HomeMy WebLinkAboutMINUTES - 07292014 - C.134RECOMMENDATION(S):
ADOPT Resolution No. 2014/267 authorizing the issuance and sale of "Contra Costa Community College District
General Obligation Bonds, Election of 2014, 2014 Series A" in an amount not to exceed $120,000,000 by the Contra
Costa Community College 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 Contra Costa Community College 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 July 23, 2014 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 June 3, 2014 ballot.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 07/29/2014 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: July 29, 2014
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Stephanie L. Mello, Deputy
cc: Lisa Driscoll, County Finance Director, John Palmer, Orrick Herrington & Sutcliffe, Steffi Chan, Orrick Herrington & Sutcliffe, Belinda Zhu, Assistant
County Treasurer
C.134
To:Board of Supervisors
From:David Twa, County Administrator
Date:July 29, 2014
Contra
Costa
County
Subject:CONTRA COSTA COMMUNITY COLLEGE DISTRICT GENERAL OBLIGATION BONDS, ELECTION OF
2014, 2014 SERIES A BONDS
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervisors authorization, the Community College District would not
be able to issue the bonds.
CHILDREN'S IMPACT STATEMENT:
Certain capital projects within the Contra Costa Community College District will not be completed.
ATTACHMENTS
Resolution No. 2014/267
Body of Resolution No. 2014/267
District Resolution