Agenda

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FINANCE COMMITTEE

Meeting Date:	06/01/2015
Subject: Lease Revenue Bonds (Refunding and Capital Projects) Series 2015A and 2015B
Submitted For:	David Twa
Department:	County Administrator
Referral No.:	N/A
Referral Name:	Lease Revenue Bonds (Refunding and Capital Projects) Series 2015A and 2015B
Presenter:	Timothy Ewell, 925-335-1036	Contact:	Timothy Ewell, 925-335-1036

Information

Referral History:

The County Administrator's Office brings debt issuance items to the Finance Committee for review and discussion on an as needed basis. The new capital projects discussed today have been approved previously. Specifically, the solar panel project was approved by the Finance Committee and the West County Clinic Expansion project was approved by the Joint Conference Committee.

Today's action is only related to the proposed financing for the projects above and the refunding of existing debt.

Referral Update:

See attached staff report.

Recommendation(s)/Next Step(s):

1. APPROVE and AUTHORIZE the issuance of 2015 Lease Revenue Bonds, in the approximate amount of $71 million fund new capital projects, including the acquisition and installation of solar panels in certain county facilities and an expansion of the West County Health Clinic, and refunding of existing debt at a savings to the County.

2. FORWARD recommendation to the Board of Supervisors.

Attachments
Staff Report