HomeMy WebLinkAboutMINUTES - 02242009 - C.98RECOMMENDATION(S):
ADOPT Resolution 2009/48 authorizing, on behalf of Pittsburg Unified School District, the
sale and issuance of General Obligation Bonds, Election of 2006, Series B, in a principal
amount not to exceed $35,000,000.
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
Under state law, the Contra Costa County Board of Supervisors is required to authorize the
sale and issuance of General Obligation bonds for school districts within the County. No
financial obligation is assumed with these authorizations.
The School District is issuing these bonds on authority granted by voter approval on
November 7, 2006.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 02/24/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Lisa Driscoll (925)
335-1023
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: February 24, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: Lisa Driscoll, County Finance Director, Brice Bins, Assistant Treasurer, Steve Ybarra, County Auditor-Controller
C.98
To:Board of Supervisors
From:David Twa, County Administrator
Date:February 24, 2009
Contra
Costa
County
Subject:PITTSBURG UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION BONDS
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervisors authorization, the School District
would not be able to issue the bonds, thereby delaying or preventing the implementation
of projects approved by voters.
ATTACHMENTS
Resolution No. 2009/48
Exhibit A
Exhibit B
District Resolution 08-34