HomeMy Public PortalAboutResolution - 03-35- 20031008 - 2004 Bond Hearing SCC RESOLUTION NO. 03-35
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
MIDPENINSULA REGIONAL OPEN SPACE DISTRICT CALLING A
PUBLIC HEARING IN SANTA CLARA COUNTY TO CONSIDER
THE ISSUANCE BY THE MIDPENINSULA REGIONAL OPEN
SPACE DISTRICT FINANCING AUTHORITY OF ITS 2004
REVENUE BONDS, AND WHETHER THERE ARE ANY
SIGNIFICANT PUBLIC BENEFITS TO TIE DISTRICT FROM SUCH
FINANCING
WHEREAS,the Board of Directors(the"Board of Directors")of the Midpeninsula
Regional Open Space District (the"District") is authorized by law to acquire real property for open space
purposes of the District; and
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WHEREAS,the District proposes to enter into a Site Lease(the"Site Lease)and a related
Project Lease (the"Project Lease")with the Midpeninsula Regional Open Space District Financing
Authority(the"Authority) in connection with the issuance by the Authority of its 2004 Revenue Bonds(the
"Bonds") for the purposes(among others) of acquiring real property for open space purposes of the District
located within the boundaries of the District in Santa Clara County, as more particularly provided in the
copies of such two leases on file with the Secretary of the Board of Directors(the"Secretary"); and
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Midpeninsula
Regional Open Space District, as follows:
Section 1. All of the foregoing recitals are true and correct, and the Board of Directors
so finds and determines.
Section 2. A public hearing is hereby called and will be held in Santa Clara County by
the Board of Directors on Wednesday, the 22nd day of October, 2003, at the hour of'7:30 P.M., at the
regular meeting place of the Board of Directors, 330 Distel Circle,Los Altos, California 94022, at which
public hearing the Board of Directors will consider the acquisition of such real property in Santa Clara
County for open space purposes of the District by the issuance and sale by the Authority of the Bonds, and
whether there are any significant public benefits to the District from such financing, including
demonstrable savings from the issuance and sale of the Bonds, such as savings in effective interest rate,
6586 f the
in accordance with Section0
or bond issuance costs acco d
bond preparation, bond underwriting
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California Government Code), and at which public hearing all interested persons desiring to address the
Board of Directors will be permitted to appear and address the Board of Directors on the foregoing matters.
Section 3. The Secretary is hereby authorized and directed to give notice of such public
hearing by publishing a notice once at least five(5) days prior to such public hearing in the San Jose
Mercury News, a newspaper of general circulation published in Santa Clara County(such notice to be
substantially in the form attached hereto, labeled Exhibit A and incorporated herein and made a part j
hereof).
Section 4. This resolution shall take effect from and after its passage and approval.
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RESOLUTION No. 03-35
PASSED AND ADOPTED by the Board of Directors of the Midpeninsula Regional Open Space
District on October 8, 2003, at a Regular Meeting thereof, by the following vote:
AYES: N. Hanko, M. Davey, P. Siemens, L. HazsetA, K. Nitz, D. L.ittee
NOES: None
ABSTAIN: None
ABSENT: J. Cyn
ATTEST: APPROVED:
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S retary ` esident
oard of Directors Board of Directors
I, the District Clerk of the Midpeninsula Regional Open Space District, hereby certify that
the above is a true and correct copy of a resolution duly adopted by the Board of Directors of
the Midpeninsula Regional Open Space District by the above vote at a meeting thereof duly
held and called on the above day.
Assistant st ' t Clerk