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creation of, structure, and charge for a proposed Capital Needs Advisory Task Force; and <br />discussed the potential need for the services of a qualified facilitator for the Task Force. The <br />Board subsequently requested additional information from staff and the two school systems for <br />continued discussion at a future meeting. <br />The Board further discussed this item at its April 21, 2015 meeting, and approved the <br />scheduling of a November 2016 Bond Referendum to address School Capital needs. The <br />Board also approved its intent for a bond package totaling approximately $125 million, and <br />supported the concept of a Bond Education Committee. This Committee's composition, <br />appointment process, and public outreach responsibilities will be discussed and decided on at <br />a future meeting. <br />Future debt capacity for a potential general obligation bond referendum can increase or <br />decrease due to the following circumstances: <br />• Future increases or decreases in interest rates <br />• Future changes or modifications to the capital investment plans of the County and /or <br />both School Districts <br />FINANCIAL IMPACT: There is no immediate financial impact related to the discussion of a <br />November 2016 Bond Referendum for School Capital needs. <br />RECOMMENDATION(S): The Manager recommends that the Boards discuss the issue of a <br />November 2016 Bond Referendum; discuss the Schools' older school assessment findings, and <br />provide direction to staff, as appropriate. <br />