League-Sponsored Bond Agency Issues $5 Million in Tax-Exempt Bonds for Monte Vista Christian School
Aug 8, 2018
The California Statewide Communities Development Authority (CSCDA) announced the issuance of $5,000,000 in tax-exempt bonds for Monte Vista Christian School (MVCS) located in Watsonville.
About Monte Vista Christian School
Founded in 1926, MVCS is dedicated to being a premier Christian college preparatory school, empowering students to impact their world. MVCS embraces the future, was the first school in the world to adopt iPad technology, and is continually seeking to meet students where they are through impactful curriculum and innovative use of spaces. MVCS offers dedicated, caring, professional educators and a first-class, college-like campus experience.
CSCDA partnered with Stifel, Santa Cruz County Bank and Squire Patton Boggs to provide the $5,000,000 in tax-exempt bonds for MVCS. The bonds will be used to finance an approximately 16,600 square feet multi-purpose building that will include a main performance/assembly space with a stage and retractable seating to accommodate a variety of layouts and events. It will also include separate large classrooms for group vocal and instrumental arts instruction, as well as smaller spaces for individual vocal/instrumental practice.
Background
CSCDA is a joint powers authority created in 1988 and is sponsored by the League of California Cities® and the California State Association of Counties. It was created by cities and counties for cities and counties. More than 530 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects. CSCDA has issued more than $60 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services. Visit CSCDA’s website for additional information on the ways in which CSCDA can help your city.
About Monte Vista Christian School
Founded in 1926, MVCS is dedicated to being a premier Christian college preparatory school, empowering students to impact their world. MVCS embraces the future, was the first school in the world to adopt iPad technology, and is continually seeking to meet students where they are through impactful curriculum and innovative use of spaces. MVCS offers dedicated, caring, professional educators and a first-class, college-like campus experience.
CSCDA partnered with Stifel, Santa Cruz County Bank and Squire Patton Boggs to provide the $5,000,000 in tax-exempt bonds for MVCS. The bonds will be used to finance an approximately 16,600 square feet multi-purpose building that will include a main performance/assembly space with a stage and retractable seating to accommodate a variety of layouts and events. It will also include separate large classrooms for group vocal and instrumental arts instruction, as well as smaller spaces for individual vocal/instrumental practice.
Background
CSCDA is a joint powers authority created in 1988 and is sponsored by the League of California Cities® and the California State Association of Counties. It was created by cities and counties for cities and counties. More than 530 cities, counties and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects. CSCDA has issued more than $60 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services. Visit CSCDA’s website for additional information on the ways in which CSCDA can help your city.