REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF THE COUNTY OF SAN BERNARDINO
AND RECORD OF ACTION
October 8, 2019
FROM
MATTHEW ERICKSON, County Chief Financial Officer, Finance and Administration
SUBJECT
Title v
California Public Finance Authority Tax-Exempt Financing for the Benefit of Excelsior Charter Schools
End
RECOMMENDATION(S)
Recommendation
1. Conduct a Tax Equity and Fiscal Responsibility Act public hearing regarding the issuance of one or more series of revenue bonds in an aggregate principal amount not to exceed $12 million, for the purpose of refinancing and/or financing the costs of the acquisition, construction, improvement, renovation, and equipping of educational and related facilities located at 1135-1145 North Church Street, Redlands, California 92374, each located within the County of San Bernardino.
2. Adopt Resolution approving the Joint Powers Agreement providing for County of San Bernardino membership in the California Public Finance Authority, and approving the issuance of one or more series of revenue bonds in an aggregate principal amount not to exceed $12 million, for the purpose of refinancing and/or financing the costs of the acquisition, construction, improvement, renovation, and equipping of educational and related facilities located at 1135-1145 North Church Street, Redlands, California 92374, each located within the County of San Bernardino.
(Presenter: Amanda Trussell, Principal Administrative Analyst, 387-5423)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Ensure Development of a Well-Planned, Balanced, and Sustainable County.
Provide for the Safety, Health and Social Service Needs of County Residents.
Pursue County Goals and Objectives by Working with Other Agencies.
FINANCIAL IMPACT
Bonds issued under this resolution are limited obligations of the California Public Finance Authority (CPFA) payable solely from revenues and other funds pledged therefor.
Pursuant to Section 8 of the joint exercise...
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