CCSD BOA REVI ARD OF TR ISED AGEN RUSTEES NDA

and to use the proceeds of the sale of the Installment Funding Bonds for such purposes, including the
costs related to the issuance of the Installment Funding Bonds.
Pending the issuance of the Installment Funding Bonds and the receipt of the proceeds thereof,
the Board has determined to issue its Series 2016A Notes in the principal amount of not exceeding
$44,000,000 to provide funds to pay the purchase price due under the 2004 Facilities Agreement, as
amended and supplemented by the 2013A Supplemental Facilities Agreement, the 2013B Facilities
Agreement and the 2014 Facilities Agreement on May 17, 2016, net of any amounts available to be
applied thereto, to pay the costs of the Improvements, and to pay the costs of issuance of the Series
2016A Notes.
Section 1.07
Determination To Issue Series 2016B Notes and Sales Tax Bonds – Phase III.
In order to provide funds to pay the principal and interest due on the Series 2015B Note, the
Board has determined to issue its general obligation bonds (the "Sales Tax Bonds – Phase III") in a
principal amount of not exceeding $29,000,000 and to use the proceeds of the sale of the Sales Tax Bonds
- Phase III for such purposes, including the costs related to the issuance of the Sales Tax Bonds – Phase
III.
Pending the issuance of the Sales Tax Bonds – Phase III and the receipt of the proceeds thereof,
the Board has determined to issue its Series 2016B Notes in the principal amount of not exceeding
$27,000,000 to provide funds to pay the principal and interest due on the Series 2015B Note at maturity
and to pay the costs of issuance of the Series 2016B Notes. The Board shall not be required to issue the
Sales Tax Bonds – Phase III to the extent that it holds revenues from the Sales and Use Tax – Phase III in
an amount sufficient to pay the principal of and interest on the Series 2016B Notes when due.
Section 1.08
Determination To Issue Series 2016C Notes and Sales Tax Bonds – Phase IV.
In order to provide funds to pay the principal and interest due on the Series 2015C Note and to
pay a portion of the costs of the construction, renovation and equipping of the Sales Tax Projects - Phase
IV, the Board has determined to issue its general obligation bonds (the "Sales Tax Bonds - Phase IV") in a
principal amount of not exceeding $61,500,000 and to use the proceeds of the sale of the Sales Tax Bonds
- Phase IV for such purposes, including the costs related to the issuance of the Sales Tax Bonds - Phase
IV.
Pending the issuance of the Sales Tax Bonds - Phase IV and the receipt of the proceeds thereof,
the Board has determined to issue its Series 2016C Notes in the principal amount of not exceeding
$59,000,000 to provide funds to pay the principal and interest due on the Series 2015C Note at maturity,
to pay a portion of the costs of the construction, renovation and equipping of the Sales Tax Projects -
Phase IV and to pay the costs of issuance of the Series 2016C Notes. The Board shall not be required to
issue the Sales Tax Bonds - Phase IV to the extent that it holds revenues from the Sales and Use Tax –
Phase IV in an amount sufficient to pay the principal of and interest on the Series 2016C Notes when due.
[End of Article I]
2/22/16 Board Agenda Agenda Item 9.5B
(A&F D-IX)
9
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