To: Board of Supervisors
From: Monica Nino, County Administrator
Report Title: ADOPT Resolution authorizing the issuance and sale of “Moraga Elementary School District, General Obligation Bonds, Election of 2024, Series B”, in the amount not to exceed $17,000,000 by the District on its own behalf pursuant to Sections 15140 and 15146 of the Education Code, as permitted by Section 53508.7(c) of the Government Code, as recommended by the County Administrator.
Recommendation: Recommendation of the County Administrator
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RECOMMENDATIONS:
ADOPT resolution authorizing the issuance and sale of “Moraga Elementary School District, General Obligations Bonds, Election of 2024, Series B” in an amount not to exceed $17,000,000 by the District on its own behalf pursuant to Sections 15140 and 15146 of the Education Code, as permitted by Section 53508.7(c) of the government code.
FISCAL IMPACT:
No fiscal impact to the County.
BACKGROUND:
The Moraga Elementary School District intends to issue new General Obligation bonds to fund capital improvements throughout the District. The District has requested that the Board of Supervisors adopt a resolution authorizing the direct issuance and sale of the bonds by the District on its own behalf as authorized by Section 15140(b) of the Education Code.
On September 8, 2026, the District adopted a resolution authorizing the sale and issuance of new bonds in an amount not to exceed $17,000,000, which was approved by the voters as part of the bond measure (Measure D) listed on the March 5, 2024 ballot.
Specific to the proposed issuance of the new bonds authorized on the March 5, 2024 ballot, the proposed uses according to the ballot language include the following: upgrading science/technology/engineering classrooms/labs, replacing leaking roofs/unsafe windows, preventing classroom overcrowding, and updating classrooms/technology for 21st century learning.
CONSEQUENCE OF NEGATIVE ACTION:
Without the Contra Costa County Board of Supervi...
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