BOS-2026-75 : Adopt Resolution approving the issuance by the California Enterprise Development Authority of its revenue obligations for the benefit of Morgan Autism Center in an aggregate amount not to exceed $30,000,000 for the purpose of financing, refinancing and/or reimbursing the cost of the acquisition, construction, rehabilitation, improvement, equipping and furnishing of certain property, providing the terms and conditions for such obligations, and other matters relating thereto.
The document outlines a resolution for the Board of Supervisors to approve the issuance of revenue obligations by the California Enterprise Development Authority for the Morgan Autism Center. The financing, not exceeding $30,000,000, is intended for the acquisition, construction, and improvement of facilities to support individuals with autism. The County of Santa Clara incurs no financial liability from this financing. A public hearing was held on May 22, 2026, to comply with legal requirements. The resolution is set for adoption on June 23, 2026.
Key points
Resolution for financing through California Enterprise Development Authority for Morgan Autism Center.
Total financing amount not to exceed $30,000,000.
No financial liability for the County of Santa Clara.
Public hearing held on May 22, 2026.
Facilities to be improved include classrooms, HVAC systems, restrooms, and playground areas.
Limitations
The document contains placeholders for attachments that are not filled in.
The document does not specify the exact nature of the attachments beyond their titles.
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County of Santa Clara Finance Agency Administration 129327 DATE: June 23, 2026 TO: Board of Supervisors FROM: Margaret Olaiya, Director of Finance SUBJECT: Resolution to Finance through California Enterprise Development Authority for Morgan Autism Center RECOMMENDED ACTION Adopt Resolution approving the issuance by the California Enterprise Development Authority of its revenue obligations for the benefit of Morgan Autism Center in an aggregate amount not to exceed $30,000,000 for the purpose of financing, refinancing and/or reimbursing the cost of the acquisition, construction, rehabilitation, improvement, equipping and furnishing of certain property, providing the terms and conditions for such obligations, and other matters relating thereto. FISCAL IMPLICATIONS The County of Santa Clara (the “County”) incurs no financial liability from this financing and neither the faith and credit nor the taxing power of the County is pledged in any way in connection with the financing. REASONS FOR RECOMMENDATION The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) requires that a public hearing be held by the jurisdiction in which a project to be financed with tax-exempt private...
This resolution by the Board of Supervisors of Santa Clara County approves the issuance of revenue obligations by the California Enterprise Development Authority for the benefit of Morgan Autism Center, not to exceed $30,000,000. The funds are intended for financing, refinancing, and reimbursing costs related to the acquisition, construction, rehabilitation, and furnishing of facilities located at specified addresses in San Jose, California. The resolution confirms that the County will not bear any responsibility for the obligations or their repayment.
Key points
The resolution approves the issuance of revenue obligations for Morgan Autism Center.
The total amount approved is not to exceed $30,000,000.
Funds will be used for acquisition, construction, rehabilitation, and furnishing of facilities.
The facilities are located at 950 St. Elizabeth Drive and 1470 McKinnley Avenue, San Jose, California.
The County will not be responsible for the obligations or their repayment.
Limitations
The document does not specify the date of adoption or the vote count.
The sections for AYES, NOES, ABSTAIN, and ABSENT are unfilled.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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RESOLUTION NO. RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA APPROVING THE ISSUANCE BY THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY OF ITS REVENUE OBLIGATIONS FOR THE BENEFIT OF MORGAN AUTISM CENTER IN AN AGGREGATE AMOUNT NOT TO EXCEED $30,000,000 FOR THE PURPOSE OF FINANCING, REFINANCING AND/OR REIMBURSING THE COST OF THE ACQUISITION, CONSTRUCTION, REHABILITATION, IMPROVEMENT, EQUIPPING AND FURNISHING OF CERTAIN - PROPERTY, PROVIDING THE TERMS AND CONDITIONS FOR SUCH OBLIGATIONS, AND OTHER MATTERS RELATING THERETO WHEREAS, Morgan Autism Center, a nonprofit public benefit corporation (the “Borrower”), duly organized and existing under the laws of the State of California (the “State”), has requested that the California Enterprise Development Authority (the “Authority”) issue, from time to time, pursuant to a plan of finance, one or more series of its tax-exempt revenue obligations in an aggregate maximum stated principal amount not to exceed $30,000,000 (the “Obligations”) for the benefit of the Borrower, pursuant to Chapter 5 of Division 7 of Title 1 of the Government Code of the State (commencing with Section 6500) (the “Act”) for the purpose of (1)...
A public hearing will be held on May 22, 2026, regarding the issuance of tax-exempt revenue obligations by the California Enterprise Development Authority to finance various facilities for the Morgan Autism Center. The hearing will take place via toll-free teleconference, and public comments can be submitted by phone, email, or mail. The obligations will not constitute a debt or obligation of the County or State.
Key points
Public hearing on May 22, 2026.
Issuance of tax-exempt revenue obligations by the California Enterprise Development Authority.
Purpose: financing, refinancing, and reimbursing costs for facilities for Morgan Autism Center.
Facilities include new classrooms, HVAC upgrades, renovations, parking facility, and playground.
Obligations will be paid from repayments by the Borrower under a Loan Agreement.
The County is not responsible for the obligations.
Public comments can be made via teleconference, email, or mail.
Limitations
The text indicates a specific date for the public hearing.
There are unresolved placeholders in the text, such as the phone number format and the email address.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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NOTICE OF PUBLIC HEARING WITH RESPECT TO THE ISSUANCE OF TAX-EXEMPT REVENUE OBLIGATIONS BY THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY FOR THE PURPOSE OF FINANCING, REFINANCING AND/OR REIMBURSING THE COST OF ACQUISITION, CONSTRUCTION, REHABILITATION, IMPROVEMENT, EQUIPPING AND FURNISHING OF CERTAIN FACILITIES FOR THE BENEFIT OF MORGAN AUTISM CENTER OR A SUCCESSOR ENTITY NOTICE IS HEREBY GIVEN that on May 22, 2026, a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986 (the “Code”), will be held by the County of Santa Clara (the “County”) with respect to the issuance, from time to time, pursuant to a plan of finance, of one or more series of tax-exempt revenue obligations by the California Enterprise Development Authority (the “Issuer”) in an aggregate principal amount not to exceed $30,000,000 (the “Obligations”) for the benefit of Morgan Autism Center, a nonprofit public benefit corporation (the “Borrower”), duly organized and existing under the laws of the State of California (the “State”). The Obligations will be issued pursuant to Section 145 of the Code. The proceeds of the Obligations will be loaned to the Borrower pursuant to a loan...
The source text indicates this attachment appears to be a draft document.
This document is a Certificate of Publication regarding a Notice of Public Hearing for the issuance of tax-exempt revenue obligations by the California Enterprise Development Authority for the benefit of Morgan Autism Center. The public hearing is scheduled for May 22, 2026, and will be conducted via toll-free teleconference. The obligations are intended to finance various improvements and facilities for the Morgan Autism Center. The notice was published on the Authority's website on May 15, 2026, and remained available for at least seven days prior to the hearing.
Key points
Certificate of Publication delivered on May 27, 2026.
Notice of Public Hearing published on May 15, 2026.
Public hearing scheduled for May 22, 2026.
Hearing conducted via toll-free teleconference.
Tax-exempt revenue obligations not to exceed $30,000,000.
Proceeds will finance improvements for Morgan Autism Center.
Limitations
The document appears to be a draft as it contains unresolved placeholders and formatting issues.
Specific details such as the exact nature of the obligations and the financial arrangements are not fully detailed.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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CERTIFICATE OF PUBLICATION REGARDING NOTICE OF PUBLIC HEARING May 27, 2026 This Certificate of Publication Regarding Notice of Public Hearing is delivered on the date set forth above for the purpose of demonstrating compliance with Section 147(£) of the Internal Revenue Code of 1986, as amended (the “Code”) and applicable Treasury Regulations (the “Regulations”). The undersigned, an Assistant Secretary of the California Enterprise Development Authority, a public entity of the State of California, created pursuant to Chapter 5 of Division 7 of Title 1 (commencing with Section 6500) of the Government Code of the State of California (the “Authority”), hereby certifies as follows: 1. A Notice of Public Hearing containing the language attached as Exhibit A (the “Notice”) with respect to the plan of finance, the issuance of the bonds, notes or obligations (the “Revenue Obligations”) and the project described therein (the “Project”), was published on the Authority’s primary website address of https://ceda.caled.org/ on May 15, 2026. 2. The Notice was published in an area of the Authority’s website which is used to inform members of the general public about public hearings to be held by...
This document certifies the details of a public hearing held under the Tax Equity and Fiscal Responsibility Act (TEFRA) regarding a proposed bond issuance by the California Enterprise Development Authority for the Morgan Autism Center. The hearing took place via toll-free teleconference on May 22, 2026, with no public comments received.
Key points
The hearing was opened at 10:17 a.m. and closed at an unspecified time.
The hearing was conducted via toll-free teleconference as permitted by IRS guidance.
The notice of the hearing was published on the Issuer’s website on May 15, 2026.
No public comments were made during the hearing or received in writing beforehand.
Limitations
The closing time of the hearing is not provided.
The document does not specify any outcomes or decisions made during the hearing.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
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CERTIFICATION OF TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING I, Paul McDonough, Debt Management Officer, County of Santa Clara, hereby certify as follows in connection with a public hearing under the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) related to a proposed bond issuance by the California Enterprise Development Authority (the “Issuer”) for Morgan Autism Center: 10:18 a.m. 1. Hearing Date. On May 22, 2026, a hearing was opened at 10:17 a.m. and closed at 2. Hearing Details. In March 2022, the Internal Revenue Service issued guidance permitting TEFRA hearings to be conducted by toll-free teleconference. Accordingly, the public hearing was held via toll-free teleconference on the Hearing Date. 3. Posting. The notice of the TEFRA hearing was published on the Issuer’s primary website address of https://ceda.caled.org/compliance-materials/public-notices/ on May 15, 2026, setting forth the time, date, and subject matter of said hearing. 4. Public Comments: There were no public comments made at the time of the hearing, nor were there comments received in writing in advance of the hearing. DATED: May 22, 2026 By: Paul McDonough, Debt Management...