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C. 54

To:	Board of Supervisors
From:	David Twa, County Administrator
Date:	April 26, 2016

Contra

Costa

County

Subject:

Acalanes Unified High School District General Obligation Bonds, Election of 2008, Series 2016C

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 04/26/2016

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Timothy Ewell, 925-335-1036

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: April 26, 2016
David Twa,

BY:	, Deputy

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.

BACKGROUND: (CONT'D)

The District adopted a resolution on April 20, 2016 authorizing the sale and issuance of the bonds (copy attached). This issuance was approved by the voters as part of a bond measure listed on the November 4, 2008 ballot.

CONSEQUENCE OF NEGATIVE ACTION:

Without the Contra Costa County Board of Supervisors authorization, the School District would not be able to issue the bonds.

CHILDREN'S IMPACT STATEMENT:

The recommendation supports the following Children's Report Card outcome: Communities that are Safe and Provide a High Quality of Life for Children and Families.