RECOMMENDATION(S):
ADOPT, as the Governing Board of the County of Contra Costa Public Financing Authority, Resolution number 2009/208, authorizing the issuance and sale of lease revenue bonds (Capital Projects Program), 2009 Series A in a principal amount not to exceed $31,000,000 to finance various capital projects, authorizing the forms of and directing the execution and delivery of a Trust Agreement, a Site Lease, a Sublease, a Bond Purchase Contract and related financing documents; and authorizing the taking of necessary actions and the execution of necessary documents in connection therewith.
FISCAL IMPACT:
Estimated costs and sources of funding for the projects to be financed have been previously approved by the Board of Supervisors and meet the County’s newly established Debt Management Policy. The amortization term is approximately 15 years with level debt service. The maximum principal amount for 2009 Series A is $31,000,000. The uses of bond proceeds are for acquisition, construction, improvement, and/or equipping of: Central County Employment and Human Services Department (300, 400, and 500 Ellinwood Way, Pleasant Hill), Employment and Human Services Building (4545 Delta Fair Blvd, Antioch), and the Martinez Health Clinic (2500 Alhambra Ave., Martinez).
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