Tax-Exempt Conduit Obligations to Finance Mark Day School Upgrades

Board of Supervisors

Meeting Date: 3/1/2016

Preview

No earlier than 10:30 a.m., the Board will conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing for issuance of up to $9.5 million of tax-exempt conduit obligations to finance capital improvements to educational facilities of Mark Day School, 39 Trellis Drive, San Rafael. The Board held a public hearing and adopted a resolution approving financing of up to $8.0 million on August 25, 2015. Mark Day School, formerly known as Saint Mark's School, has since requested a new public hearing because project costs are more than it had projected. Staff recommends that the Board conduct a public hearing and consider adopting a resolution approving the issuance of bonds.

Review

The Board conducted the hearing and adopted the resolution.

Need more info? See the staff report about the TEFRA hearing for facilities at Mark Day School.

Contact: Matthew Hymel, County Administrator

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