The Midway Elementary School District General Obligation Bonds, Election of 2004, Series 2004A (the Bond) were authorized at an election of the registered voters of the Midway School District held on March 2, 2004, at which more than fifty-five percent of the persons voting on the proposition voted to authorize the issuance and sale of $7,8000,000 principal amount of general obligation Bonds of the District. The Bonds were issued under the laws of the State of California and pursuant to resolutions of the District and the Board of Supervisors of the County of Kern, California. The initial issuance, in the principal amount of $4,999,986 (Series A), was made on July 27, 2004. The District issued an additional $1,124,996 on or about December 16, 2005 (Series B) and a final amount of $1,674,993 on or about November 29, 2006 (Series C).

The proceeds of the Bonds will be used to modernize classrooms, make health and safety improvements, upgrade electrical systems to improve student access to modern technology, construct and expand student support facilities, upgrade plumbing, heating, ventilation, and air conditioning throughout the District.

The bonds are general obligations of the District, payable solely from ad valorem property taxes. The Board of Supervisors of the County are empowered and obligated to levy ad valorem taxes, without limitation of rate or amount, upon all property subject to taxation by the District (except certain personal property which is taxable at limited rates), for the payment of interest on and principal or accreted value of the Bonds when due.

The Resolution for the Midway School Board to Establish a Citizens Oversight Committee is on file at the Midway School District Office. Along with that are all the Full Disclosure Summaries from 2005 through 2010. The Oversight Committee notes and documents are also on file at the District Office.

If you would like a copy of an item please mail your request to: Greg Coker, Midway School District, PO Box 39, Fellows, CA 93224.