TO: Board of Supervisors
FROM: Ryan J. Alsop, County Executive Officer
REPORT BY: Thomas C. Zeleny, Chief Deputy County Counsel
SUBJECT: Napa Valley Unified School District General Obligation Bonds
RECOMMENDATION
title
Adopt a Resolution authorizing the Napa Valley Unified School District to issue general obligation bonds for School Facilities Improvement Districts No. 1 and No. 2, without further approval of the Board of Supervisors or officers of Napa County.
body
BACKGROUND
On May 3, 2022, the Board of Supervisors authorized the Napa Valley Unified School District to create school facilities improvement districts pursuant to Napa County Resolution No. 2022-59. On June 23, 2022, the School District formed School Facilities Improvement District No. 1 ("District No. 1"), generally consisting of School District territory within the City of Napa and nearby unincorporated area of Napa County, and School Facilities Improvement District No. 2 ("District No. 2"), generally consisting of School District territory within the City of American Canyon and nearby unincorporated area of Napa County.
At the General Election held on November 8, 2022, voters approved Measure "A2" authorizing the School District to issue and sell up to $25 million in general obligation bonds for various school improvements in District No. 2. At the General Election held on November 5, 2024, the voters approved Measure "B" authorizing the School District to issue and sell up to $230 million in general obligation bonds for various school improvements in District No. 1.
On March 13, 2025, the Board of Education of the School District adopted Resolution Nos. 25-29 and 25-30 ("District Resolutions") authorizing the issuance of Election of 2024, Series A Bonds for up to $80 million for District No. 1 and Election of 2022, Series B Bonds for up to $12.5 million for District No. 2. Copies of the adopted District Resolutions are attached. The Board of Supervisors previously approved the issuance a...
Click here for full text