC DESCRIPTION AN
Page 219 and 220:
CONTINUOUS IMPROVEMENT EFFORTS Ensu
Page 221 and 222:
21 ST CENTURY LEARNING: ESSENTIAL C
Page 223 and 224:
CURRICULUM & INSTRUCTION Curriculum
Page 225 and 226:
CURRICULUM COUNCIL MEMBERS - 2010-2
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reconvene regular meeting: 7:00 pm - Irvine Unified School District

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