BOS-2026-76 : Adopt Resolution approving the issuance by the California Enterprise Development Authority of its revenue obligations for the benefit of Almaden Country Day School in an aggregate amount not to exceed $20,000,000 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.
This document is a resolution for financing through the California Enterprise Development Authority (CEDA) for Almaden Country Day School. It recommends adopting a resolution to approve the issuance of revenue obligations not to exceed $20,000,000 for various purposes related to the acquisition and improvement of school property. The County of Santa Clara incurs no financial liability from this financing. A public hearing was held on May 27, 2026, to comply with the Tax Equity and Fiscal Responsibility Act (TEFRA). The resolution aims to enhance school facilities for a better learning environment for children.
Key points
Resolution for financing through CEDA for Almaden Country Day School.
Proposes issuance of revenue obligations up to $20,000,000.
No financial liability for the County of Santa Clara.
Public hearing held on May 27, 2026, via toll-free teleconference.
Positive impact on children and youth by improving school facilities.
Limitations
The document contains placeholders for attachments that are not filled in.
The specific details of the attachments are not provided.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,808 chars
County of Santa Clara Finance Agency Administration 129333 DATE: June 23, 2026 TO: Board of Supervisors FROM: Margaret Olaiya, Director of Finance SUBJECT: Resolution for Financing through CEDA for Almaden Country Day School RECOMMENDED ACTION Adopt Resolution approving the issuance by the California Enterprise Development Authority of its revenue obligations for the benefit of Almaden Country Day School in an aggregate amount not to exceed $20,000,000 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 activity bonds is located,...
The Board of Supervisors of Santa Clara County has approved the issuance of revenue obligations by the California Enterprise Development Authority for Almaden Country Day School, not to exceed $20,000,000. The funds will be used for financing, refinancing, and reimbursing costs related to the acquisition, construction, rehabilitation, improvement, equipping, and furnishing of certain property located at 6835 Trinidad Drive, San Jose, California. The resolution confirms that the County will not bear any responsibility or liability for the obligations.
Key points
Approval of revenue obligations for Almaden Country Day School.
Total amount not to exceed $20,000,000.
Funds designated for acquisition, construction, rehabilitation, improvement, equipping, and furnishing of property.
The County will not be liable for the obligations or their repayment.
The resolution takes effect immediately upon adoption.
Limitations
The document does not specify the date of adoption or the vote count.
There are placeholders for the vote results (AYES, NOES, ABSTAIN, ABSENT) that are not filled in.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 6,928 chars
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 ALMADEN COUNTRY DAY SCHOOL IN AN AGGREGATE AMOUNT NOT TO EXCEED $20,000,000 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, Almaden Country Day School, 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 $20,000,000 (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...
A public hearing will be held on May 27, 2026, regarding the issuance of tax-exempt revenue obligations by the California Enterprise Development Authority to finance various improvements for Almaden Country Day School. The hearing will take place via toll-free teleconference at 10:00 a.m. Interested individuals can provide comments during the hearing or submit them in advance via email or mail. The obligations will not constitute debt for the County or the State of California.
Key points
Public hearing on May 27, 2026, regarding tax-exempt revenue obligations.
Obligations intended to finance improvements for Almaden Country Day School.
Hearing conducted via toll-free teleconference starting at 10:00 a.m.
Public comments can be made during the hearing or submitted in advance.
Obligations do not constitute debt for the County or State.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 4,696 chars
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 ALMADEN COUNTRY DAY SCHOOL OR A SUCCESSOR ENTITY NOTICE IS HEREBY GIVEN that on May 27, 2026, a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (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 $20,000,000 (the “Obligations”) for the benefit of Almaden Country Day School, 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...
This document is a Certificate of Publication regarding a Notice of Public Hearing related to the issuance of tax-exempt revenue obligations by the California Enterprise Development Authority for Almaden Country Day School. The public hearing is scheduled for May 27, 2026, and will be conducted via toll-free teleconference. The obligations are intended to finance various improvements at the school, including construction of a gymnasium and installation of solar panels. The County of Santa Clara will not be responsible for the obligations.
Key points
The public hearing is scheduled for May 27, 2026.
The hearing will be conducted via toll-free teleconference.
The obligations are for Almaden Country Day School and will finance various improvements.
The County of Santa Clara will not be responsible for the obligations.
Limitations
The document contains placeholders and unfilled fields that may affect the completeness of the summary.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 13,499 chars
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(f) 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 18, 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 for Almaden Country Day School by the California Enterprise Development Authority. The hearing took place via toll-free teleconference on May 27, 2026, with no public comments received.
Key points
The hearing was opened at 10:06 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 18, 2026.
No public comments were made during the hearing or received in writing beforehand.
Limitations
The closing time of the hearing is not specified.
The document does not provide any information on the 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.
Extracted text preview · 1,253 chars
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 Almaden Country Day School: 10:07 a.m. 1. Hearing Date. On May 27, 2026, a hearing was opened at 10:06 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 18, 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 27, 2026. By: Paul McDonough, Debt Management...