HomeMy WebLinkAboutMINUTES - 02151994 - 1.61 - ° Contra
Costa
TO: BOARD OF SUPERVISORS �u /
T C �� s „�
FROM: Harvey E. Bragdon
Director of Community Development
DATE: February 15, 1993
SUBJECT: Designation of Investment Banker - Mello-Roos Bonds
(Cypress Lakes Project)
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
DESIGNATE Stone & Youngberg as the Investment Banker for a prospective
Mello-Roos Special Tax Bonds for the Cypress Lakes project (Chartered „
Land & Cattle Company) , Bethel Island area.
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR RECOMMENDATIONS
In July of 1993 the Board of Supervisors approved the rezoning
subdivision and Final Development Plan for the Cypress Lakes project
in the Bethel Island area. The project will require major
infrastructure improvements. The developer has approached the County
relative to financing some portion of the infrastructure obligations
through the issuance of Mello-Roos Community Facilities Bonds, and a
special tax imposed pursuant thereto. In order to structure a issue
CONTINUED ON ATTACHMENT: XX YES SIGNATURE: Z/2
RECOMMENDATION OF COUNTY ADMINISTRATOR RECO ATION O BOARD COMAITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON February 15 , 1994 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Jim Kennedy
646-4076
ca: Community Development
County Administrator ATTESTED February 15 , 1994
County Counsel PHIL BATCHELOR, CLERK OF
County Treasurer THE BOARD OF SUPERVISORS
Auditor-Controller AN COUNTY ADMINISTRATOR
via Community Development
Chartered Land & Cattle Co. -
Stone & Youngberg BY , DEPUTY
JK:1h
sra12/stone.bos
such bonds, an investment banker will be required. Pursuant to the
Board's adopted policies for the retention of financial advisors
and investment bankers (adopted in January of 1990) , the staff is
recommending Stone & Youngberg as the investment banker. This
recommendation is being forwarded on behalf of the County's Debt
Advisory Committee which includes representatives of the County
Administrator, Auditor-Controller, and the Community Development
Director.