File #: 09-00172    Version:
Type: Agenda Item Status: Passed
File created: 2/18/2009 In control: BOARD OF SUPERVISORS
On agenda: 3/3/2009 Final action: 3/3/2009
Title: HEARING - Consider recommendations regarding the California Municipal Finance Authority financing of tax-exempt private activity bonds on behalf of Westmont College, First District, as follows: (EST. TIME: 10 MIN.) a) Approve and authorize the Chair to execute a Joint Exercise of Powers Agreement relating to the California Municipal Finance Authority; and b) Approve the issuance of tax-exempt revenue bonds by the California Municipal Finance Authority for the purpose of financing or refinancing the acquisition, construction, and improvement of certain facilities for Westmont College, in a principal amount not to exceed $122,500,000. COUNTY EXECUTIVE OFFICER'S RECOMMENDATION: APPROVE
Sponsors: TREASURER-TAX COLLECTOR-PUBLIC ADMINISTRATOR
Attachments: 1. Board Letter, 2. Resolution, 3. Joint Exercise of Powers Agreement, 4. Board Letter 3/3/09
Title
HEARING - Consider recommendations regarding the California Municipal Finance Authority financing of tax-exempt private activity bonds on behalf of Westmont College, First District, as follows: (EST. TIME: 10 MIN.)
 
a) Approve and authorize the Chair to execute a Joint Exercise of Powers Agreement relating to the California Municipal Finance Authority; and
 
b) Approve the issuance of tax-exempt revenue bonds by the California Municipal Finance Authority for the purpose of financing or refinancing the acquisition, construction, and improvement of certain facilities for Westmont College, in a principal amount not to exceed $122,500,000.
 
COUNTY EXECUTIVE OFFICER'S RECOMMENDATION: APPROVE
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