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| Meeting Date: |
Tuesday, March 09, 2010 - 7:30 PM |
| Category:
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Business/Action Items |
| Type:
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Action |
| Subject:
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14.4 Resolution ordering an election to authorize up to $348 million of General Obligation Bonds and establish specifications of the election order. |
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| Enclosure:
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Resolution |
| File Attachment:
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| Summary:
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The Board has determined that properties and facilities within the District need to be constructed and improved and that certain equipment be purchased in order to enhance the educational opportunities of the students the District served. The Board further determines that it is advisable to consider energy efficiency measures, including solar technology, to provide General Fund relief.
Authorization from the Board is required to order the Contra Costa County Clerk Registrar of Voters to call an election on June 8, 2010, on the question of whether bonds of the District in the aggregate principal amount not to exceed $348 million shall be issued and sold for the purpose of raising money for the specifically identified projects. |
| Funding:
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General Fund |
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Fiscal Impact:
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The estimated cost for the District's share of the election is approximately $285,000. There may be additional costs depending on the projects that are included. |
| Recommendation:
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Approve resolution as presented. |
| Approvals:
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Recommended By: |
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Signed By: |
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Greg Rolen, Esq. - General Counsel |
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Signed By: |
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Steven Lawrence - Superintendent |
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| Vote Results:
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| Original Motion | | Member (Gary Eberhart) Moved, Member (Paul Strange) seconded to approve the Original motion 'Approve resolution as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion CARRIED 5 - 0 | | | | | Gary Eberhart | Yes | | Linda Mayo | Yes | | Paul Strange | Yes | | Richard Allen | Yes | | Sherry Whitmarsh | Yes | |
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