RECOMMENDATION(S):
Acting as the Governing Board of the West Contra Costa Healthcare District: ACKNOWLEDGE the March 15, 2021 recommendations of the West Contra Costa Healthcare District Finance Committee to (a) ACCEPT and APPROVE the 2019/2020 Audited Financials (b) ACCEPT and APPROVE the 2019/2020 Successor Retirement Plan Audited Financials (c) APPROVE a resolution to initiate a tax conversion on the previously approved 2011 refunding bonds and (d) APPROVE the filing of Court documents to officially close the District Bankruptcy Plan.
FISCAL IMPACT:
Savings from the 2011 Bond Conversion will save $9.6 million over the life of the issuance
BACKGROUND:
On March 15, 2021 the Finance Committee of the West County Healthcare District met, reviewed and took action on the following items:
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