HomeMy WebLinkAboutRESOLUTIONS - 05241988 - 88-300 RESOLUTION NO. 88/300
-RESOLUTION OF THE BOARD OF SUPERVISORS
OF THE COUNTY OF CONTRA COSTA DETERMINING
TO PROCEED WITH THE ISSUANCE AND SALE
OF 1988-1989 TAX AND REVENUE ANTICIPATION
NOTES AND AUTHORIZING COUNTY OFFICIALS TO TAKE
ALL NECESSARY STEPS TO IMPLEMENT SUCH ISSUANCE.
WHEREAS, pursuant to Section 53850 et seq. of the
Government Code of the State of California, the County of
Contra Costa (the "County" ) may borrow money by the issuance
of temporary notes in anticipation of the receipt of taxes,
income, revenue, cash receipts and other moneys to be received
by the County for the General Fund of the County during or
attributable to Fiscal Year 1988-1989; and
WHEREAS, it is necessary and desirable for the
appropriate County Officials to be authorized to take such
actions as may be necessary to accomplish such borrowing;
NOW, THEREFORE, the Board of Supervisors of the
County of Contra Costa hereby resolve as follows:
Section 1. This Board of Supervisors hereby
determines to issue not to exceed one hundred ten million dollars
($110, 000, 000) of County of Contra Costa 1988-1989 tax and
revenue anticipation notes, upon such terms and conditions as
shall be subsequently approved by resolution of this Board of
Supervisors.
Section 2 . The County Administrative Officer,
County Treasurer and County Auditor be and they are hereby
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authorized and directed to take all necessary actions to
implement such borrowing, including arranging for the
preparation of the resolution of issuance of said notes and
other necessary legal documents, the preparation of an
official statement describing said notes, the obtaining of
ratings from bond rating agencies on said notes and related
actions.
PASSED AND ADOPTED by the Board of Supervisors of
the County of Contra Costa this 24th day of May, 1988, by the
following vote:
AYES: Supervisors Powers, Fanden, McPeak, Torlakson and Schroder
NOES: None
ABSENT- Phone
Cha' of the Board of Sup rvisors
of the County of Contra Co a
(Seal )
ATTEST:
Cq.
Clerk of thBo rd of Supervisors
and County Lministrator
2
4454S
CLERK' S CERTIFICATE
I , J. 0. Maglio Deputy Clerk and
Chief Clerk of the Board of Supervisors of the County of
Contra Costa, hereby certify that the foregoing is a full,
true and correct copy of a resolution duly adopted at a
regular meeting of the Board of Supervisors of said County
duly and regularly held at the regular meeting place thereof
on the 24th day of May, 1988, of which meeting all of the
members of said Board of Supervisors had due notice and at
which a majority thereof were present; and that at said
meeting said resolution was adopted by the following vote :
AYES: Supervisors Powers, Fanden, McPeak, Torlakson and Schroder
NOES: None
ABSENT: None
An agenda of said meeting was posted at least 72
hours before said meeting at 651 Pine Street, Lobby ,
Martinez, California, a location freely accessible to members
of the public, and a brief general description of said
resolution appeared on said agenda.
I further certify that I have carefully compared the
same with the original minutes of said meeting on file and of
record in my office; that the foregoing resolution is a full,
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f
true and correct copy of the original resolution adopted at
said meeting and entered in said minutes; and that said
resolution has not been amended , modified or rescinded since
the date of its adoption and the same is now in full force
and effect .
Witness my hand and the seal of the County of Contra
Costa this 26th day of May 1988.
J. 0. Maglio
Deputy Clerk of the Board of
Supervisors of the County of
Contra Costa, State of
California