HomeMy WebLinkAbout13-110RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE,
CALIFDRNIA AUTHORIZING THE LEVY OF TAXES FOR GENERAL OBLIGAT[ON
REFUNDING NOTE OF THE MANZANITA ELEMENTARY SCHOOL DISTRICT,
DESIGNATING THE PAYING AGENT THEREFOR AND DIRECTING THE COUNTY
AUDITOR-CONTROLLER TO PLACE TAXES ON THE TAX ROLL
WHEREAS, a duly called election was held in the Manzanita Elementary School District, Butte County,
State of California (hereinafter referred to as the "District"), on May 2, 2000 (the "Authorization"} and thereafter
canvassed pursuant to law;
WHEREAS, at such election there was submitted to and approved by the requisite two-thirds vote of the
qualified electors of the District a question as to the issuance and sale of general obligation bonds of the District for
various purposes set forth in the ballot submitted to the voters, in the maximum principal amount of $1,000,000,
payable from the levy of an acl valorerrr tax against the taxable property in the District;
WHEREAS, the District previously issued under the Authorization $940,000 Manzanita Elementary School
District {County of Butte, California) General Obligatian Bonds, Election of 2000, Series 2000 (the "Prior Bonds");
WHEREAS, the County of Butte (the "County") levied taxes on the 2012-13 tax roll in an amount sufficient
to fulfill the requirements of the debt service schedule for the Prior Bonds;
WHEREAS, the District has determined to issue and sell its General Obligation Refunding Note (the "Note")
in an amount not to exceed $800,000 to refund all of the outstanding Prior Bonds pursuant to Articles 9 and 1 l of
Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code {the "Bond Law"};
WHEREAS, in the District Resolution, the District has covenanted to request the County Board to levy taxes
in an amount sufficient to pay the principal of and interest on the Note when due, and to direct the County Auditor-
Controller (the "Auditor-Controller") to place on its 2013-14 tax roll, and all subsequent tax rolls, taxes sufficient to
fulfill the requirements of the debt service schedule for the Note that will be provided to the Auditor-Controller by
the District following the sale of the Note; and
NOW, THEREFORE, THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE DOES HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Levy of Taxes. That this County Board levy taxes in an amount sufficient to pay the principal of and interest
on the Note.
Preparation of Tax Roll. That the Auditor-Controller is hereby directed to place on its 2013-14 tax roll, and
all subsequent tax rolls, taxes in amounts sufficient to fulfill the requirements of the debt service for the Note, in
accordance with asemi-annual debt service schedule which will be provided to the Auditor-Controller by the District
following the sale of the Note.
Effective Date. That this Resolution shall take effect im.naediately upon its passage.
The foregoing resolution was adopted on the 27"' day of August, 2013, by the Board of Supervisors of the
County of Butte and ex officio the governing body of all other special assessment and taxing districts, agencies and
authorities far which said Board so acts.
PASSED AND ADOPTED by the Butte County Board of Supervisors this 27th day of August, 2013 by the
following vote:
AYES: Supervisors Wahl, Lambert, Teeter and Vice Chair Kirk
NOES: None
ABSENT: Chair Connelly
NOT VOTING: None
ATTEST:
Paul Hahn, C~xyef /administrative Officar
And Cle
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Maureen Kirk, Vice Chair of the
Butte County Board of Supervisors
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By
APPROVED AS TO FORM: