Oakley Union Elementary
School District, California
General Obligation Bonds, Ser A 2017

Oakley Union Elementary School District / Contra Costa County

Invest in the Oakley Union Elementary School District to help finance the cost of acquisition and construction of educational facilities.


Issuance characteristics
  • Contains callable maturities
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    The Bonds are being issued to (a) finance the acquisition and construction of educational facilities and projects which were described in the ballot measure approved by the electors of the District on November 8, 2016, which authorized the issuance of general obligation bonds to improve local elementary and middle schools with funding that cannot be taken by the State; add classrooms to prevent overcrowding, including a new elementary school; provide classroom instructional technology; repair, replace/update classrooms and educational facilities (the "Project"), in the maximum aggregate principal amount of $31,000,000 (the "2016 Authorization"), and (b) pay for costs of issuance of the Bonds. The Bonds represent the first issue under the 2016 Authorization.

  • Obligor

    Oakley Union Elementary School District

  • Issuer

    Oakley Union Elementary School District

  • Authority

    The Bonds are being issued by the District pursuant to the provisions of Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 (commencing with section 53506) of the California Government Code and a resolution adopted by the Governing Board of the District (the "Governing Board") on June 21, 2017 (the "Resolution").

  • Security

    The Bonds constitute general obligations of the District payable solely from ad valorem property taxes levied and collected by the County. The Board of Supervisors of the County is empowered and is obligated to annually levy ad valorem taxes for the payment of the Bonds and the interest thereon upon all property in the District subject to taxation by the District without limitation of rate or amount (except certain personal property which is taxable at limited rates). See "SECURITY AND SOURCE OF PAYMENT FOR THE BONDS."

About the issuer

Contact information

Ratings

Ratings

AA-

S&P

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is a co-manager on this issuance.
Municipal Advisors
KNN Public Finance LLC
Bond Counsel
Quint & Thimmig LLP
Paying Agent
Bank of NY Mellon Trust