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Meeting Date:
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6/25/2018 - 7:00 PM
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Category:
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Business/Action Items
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Type:
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Action
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Subject:
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17.5 Resolution No. 17/18-55 of the Board of Education of the Mt. Diablo Unified School District, Authorizing the Issuance and Sale of its 2018 Certificates of Participation, not to Exceed Twenty Million Dollars
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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District Board Resolution 17/18-55
Trust Agreement (draft)
Site Lease (draft)
Lease Agreement (draft)
Assignment Agreement (draft)
Purchase Agreement Mt. Diablo Certificates of Participation (draft)
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File Attachment:
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Summary:
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Consideration of a Resolution authorizing the issuance of Certificates of Participation (“COPs”) for the purpose of funding facilities projects throughout the District. The COPs will be repaid by excess special tax revenues, from Measure A, currently being received by the District.
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Funding:
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Fiscal Impact
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Recommendation:
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Approve Resolution No. 17/18-55 of the Board of Education of the Mt. Diablo Unified School District, authorizing the issuance and sale of its 2018 Certificates of Participation, not to exceed twenty million dollars.
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Approvals:
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Recommended By:
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Signed By:
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Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent
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Signed By:
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Rose Ramos - Chief Business Officer
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Signed By:
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Dr. Nellie Meyer - Superintendent
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Vote Results:
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| New Motion | | Member Brian Lawrence Moved, Member Linda Mayo seconded to approve the New motion 'Approve Resolution No. 17/18-55 of the Board of Education of the Mt. Diablo Unified School District, authorizing the issuance and sale of its 2018 Certificates of Participation, not to exceed twenty million dollars.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Linda Mayo | Yes | | Joanne Durkee | Yes | | Cheryl Hansen | Yes | | Brian Lawrence | Yes | | Debra Mason | Yes | |
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