RECOMMENDATION(S):
ADOPT Resolution No. 2016/343 authorizing the issuance and sale of "Acalanes Union High School District General Obligation Bonds, Election of 2008, Series 2016C" in an amount not to exceed $15,200,000 by the Acalanes Union High School District on its own behalf pursuant to Sections 15140(b) of the Education Code.
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
The Acalanes Union High School 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 its own behalf as authorized by Section 15140(b) of the Education Code.
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