HomeMy WebLinkAboutRESOLUTIONS - 08061991 - 91-492 CONTRA COSTA COUNTY BOARD OF SUPERVISORS
RESOLUTION NO. 91/492
RESOLUTION APPROVING BOND PURCHASE AGREEMENT
AND ORDERING SALE OF BONDS
1991 GENERAL OBLIGATION BONDS OF
BRENTWOOD UNION SCHOOL. DISTRICT
The Board of Supervisors of the County of Contra Costa
resolves:
The Board of Supervisors accepts the offer to purchase all
of the 1991 General Obligation Bonds to be issued in Brentwood
Union School District in. accordance with the purchase agreement
attached hereto as Exhibit A and by reference incorporated herein.
The Superintendent of the Brentwood Union School District
is authorized to approve the maturity schedule, interest rates,
bond date and closing date for the delivery of bonds provided that
the net interest rate on the bonds does not exceed 8.5% per annum.
The Board of Supervisors directs the sale and delivery of
the bonds to the offeror in accordance with the terms and
conditions stated in the offer, and authorizes the District
Superintendent to approve the bond purchase agreement if the
principal amount of bonds sold does not exceed $5, 000, 000, if the
interest rate of said bonds does not exceed 8.5% per annum and if
the underwriter's discount does not exceed 3%.
PASSED BY THE BOARD on August 6 ,1991 by the following
vote:
AYES : Supervisors Fanden, Schroder, McPeak, Torlakson,
Powers
NOES : None
ABSTAIN: None
ABSENT: None
I HEREBY CERTIFY that the foregoing resolution was duly and
regularly adopted by the Board of Supervisors of the County of
Contra Costa, State of California, at regular meeting thereof, held
on the 6th day of August, 1991.
ATTEST:
PHIL BATCHELOR, Clerk of the
Board of Supervisors and
County
Administrat r
By
RESOLUTION NO. 91/492