HomeMy WebLinkAboutRESOLUTIONS - 11012016 - 2016/630RECOMMENDATION(S):
ADOPT Resolution No. 2016/630 authorizing the issuance and sale of "Brentwood Union
School District General Obligation Bonds, Election of 2016, Series 2016" in an amount not
to exceed $25,000,000 by the Brentwood Union School District on its own behalf pursuant
to Section 15140(b) of the Education Code.
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
The Brentwood Union School District intends to issue General Obligation bonds to fund
capital improvements throughout the District. The District has requested that the Board of
Supervisors adopt a resolution authorizing the direct issuance and sale of bonds by the
District on its own behalf as authorized by Section 15140(b) of the Education Code.
The District adopted a resolution on October 26, 2016 authorizing the sale and issuance of
the bonds (copy attached). This issuance was approved by the voters as part of a
$158,000,000 bond measure listed on the June 7, 2016 ballot.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 11/01/2016 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Timothy Ewell,
925-335-1036
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: November 1, 2016
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie Mello, Deputy
cc:
C. 56
To:Board of Supervisors
From:David Twa, County Administrator
Date:November 1, 2016
Contra
Costa
County
Subject:Brentwood Union School District General Obligation Bonds, Election of 2016, Series 2016
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervisors authorization, the School District
would not be able to issue the bonds as proposed.
CHILDREN'S IMPACT STATEMENT:
The recommendation supports the following Children's Report Card outcome:
Communities that are Safe and Provide a High Quality of Life for Children and Families.
ATTACHMENTS
Resolution No. 2016/630
District Resolution
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