Title
HEARING - Consider recommendations regarding California Enterprise Development Authority Tax-Exempt Financing on behalf of Laguna Blanca School, Marymount of Santa Barbara, Inc., and Santa Barbara Student Housing, as follows: (EST. TIME: 15 MIN.)
a) Adopt a Resolution approving associate membership by the County of Santa Barbara in the California Enterprise Development Authority and authorizing and directing the execution of an Associate Membership Agreement;
b) Hold a public hearing and consider the adoption of a Resolution approving the issuance of California Enterprise Development Authority of its Revenue Obligations for the benefit of Laguna Blanca School, a California nonprofit public benefit corporation, in an amount not to exceed $5,000,000.00;
c) Hold a public hearing and consider the adoption of a Resolution approving the issuance by the California Enterprise Development Authority of its Revenue Obligations for the benefit of Marymount of Santa Barbara, Inc., a California nonprofit public benefit corporation, in an amount not to exceed $2,050,000.00; and
d) Hold a public hearing and consider the adoption of a Resolution approving the issuance by the California Enterprise Development Authority of its Revenue Obligations for the benefit of Santa Barbara Student Housing, a California nonprofit public benefit corporation, in an amount not to exceed $3,400,000.00.
COUNTY EXECUTIVE OFFICER’S RECOMMENDATION: POLICY