Meeting Date:   3/9/2010 - 7:30 PM
Category:   Business/Action Items
Type:   Action
Subject:   14.4 Resolution ordering an election to authorize up to $348 million of General Obligation Bonds and establish specifications of the election order.
Strategic Plan
Policy:  
Enclosure Resolution
File Attachment:  
Resolution Ordering an Election Revised.pdf
Summary 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 General Fund
Fiscal Impact 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 Approve resolution as presented.
Approvals:  
Recommended By:
Signed By:
Greg Rolen, Esq. - General Counsel
Signed By:
Steven Lawrence - Superintendent
Vote Results:  

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