HomeMy WebLinkAboutMINUTES - 02042014 - C.68RECOMMENDATION(S):
ADOPT Resolution No. 2014/41 authorizing the issuance and sale of "Martinez Unified School District General
Obligation Bonds, Election of 2010, Series 2014" in an amount not to exceed $45,000,000 by Martinez 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 Martinez 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 December 9, 2013 authorizing the sale and issuance of the bonds (attached).
This issuance was approved by the voters as part of a bond measure listed on the November 2, 2010 ballot.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 02/04/2014 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: February 4, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie L. Mello, Deputy
cc:
C. 68
To:Board of Supervisors
From:David Twa, County Administrator
Date:February 4, 2014
Contra
Costa
County
Subject:MARTINEZ UNIFIED SCHOOL DISTRICT GENERAL OBLIGATION BONDS, ELECTION OF 2010, SERIES
2014
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 Martinez Unified School District will not be completed.
ATTACHMENTS
Resolution No. 2014/41
Body of Resolution No. 2014/41
District Resolution No. 2014-4
District Resolution No. 2014-7
C.68