HomeMy WebLinkAboutMINUTES - 07242012 - C.88RECOMMENDATION(S):
ADOPT Resolution No. 2012/309 authorizing the the issuance and sale of "Pittsburg Unified School District General
Obligation Bonds, Election of 2010, Series B (2012)" by the Pittsburg Unified School District on its own behalf
pursuant to Sections 15140 and 15146 of the Education Code, as permitted by Section 53508.7(c) of the Government
Code.
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
The Pittsburg Unified 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 it's own behalf as authorized by Section 15140(b) of the
Education Code.
The District adopted a resolution on June 20, 2012 authorizing the sale and issuance of the bonds (attached). This
issuance was approved by the voters
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/24/2012 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE: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: July 24, 2012
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C. 88
To:Board of Supervisors
From:David Twa, County Administrator
Date:July 24, 2012
Contra
Costa
County
Subject:PITTSBURG UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION BONDS, ELECTION OF 2010, SERIES
B (2012)
BACKGROUND: (CONT'D)
as part of a bond proposition listed on the November 2, 2010 ballot.
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervisors authorization, the School District would not be able to
issue the bonds.
CHILDREN'S IMPACT STATEMENT:
Certain capital projects within the Pittsburg Unified School District will not be completed.
ATTACHMENTS
Resolution No. 2012/309
Body of Resolution No. 2012/309
District Resolution