Agenda Item
Meeting Date: 1/23/2012 - 7:30 PM
Category: Consent Items Pulled for Discussion
Type: Action
Subject: 10.2 (Item #19) Resolution 11/12-31 Confirming the Costs of Bond Sale Respecting Mt. Diablo Unified School District General Obligation Refunding Bonds, Election of 2002, Series B
LCAP (Local Control Accountability Plan) Goal:
File Attachment:
11-12-31 Mt Diablo USD 2004 Ref Bonds Post Sale Reso.pdf
Summary: Consideration of a resolution confirming the costs of issuance of the recently sold General Obligation Refunding Bonds, 2002 Election, Series B which were issued in order to decrease the interest rate and generate taxpayers' saving on the District's General Obligation Bonds, Election of 2002, Series 2004.
Fiscal Impact No impact on the District as all of the cost of the bond sale were paid from moneys raised through the the sale of the bonds. The taxpayers within the District will appreciate a decrease in the tax levy to pay debt service on the District's bonds as a result of the bond sale.
Recommendation: Adopt resolution 11/12-31 as presented.
Recommended By:
Signed By:
Loreen Joseph - Secretary to the Superintendent
Signed By:
Steven Lawrence - Superintendent
Vote Results:

Original Motion
Member Gary Eberhart Moved, Member Lynne Dennler seconded to approve the Original motion 'Approve MOU 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
Sherry Whitmarsh     Yes
Lynne Dennler     Yes
Cheryl Hansen     Yes