RECOMMENDATION(S):
ADOPT Resolution No. 2018/162 authorizing the issuance and sale of "Lafayette School District General Obligation Bonds, Election of 2016, Series B (2018)" in an amount not to exceed $40,000,000 by the Lafayette School District on its own behalf pursuant to Section 15140(b) of the Education Code
FISCAL IMPACT:
There is no fiscal impact to the County.
BACKGROUND:
The Lafayette 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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