BOS-2026-48 : Adopt Resolution authorizing the East Side Union High School District to sell General Obligation Bonds, 2022 Election, Series A (Ed-Tech Bonds), on its own behalf in the aggregate principal amount not to exceed $25,000,000, and authorizing the levy and collection of ad valorem property taxes to repay said bonds.

County of Santa Clara Finance Agency Administration 128210 DATE: April 28, 2026 TO: Board of Supervisors FROM: Margaret Olaiya, Director of Finance SUBJECT: East Side Union High School District General Obligation Bonds, 2022 Election, Series A RECOMMENDED ACTION Adopt Resolution authorizing the East Side Union High School District to sell General Obligation Bonds, 2022 Election, Series A (Ed-Tech Bonds), on its own behalf in the aggregate principal amount not to exceed $25,000,000, and authorizing the levy and collection of ad valorem property taxes to repay said bonds. FISCAL IMPLICATIONS There is no fiscal impact to the County of Santa Clara (the “County”). 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 this financing. The attached resolution, as written, allows the County to recover any additional investment management costs incurred by the County to invest outside of the County Pooled Investment Fund (the “Commingled Pool”). These include, but are not limited to, staffing or financial resources expended on behalf of the East Side Union High School...

RESOLUTION NO. RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA, AUTHORIZING THE EAST SIDE UNION HIGH SCHOOL DISTRICT TO SELL ON ITS OWN BEHALF GENERAL OBLIGATION BONDS, 2022 ELECTION, SERIES A (ED-TECH BONDS®), IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $25,000,000, AND AUTHORIZING THE LEVY AND COLLECTION OF AD VALOREM PROPERTY TAXES TO REPAY SAID BONDS WHEREAS, a duly called general obligation bond election was held in the East Side Union High School District (the “District”), Santa Clara County on November 8, 2022 (the “Election”) and thereafter canvassed pursuant to the law, at which there was submitted to and approved by the requisite vote of fifty-five percent or more of the qualified electors of the District a question as to the issuance and sale of general obligation bonds of the District for specified projects set forth in the ballot submitted to the voters, in the principal amount of not to exceed $572,000,000 (the “Bonds”), payable from the levy of an ad valorem tax against the taxable property of the District (the “2022 Authorization”); WHEREAS, pursuant to a resolution (the “District Resolution”) of the Governing Board...