HomeMy WebLinkAboutMINUTES - 06251996 - AJ1 IN THE BOARD OF SUPERVISORS
OF
CONTRA COSTA COUNTY, STATE OF CALIFORNIA
IN THE MATTER OF: )
Adjourning the meeting ) RESOLUTION 96/277
of the Board of Supervisors )
in Memory of Arnold Mazotti )
WHEREAS, Arnold Mazotti was a pioneer in the field of public finance, having worked in
the field for 40 years, and
WHEREAS, the most common instrument now used by school districts, cities and counties,
the Tax and Revenue Anticipation Note (TRAN), was developed by Arnold Mazzoti and
WHEREAS, Mr. Mazotti worked as Contra Costa County's financial adviser for two
decades. At the time when the County developed a big mid-year deficit, other financial
advisers abandoned the County. Arnold Mazzoti stuck by the County and helped it get
itself back on a sound financial footing, and
WHEREAS, today, Contra Costa County is one of the top-rated counties in the State as
evidenced by the fact that we recently obtained the most competitive rate achieved by any
county in the State when we sold our TRAN, in no small measure due to the advice and
guidance of Arnold Mazotti, and
WHEREAS,Arnold Mazotti worked with this County on creative financial alternatives which
would save the County money, one of which was the prepayment of our telephone costs
for a period of ten years which results in a savings of$20 million to the County, and
WHEREAS, the County has realized tens of millions of dollars of revenue due in part to
the good work of Arnold Mazzoti, and
WHEREAS, Arnold Mazotti was a man of integrity and a professional in every sense and
the citizens of Contra Costa County have benefitted from his service, and
WHEREAS, Arnold Mazotti died suddenly on Monday, June 24, 1996;
NOW, THEREFORE, BE IT BY THE BOARD OF SUPERVISORS OF THE COUNTY OF
CONTRA COSTA RESOLVED that the County honors the memory of Arnold Mazotti and
shows its great respect and affection for him by ADJOURNING the meeting of the Board
of Supervisors on Tuesday, June 25, 1996 in memory of Arnold Mazotti.
Witness my hand and the seal of the Board of
Supervisors affixed this twenty fifth day of June
1996.
Phil Batchelor, Clerk of the Board of Supervisors
and
Co�County Administrator
qL C