Adopt Resolution authorizing the Franklin-McKinley School District to sell on its own behalf Election of 2026 General Obligation Bonds in an amount not to exceed $19,300,000.

County of Santa Clara Finance Agency Administration 130171 DATE: September 15, 2026 TO: Board of Supervisors FROM: Margaret Olaiya, Director of Finance SUBJECT: Franklin-McKinley School District Election of 2026 General Obligation Bonds, Series A RECOMMENDED ACTION Adopt Resolution authorizing the Franklin-McKinley School District to sell on its own behalf Election of 2026 General Obligation Bonds in an amount not to exceed $19,300,000. 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 Franklin-McKinley School District (the “District”) beyond those provided by the Commingled Pool. REASONS FOR RECOMMENDATION This resolution is required by Education Code...

RESOLUTION NO. RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA, CALIFORNIA, AUTHORIZING THE FRANKLIN-MCKINLEY SCHOOL DISTRICT TO SELL ON ITS OWN BEHALF ELECTION OF 2026 GENERAL OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $19,300,000 WHEREAS, a duly called school bond election was held in the Franklin-McKinley School District (the “District”), Santa Clara County, State of California, on June 2, 2026 (the “Election”) and thereafter canvassed pursuant to law; WHEREAS, at the Election there was submitted to and approved by the requisite fifty- five percent or more vote of the qualified electors of the District a question as to the issuance and sale of general obligation bonds of the District for the various purposes set forth in the ballot submitted to the voters, in the maximum amount not-to-exceed $142,000,000 payable from the levy of an ad valorem tax against the taxable property in the District (the “Authorization”); WHEREAS, on September 8, 2026, the Board of Education of the District adopted a resolution (the “District Resolution”) that authorized the issuance of the first series of bonds pursuant to the Authorization in an aggregate principal amount...