File #: RES 20-094    Name: 51Jacqueline Goetz
Type: BoS Resolution Status: Passed - Treasurer Tax Collector
File created: 6/9/2020 In control: Board of Supervisors
On agenda: 6/23/2020 Final action: 6/23/2020
Title: Adopt Resolution to: a. Exercise the Board of Supervisors option under California Government Code 53853(b) to notify Alisal Union School District, Gonzales Unified School District, Greenfield Union Elementary School District, King City Union School District, Monterey Peninsula Unified, and the Pacific Grove Unified School Districts pursuant to the attached Resolution that it will not authorize the issuance of tax and revenue anticipation notes ("TRANs") of the Districts and to provide such notification on or before June 30, 2020. b. Authorize the Treasurer Tax-Collector, with the approval of the Office of the County Counsel Office, to exercise the Section 53853(b) option on behalf of the County and notify Districts that the County will not authorize the issuance of TRANs of the Districts when the County receives similar notices and documentation regarding TRANs requests in the future.
Attachments: 1. Board Report, 2. Attachment A - Proposed Resolution, 3. Attachment B - Letter from Dale Scott and Company, 4. Attachment C - Orrick Executive Summary, 5. Item No. 51 Completed Board Order and Resolution
Title
Adopt Resolution to:
a. Exercise the Board of Supervisors option under California Government Code 53853(b) to notify Alisal Union School District, Gonzales Unified School District, Greenfield Union Elementary School District, King City Union School District, Monterey Peninsula Unified, and the Pacific Grove Unified School Districts pursuant to the attached Resolution that it will not authorize the issuance of tax and revenue anticipation notes ("TRANs") of the Districts and to provide such notification on or before June 30, 2020.
b. Authorize the Treasurer Tax-Collector, with the approval of the Office of the County Counsel Office, to exercise the Section 53853(b) option on behalf of the County and notify Districts that the County will not authorize the issuance of TRANs of the Districts when the County receives similar notices and documentation regarding TRANs requests in the future.
report
RECOMMENDATION:
Adopt Resolution to:
a. Exercise the Board of Supervisors option under California Government Code 53853(b) to notify Alisal Union School District, Gonzales Unified School District, Greenfield Union Elementary School District, King City Union School District, Monterey Peninsula Unified, and the Pacific Grove Unified School Districts pursuant to the attached Resolution that it will not authorize the issuance of tax and revenue anticipation notes ("TRANs") of the Districts and to provide such notification on or before June 30, 2020.
b. Authorize the Treasurer Tax-Collector, with the approval of the Office of the County Counsel Office, to exercise the Section 53853(b) option on behalf of the County and notify Districts that the County will not authorize the issuance of TRANs of the Districts when the County receives similar notices and documentation regarding TRANs requests in the future.

SUMMARY/DISCUSSION:
Alisal Union School District, Gonzales Unified School District, Greenfield Union Elementary School District, King City Union School District, Monter...

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