HomeMy WebLinkAboutMINUTES - 04272010 - C.60RECOMMENDATION(S):
ADOPT Resolution 2010/204 authorizing, on behalf of the Walnut Creek School District,
the sale and issuance of General Obligation Bonds, Election of 2002 Series D (2010) in an
amount not to exceed $4,000,000.
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 5, 2002.
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.
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, 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: B. BINS - TREASURER-TAX COLLECTOR, L. DRISCOLL - COUNTY ADMINISTRATOR, M. BATTLE - WALNUT CREEK SCHOOL DISTRICT,
M. RULLODA - AUDITOR-CONTROLLER, B. QUINT - QUINT & THIMMING LLP, R. ALAHYDOIAN - KNN PUBLIC FINANCE
C.60
To:Board of Supervisors
From:David Twa, County Administrator
Date:April 27, 2010
Contra
Costa
County
Subject:WALNUT CREEK SCHOOL DISTRICT GENERAL OBLIGATION BONDS, ELECTION OF 2002
SERIES D (2010) - $4,000,000
ATTACHMENTS
Resolution No. 2010/204
Body of Resolution
2010/204
District Resolution