Title
Continued from November 5, 2013:
In the Matter of the Salinas Valley Solid Waste Authority Revenue Bonds, Series 2013, and the County's Notices of Intent to Withdraw from the Authority and the related Waste Delivery Agreement.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a) Rescind the Notices of Intent to withdraw from the Salinas Valley Solid Waste Authority ("Authority") and the related Waste Delivery Agreement (the "Notices of Intent"), and approve the Authority's proposed Series 2013 Revenue Bonds with conditions;
b) Rescind the Notices of Intent but not approve the Authority's proposed Series 2013 Revenue Bonds;
c) Not rescind the Notices of Intent but approve the Authority's proposed Series 2013 Revenue Bonds, and instruct staff to return in January of 2014, with a date certain for withdrawal from the Authority and other necessary actions;
d) Not rescind the Notices of Intent, not approve the Series 2013 Revenue Bonds, and instruct staff to return in January of 2014, with a date certain for withdrawal from the Authority and other necessary actions; or
e) Rescind the Notices of Intent to withdraw from the Salinas Valley Solid Waste Authority ("Authority") and the related Waste Delivery Agreement (the "Notices of Intent"), and approve the Authority's proposed Series 2013 Revenue Bonds with conditions and additional amendments to the Waste Delivery Agreement to allow, at the County's option, delivery of waste from unincorporated Supervisorial District 2 to the Monterey Regional Waste Management District.
SUMMARY/DISCUSSION:
This matter was previously before the Board of Supervisors for a public hearing and consideration on November 5, 2013. At that time the Board received the staff report, opened the public hearing required by federal and state law, received public testimony, closed the public hearing, and considered the County's options. The matter was continued to the December 3, 2013, Board meeting with d...
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