Title
a. Conduct a public hearing under the requirements of the Tax Equity and Financial Responsibility Act (TEFRA) and the Internal Revenue Code of 1986, as amended; and
b. Adopt a resolution approving the issuance by the Monterey Regional Waste Management Authority of revenue bonds for the Monterey Regional Waste Management District (District) in an aggregate amount not to exceed $25,500,000 for the purpose of financing improvements to the District's solid waste disposal and recycling system and related facilities, located at 14201 Del Monte Boulevard, to be initially opened and operated by the District, and certain other matters relating thereto.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Conduct a public hearing under the requirements of the Tax Equity and Financial Responsibility Act (TEFRA) and the Internal Revenue Code of 1986, as amended; and
b. Adopt a resolution approving the issuance by the Monterey Regional Waste Management Authority of revenue bonds for the Monterey Regional Waste Management District (District) in an aggregate amount not to exceed $25,500,000 for the purpose of financing improvements to the District's solid waste disposal and recycling system and related facilities, located at 14201 Del Monte Boulevard, to be initially opened and operated by the District, and certain other matters relating thereto.
SUMMARY:
Monterey Regional Waste Management Authority (Authority) and the Monterey Regional Waste Management District (District) request the Board of Supervisors to approve the issuance of revenue bonds by the Authority. The revenue bonds will provide the District with financing to complete improvements to solid waste disposal and recycling system and related facilities, located at 14201 Del Monte Boulevard (the Project).
DISCUSSION:
The Monterey Regional Waste Management Authority requests that the Board of Supervisors approve the issuance of revenue bonds by the Authority for the purposes of financi...
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