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On Wednesday, leaders of the Pajaro Valley Unified School District approved the sale of $80 million in bond to fund multiple projects.      The value of the bond is more than half of what was approved by voters back in November, and the district plans to use the cash for a number of district wide school improvement ventures.      Bond rates are expected to be in the range of 2.3% to 2.5%.    The first projects, including new playground equipment could begin as early as this spring.