reconvene regular meeting: 7:00 pm - Irvine Unified School District

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EXHIBIT B FORM OF NOTE IRVINE UNIFIED SCHOOL DISTRICT COUNTY OF ORANGE, CALIFORNIA 2010-11 TAX AND REVENUE ANTICIPATION NOTE, SERIES __-__*/ Interest Rate First Repayment Month __% (Total of principal and interest due on Note at maturity) Fourth Repayment Month __% (Total of principal and interest due on Note at maturity) Maturity Date Second Repayment Month __% (Total of principal and interest due on Note at maturity) Fifth Repayment Month __% (Total of principal and interest due on Note at maturity) Date of Original Issue Third Repayment Month __% (Total of principal and interest due on Note at maturity) Sixth Repayment Month __% (Total of principal and interest due on Note at maturity)**/ REGISTERED OWNER: U.S. BANK NATIONAL ASSOCIATION PRINCIPAL AMOUNT: FOR VALUE RECEIVED, the Irvine Unified School District (the “District”), located in the County of Orange, California (the “County”), acknowledges itself indebted to and promises to pay to the registered owner identified above, or registered assigns, on the maturity date set forth above, the principal sum specified above in lawful money of the United States of America, and to pay interest thereon on each Interest Payment Date, as defined in the Trust Agreement, at the rate of interest specified above (the “Note Rate”). Principal of and interest on this Note are payable in such coin or currency of the United States as at the time of payment is legal tender for payment of private and public debts, such principal to be paid upon surrender hereof at the principal corporate trust office of U.S. Bank National Association in Los Angeles, */ If more than one Series is issued under the Program in the Repayment Fiscal Year. **/ Number of Repayment Months and percentages to be determined in Pricing Confirmation (as defined in the Resolution). OHS West:260886960.2 B-1 Page 74
California, or its successor in trust (the “Trustee”). Interest is payable as specified in the Trust Agreement and shall be calculated on the basis of a 360-day year, consisting of twelve 30-day months, in like lawful money from the date hereof until the maturity date specified above and, if funds are not provided for payment at maturity, thereafter on the basis of a 360-day year for actual days elapsed until payment in full of said principal sum. Both the principal of and interest on this Note shall be payable only to the registered owner hereof upon surrender of this Note as the same shall fall due; provided, however, no interest shall be payable for any period after maturity during which the holder hereof fails to properly present this Note for payment. If the District fails to pay this Note when due or the Credit Provider (as defined in the Resolution hereinafter described), if any, is not reimbursed in full for the amount drawn on or paid pursuant to the Credit Instrument (as defined in the Resolution) to pay all or a portion of this Note on the date of such payment, this Note shall become a Defaulted Note (as defined and with the consequences set forth in the Resolution). It is hereby certified, recited and declared that this Note (the “Note”) represents the District’s 2010-11 Tax and Revenue Anticipation Note, Series __-__ authorized, executed and given pursuant to and by authority of a resolution of the Board of Education of the District duly passed and adopted heretofore, under and by authority of Article 7.6 (commencing with Section 53850) of Chapter 4, Part 1, Division 2, Title 5 of the California Government Code (the “Resolution”), to all of the provisions and limitations of which the owner of this Note, by acceptance hereof, assents and agrees. The principal of this Note, together with the interest thereon, shall be payable from taxes, income, revenue, cash receipts and other moneys which are received, held or accrued by the District for the general fund of the District and are provided for or attributable to the Fiscal Year ending June 30, 2011 (the “Repayment Fiscal Year”). As security for the payment of the principal of and interest on this Note, the District has pledged the first amounts of Unrestricted Revenues of the District received in the sequentially numbered Repayment Months set forth on the face hereof (and any amounts received thereafter provided for or attributable to the Repayment Fiscal Year) until the amount on deposit in the Payment Fund (as defined in the Resolution) in each such month, taking into consideration anticipated earnings thereon to be received by the maturity date, is equal to the corresponding percentages of principal of and interest due on this Note at maturity set forth on the face hereof (such pledged amounts being hereinafter called the “Pledged Revenues”), and the principal of this Note and the interest thereon shall constitute a first lien and charge thereon and shall be payable from the Pledged Revenues, and to the extent not so paid shall be paid from any other moneys of the District lawfully available therefor as set forth in the Resolution. The County is not liable for payment of this Note. The full faith and credit of the District is not pledged to the payment of the principal or interest on this Note. As provided in the Resolution, the District may provide for the issuance of a parity note or notes during the Repayment Fiscal Year, the principal and interest on which will be secured by Pledged Revenues on a parity with this Note. The District and the Trustee may deem and treat the registered owner hereof as the absolute owner hereof for the purpose of receiving payment of or on account of principal OHS West:260886960.2 B-2 Page 75
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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
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 and 48: Item No. 15 b. TOPIC DESCRIPTION RE
Page 49 and 50: of the District provided for or att
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: IN WITNESS WHEREOF, the Board of Su
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
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[FORM OF ASSIGNMENT] For value rece
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5. As of the date hereof, no event
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SCHEDULE I PARTICIPATING SCHOOL DIS
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SCHEDULE II PROCEEDS SUBACCOUNT AMO
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WHEREAS, in order to participate in
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Section 6. Conditions Precedent to
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herewith or with the transactions c
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EXHIBIT A SOUTH COAST LOCAL EDUCATI
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In addition to the foregoing, the u
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[Page Intentionally Left Blank] OHS
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PLACE: ELECTRONIC BIDS: Tamalpais A
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description of this undertaking is
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By making a bid for the Note Partic
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This Preliminary Official Statement
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___________________________________
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TABLE OF CONTENTS INTRODUCTION.....
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each Participant and Appendix A -
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The Participants The Participants a
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Participant, will be encumbered for
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MCCFD for each Participant is funde
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(I) That the Participant funded its
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with a maximum weighted average mat
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acceptances, with a maturity not to
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FINANCIAL INFORMATION REGARDING THE
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The Participants’ principal reven
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specifically defined geographic are
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Revision to the Original 2009-10 St
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implement several major solutions s
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10. The 2010-11 Proposed State Budg
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espect to a school district, the Co
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consult their own tax advisors with
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judgment of such rating agency, cir
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34 Page 189 22314.4 033985 POS
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(THIS PAGE INTENTIONALLY LEFT BLANK
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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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