Agenda Item
Meeting Date: 6/25/2018 - 7:00 PM
Category: Business/Action Item
Type: Action
Subject: 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
LCAP (Local Control Accountability Plan) Goal:
Policy:
Enclosure: 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)
File Attachment:
Trust Agmt.pdf
Site Lease.pdf
Lease Agmt.pdf
Assignment Agmt.pdf
PurchaseAgreement-MtDiabloCOP-5.22.18.pdf
Resolution 17_18-55 Certificates Of Participation Clean.pdf
Resolution 17_18-55 Certificates of Participation Marked Up.pdf
Summary: 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.
Funding:
Fiscal Impact
Recommendation: 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.
Approvals:
Recommended By:
Signed By:
Debbie Maher - Sr. Administrative Executive Assistant to the Superintendent
Signed By:
Rose Ramos - Chief Business Officer
Signed By:
Dr. Nellie Meyer - Superintendent
Vote Results:

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