HomeMy WebLinkAboutMINUTES - 04272010 - C.58RECOMMENDATION(S):
ADOPT Resolution 2010/158 authorizing, on behalf of the Liberty Union High School
District, the sale and issuance of Tax and Revenue Anticipation Notes (TRANs) in an
amount not to exceed $10,000,000.
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 TRANs for school districts within the County. No financial obligation
is assumed with these authorizations. The County’s Treasurer/Tax Collector is the paying
agent for these notes.
The School District is issuing these TRANs to meet financial needs of the District for fiscal
year 2009-2010.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 04/27/2010 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: April 27, 2010
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: M. RULLODA - AUDITOR-CONTROLLER, B. QUINT - QUINT & THIMMING LLP, L. DRISCOLL - COUNTY ADMINISTRATOR, B. BINS -
TREASURER-TAX COLLECTOR, R. MILLER - LIBERTY UNION HSD, R. ALAHYDOIAN - KNN PUBLIC FINANCE
C.58
To:Board of Supervisors
From:David Twa, County Administrator
Date:April 27, 2010
Contra
Costa
County
Subject:LIBERTY UNION HIGH SCHOOL DISTRICT $10,000,000 FY 2009-2010 TAX AND REVENUE
ANTICIPATION NOTES
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervisors authorization, the School District
would not be able to issue the bonds.
ATTACHMENTS
Resolution No. 2010/158
Body of Resolution
2010/158
District Resolution