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RESOLUTION AUTHORIZING THE GOVERNING BOARD OF THE
MANZANITA ELEMENTARY SCHOOL DISTRICT TO ISSUE AND SELL
GENERAL OBLIGATION BONDS OF THE DISTRICT
ON ITS OWN BEHALF PURSUANT TO STATE LAW
WHEREAS. at an election held on Ma_y 2, 2000, in the Manzanita Elementary School
District (the "District"'), more than two-thirds of the qualified electors of the District authorized
the issuance of $1,000,000 of general obligation bonds; and
WHEREAS, California Education Code Section 15140(b) authorizes a cotmty board of
supervisors to provide by resolution that the governing board of a school district over which the
county superintendent of schools has jurisdiction, and that has not received a qualified or
negative certification of its ability to meet its financial obligations in its most recent interim
report prepared pursuant to Education Code Section 42130, may issue and sell general obligation
bonds of the district on its awn behalf pursuant to the provisions of Chapter 1. Part 10, Division
1, Title I of the Education Code (Sections15100-1526?) without further action by the board of
supervisors or officers of the county; and
WHEREAS. Article 4.5, Chapter 3, Part 1, Division 2, Title 5 of the California Code
(Sections 53506-53509.3) authorizes the governing board of a school district to issue and to sell
general obligation bonds of the district on its own behalf; either by public sale or by private sale
pursuant to California Education Code Sections 15140 or 15146; and
WHEREAS, the District meets the two eligibility requirements of Education Code
Section 15140(b) described above, because (I) it is within the jurisdiction of the Butte County
Superintendent of Schools and (ii) the District has certified to this Board that it has not received
a qualified or negative certification in its most recent interim report; and
WHEREAS, the District has requested that this Board authorize the District to issue and
sell its general obligation bonds on its own behalf.
NO~'V, THEREFORE, BE IT RESOLVED by this Board of Supervisors of the County
of Butte as follows:
Section 1. Recitals. This Board hereby finds and determines that the foregoing recitals
are true and correct.
Section 2. Authorization of District Issuance and Sale of Bands. Pursuant to California
Education Code Section 15140(b), this Board hereby authorizes the governing board of the
District to issue and sell general obligation bonds of the District on its own behalf either under
the provisions of Chapter 1, Part I0, Division 1, Title 1 of the Education Code or Article 4.5,
Chapter 3, Part I , Division 2. Title 5 of the Government Code. The District shall take full
responsibility for the proceedings for issuance and sale of the bonds of the District, and this
Board and the officers of the County shall not he required to take any action or assume any
responsibility for such proceedings.
Section 3. County Responsibilities. This Board shall, and this Board hereby authorizes
and directs all the officers of the County to, in cooperation with the District, take such actions as
may be necessary or convenient or otherwise required by law for the levy and collection of taxes,
payment of bonds. and disposition of bond proceeds and tax funds in connection with the
District"s bonds.
Section 4. Effective Date. "This resolution shall take effect immediately upon its passage.
ON A MOTION by Supervisor Houx ,seconded by Supervisor Davis , t}~e
foregoing resolution was passed and adopted by the Board of Supervisors of the County of Butte.,
State of California, on .tune 27, 2000 by the following vote:
AYES: Supervisors Beeler, Houx, Josiassen, Davis and Chair Dolan
NOES: None
ABSENT: None
NOT VOTING: None ~-
~-,
~~TANE D LAN, Chair
~3oard of Supervisors
ATTEST:
JOHN S. BLAC:KLOCK, Chief Administrative Officer
and Clerk of the Board of Supervisors
Deputy
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