County of san diego board of supervisors regular meeting tuesday, november



Download 331.5 Kb.
Page6/7
Date08.12.2018
Size331.5 Kb.
1   2   3   4   5   6   7

22.

SUBJECT:

NOTICED PUBLIC HEARING:

ISSUANCE OF BONDS OR EXECUTION OF A LOAN TRANSACTION BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY FOR THE CHILDREN’S SCHOOL FOR CHILD-CENTERED EDUCATION, INC. IN AN AGGREGATE AMOUNT NOT TO EXCEED $3,000,000 (DISTRICT: 3)




OVERVIEW:




<The County has received a request from the California Municipal Finance Authority (the “Authority”) to conduct a public hearing as required by the Internal Revenue Code and to approve the Authority’s issuance of revenue obligations or execution of a loan transaction in an aggregate principal amount not to exceed $3,000,000 (the “Financing”), on behalf of The Children’s School for Child Centered Education, Inc., a nonprofit corporation duly organized and existing under the laws of the State of California (the “Borrower”). The Borrower will use the proceeds of the Financing to refinance the construction, acquisition, installation, renovation, rehabilitation and improvement of real property and educational facilities and equipment located at 2225 Torrey Pines Lane, La Jolla, California 92037, and to pay certain costs of issuance in connection with the issuance of the Financing (the “Project”).

The Authority is authorized to assist in financing for nonprofit public benefit organizations wishing to issue revenue obligations, including the Borrower. In order to initiate such a financing, a member jurisdiction in which the Project resides, i.e., the County of San Diego, must: (1) conduct a public hearing to satisfy the public approval requirement of Section 147(f) of the Internal Revenue Code; and (2) approve the Authority’s issuance of the Obligations. Although the Authority will be the issuer of the obligations for the Borrower, the financing cannot proceed without the approval of the County of San Diego. Today’s recommendations will provide the Authority with the required authorization to pursue its determination to move forward with the Financing on behalf of The Children’s School for Child-Centered Education, Inc. for the Project. >






FISCAL IMPACT:




<If approved, the proposal will result in $1,000 of unanticipated revenue to be used to reimburse the County for costs associated with this non-County financing.

The Borrower will be responsible for the payment of all present and future costs in connection with issuance of the Financing. The County will incur no obligation of indebtedness as a result of these actions. >






BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




CHIEF ADMINISTRATIVE OFFICER

  1. Pursuant to Section 147(f) of the Internal Revenue Code, hold a public hearing regarding the financing of the Project.

  2. Adopt a resolution entitled:

RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO AUTHORIZING AND APPROVING THE ISSUANCE OF BONDS, OR EXECUTION OF A LOAN TRANSACTION, BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY FOR THE BENEFIT OF THE CHILDREN'S SCHOOL FOR CHILD-CENTERED EDUCATION, INC. IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $3,000,000 FOR THE PURPOSE OF REFINANCING THE COST OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN PROPERTY, PROVIDING THE TERMS AND CONDITIONS FOR SUCH BONDS OR LOAN AND OTHER MATTERS RELATING THERETO.




ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board closed the Hearing and took action as recommended, on Consent, adopting Resolution No. 10-203 entitled: RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO AUTHORIZING AND APPROVING THE ISSUANCE OF BONDS, OR EXECUTION OF A LOAN TRANSACTION, BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY FOR THE BENEFIT OF THE CHILDREN'S SCHOOL FOR CHILD-CENTERED EDUCATION, INC. IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $3,000,000 FOR THE PURPOSE OF REFINANCING THE COST OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN PROPERTY, PROVIDING THE TERMS AND CONDITIONS FOR SUCH BONDS OR LOAN AND OTHER MATTERS RELATING THERETO.
AYES: Cox, Jacob, Slater-Price, Roberts, Horn



23.

SUBJECT:

FALLBROOK UNION ELEMENTARY SCHOOL DISTRICT GENERAL OBLIGATION REFUNDING BONDS, ELECTION OF 2002, 2010 SERIES A (DISTRICT: 5)




OVERVIEW:




A bond election was held in the Fallbrook Union Elementary School District, San Diego County, State of California (the “District”) on November 5, 2002. At this election 57.7%, which exceeds the necessary 55%, of the qualified electors of the District voted for the issuance and sale of general obligation bonds of the District for various purposes in the maximum principal amount of $32,000,000 (the “Authorization”). To date, $31,999,476 of the Authorization has been issued via four series of Bonds: (i) the $22,505,371 Fallbrook Union Elementary School District General Obligation Bonds, Election of 2002, Series A 2003 (the “Series A Bonds”); (ii) the $4,074,472 Fallbrook Union Elementary School District General Obligation Bonds, Election 2002, Series B 2003 (the “Series B Bonds” and together with the Series A Bonds, the “Prior Bonds”); (iii) the $3,157,929 Fallbrook Union Elementary School District General Obligation Bonds, Election of 2002, Series 2004; and (iv) the $2,261,704 Fallbrook Union Elementary School District General Obligation Bonds, Election of 2002, Series 2005. The District has authorized the refunding of the Prior Bonds via the issuance of its General Obligation Refunding Bonds, Election of 2002, 2010 Series A in an amount not to exceed $23,000,000 (the “Refunding Bonds”).




FISCAL IMPACT:




The Refunding Bonds will be general obligations of the District to be paid from ad valorem property taxes levied within its boundaries, and do not constitute an obligation of the County.




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




CHIEF ADMINISTRATIVE OFFICER

Adopt the resolution entitled:

RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO, CALIFORNIA, AUTHORIZING THE LEVY OF TAXES FOR FALLBROOK UNION SCHOOL DISTRICT GENERAL OBLIGATION REFUNDING BONDS, DESIGNATING THE COUNTY TREASURER-TAX COLLECTOR AS THE PAYING AGENT, AND DIRECTING THE COUNTY AUDITOR AND CONTROLLER TO MAINTAIN TAXES ON THE TAX ROLL.





ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board took action as recommended, on Consent, adopting Resolution No. 10-204 entitled: RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO, CALIFORNIA, AUTHORIZING THE LEVY OF TAXES FOR FALLBROOK UNION SCHOOL DISTRICT GENERAL OBLIGATION REFUNDING BONDS, DESIGNATING THE COUNTY TREASURER-TAX COLLECTOR AS THE PAYING AGENT, AND DIRECTING THE COUNTY AUDITOR AND CONTROLLER TO MAINTAIN TAXES ON THE TAX ROLL.

AYES: Cox, Jacob, Slater-Price, Roberts, Horn





24.

SUBJECT:

ALPINE UNION SCHOOL DISTRICT 2010 GENERAL OBLIGATION REFUNDING BONDS (DISTRICT: 2)




OVERVIEW:




A bond election was held in the Alpine Union School District, San Diego County, State of California (the “District”) on June 3, 1997. At this election 74.4%, which exceeds the necessary two-thirds, of the qualified electors of the District voted for the issuance and sale of general obligation bonds of the District for various purposes in the maximum principal amount of $11,000,000 (the “Authorization”). To date, $10,999,891 of the Authorization has been issued via two series of Bonds, the $6,875,604.80 Alpine Union School District (San Diego County, California) General Obligation Bonds, 1997 Series A (the “Prior Bonds”) and the $4,124,268.20 Alpine Union School District General Obligation Bonds, 1997 Election, Series B 1999 (together with the Prior Bonds, the “1997 Authorization Bonds”). The District has authorized the refunding of the Prior Bonds via the issuance and sale of one or more series of general obligation bonds to be designated the “Alpine Union School District (San Diego County, California) 2010 General Obligation Refunding Bonds” in an amount not to exceed $5,000,000 (the “Refunding Bonds”).




FISCAL IMPACT:




The Refunding Bonds will be general obligations of the District to be paid from ad valorem property taxes levied within its boundaries, and do not constitute an obligation of the County.




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




CHIEF ADMINISTRATIVE OFFICER

Adopt the resolution entitled:



RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO, CALIFORNIA, DESIGNATING THE TREASURER-TAX COLLECTOR OF SAN DIEGO COUNTY AS THE PAYING AGENT AND DIRECTING THE COUNTY AUDITOR AND CONTROLLER TO MAINTAIN TAXES ON THE TAX ROLL.




ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board took action as recommended, on Consent, adopting Resolution No. 10-205 entitled: RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO, CALIFORNIA, DESIGNATING THE TREASURER-TAX COLLECTOR OF SAN DIEGO COUNTY AS THE PAYING AGENT AND DIRECTING THE COUNTY AUDITOR AND CONTROLLER TO MAINTAIN TAXES ON THE TAX ROLL.
AYES: Cox, Jacob, Slater-Price, Roberts, Horn



25.

SUBJECT:

DELEGATION OF INVESTMENT AUTHORITY, TREASURER’S INVESTMENT POLICY, APPOINTMENT OF OVERSIGHT COMMITTEE MEMBERS (DISTRICTS: ALL)




OVERVIEW:




Annually, the Board of Supervisors is requested to take several actions regarding the San Diego County investment pool. These actions include the annual delegation of investment authority to the Treasurer, review and approval of the Investment Policy, and appointment of Treasury Oversight Committee members.




FISCAL IMPACT:




N/A




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




TREASURER-TAX COLLECTOR

  1. Approve the Resolution, which will delegate the investment authority to the County Treasurer for a one-year period commencing on January 1, 2011 through December 31, 2011.

  2. Review and approve the Treasurer’s Investment Policy as amended.

  3. Confirm the appointment of Ron Little to replace James Macias as the school district representative of the Treasury Oversight Committee.

  4. Confirm the appointment of Benjamin Franklin Dillingham III as a public member of the Treasury Oversight Committee for a term ending December 31, 2013.




ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board took action as recommended, on Consent, adopting Resolution No. 10-206 entitled: RESOLUTION DELEGATING INVESTMENT AUTHORITY TO THE COUNTY TREASURER-TAX COLLECTOR.
AYES: Cox, Jacob, Slater-Price, Roberts, Horn



26.

SUBJECT:

PUBLIC ORAL AUCTION TAX SALE OF TAX-DEFAULTED PROPERTY (DISTRICTS: ALL)




OVERVIEW:




This is a request to approve the proposed sale of 592 parcels of tax-defaulted real property at a Public Oral Auction Tax Sale No. 7032 on or about Friday, March 18, 2011, pursuant to Revenue and Taxation Code §3691, et seq.




FISCAL IMPACT:




The selling price of each parcel will be used to redeem the defaulted and current year taxes. It will also pay all required fees and costs of sale, which includes the Public Auction Tax Sale Fee of $240.00 imposed under San Diego County Administrative Code §364.4, which became effective August 1, 2004.

If there are excess proceeds remaining after satisfaction of all redemption costs and fees, they will be retained in the defaulted tax sale trust fund for a period of one year following the date of the recordation of the tax deed to the purchaser of the property. During that period, the excess proceeds may be claimed by any party of interest having a recorded lien interest in the property at the time of the sale.



There are no staff impacts as a result of these actions.




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




TREASURER-TAX COLLECTOR

  1. Adopt the resolution entitled:

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO APPROVING AN ORAL AUCTION SALE OF TAX DEFAULTED PROPERTY.

  1. Should a parcel not sell at the initial minimum bid as defined in Revenue and Taxation Code §3698.5, approve the Treasurer-Tax Collector’s discretion under Revenue and Taxation Code §3698.5(c), to offer the same property at the same sale or the next scheduled sale, at a minimum price that the Treasurer-Tax Collector deems appropriate in light of the most current assessed valuation of that property or property interests, or any unique circumstance with respect to that property or those interests. Any parcel remaining unsold may be re-offered within a 90-day period in accordance with §3692(e) and any new parties of interest shall be notified in accordance with §3701.







ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board took action as recommended, on Consent, adopting Resolution No. 10-207 entitled: A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SAN DIEGO APPROVING A PUBLIC ORAL AUCTION SALE OF TAX DEFAULTED PROPERTY.
AYES: Cox, Jacob, Slater-Price, Roberts, Horn



27.

SUBJECT:

COMMUNICATIONS RECEIVED (DISTRICTS: ALL)




OVERVIEW:




Board Policy A-72, Board of Supervisors Agenda and Related Process, authorizes the Clerk of the Board to prepare a Communications Received for Board of Supervisors' Official Records. Routine informational reports, which need to be brought to the attention of the Board of Supervisors yet not requiring action, are listed on this document. Communications Received documents are on file in the Office of the Clerk of the Board




FISCAL IMPACT:




N/A




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




<CHIEF ADMINISTRATIVE OFFICER

Note and File.



>




ACTION




ON MOTION of Supervisor Jacob, seconded by Supervisor Cox, the Board took action as recommended, on Consent.

AYES: Cox, Jacob, Slater-Price, Roberts, Horn





28.

SUBJECT:

ADMINISTRATIVE ITEM:

APPOINTMENTS (DISTRICTS: ALL)




OVERVIEW:




These appointments are in accordance with applicable Board Policy A–74, “Citizen Participation in County Boards, Commissions and Committees.”




FISCAL IMPACT:




N/A




BUSINESS IMPACT STATEMENT:




N/A




RECOMMENDATION:




SUPERVISOR JACOB

Waive Board Policy A-74, "Citizen Participation in County Boards, Commissions and Committees," and re-appoint Stephen Zolezzi to the ENVIRONMENTAL HEALTH ADVISORY BOARD, SAN DIEGO, for a term to expire October 26, 2013.




Share with your friends:
1   2   3   4   5   6   7


The database is protected by copyright ©sckool.org 2019
send message

    Main page