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Meeting Date:
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1/23/2012 - 7:30 PM
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Category:
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Consent Items Pulled for Discussion
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Type:
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Action
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Subject:
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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
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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File Attachment:
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Summary:
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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.
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Funding:
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Fiscal Impact
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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.
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Recommendation:
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Adopt resolution 11/12-31 as presented.
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Approvals:
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Recommended By:
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Signed By:
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Loreen Joseph - Secretary to the Superintendent
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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 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 | |
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