Approving Financial Transaction for Marin Academy

Board of Supervisors

Meeting Date: 7/27/2021

Preview

Agenda Item #6: The Board will conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing to consider a resolution approving financing to be undertaken by the California Public Finance Authority (CalPFA), in an aggregate principal amount not to exceed $27 million, for the purpose of financing and/or refinancing capital improvements to certain facilities and certain other matters relating to the Marin Academy, located at 1600 Mission Avenue, San Rafael. TEFRA hearings are mandated by the IRS to provide reasonable chance for individuals to express views on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. Staff recommends the Board conduct the hearing and consider adoption of the resolution.

Review

The Board conducted the hearing and adopted the resolution.

Need more info? See the staff report about the TEFRA hearing about financing for Marin Academy. 

Contact: Dan Eilerman, Assistant County Administrator

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