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Board opens hearings, approves finance team and documents for upcoming bond issuance
Summary
County staff briefed the board that items 22 and 23 are required public hearings connected to an upcoming bond issuance; the board opened the hearings, heard no public speakers, and approved the financing documents and the finance team with a 4–1 voice vote (1 excused).
County staff told the Alameda County Board of Supervisors that items 22 and 23 relate to a recent financing and requested that the board open required public hearings, adopt related documents and approve a finance team drawn from the county's pool.
Staff said the hearings were required for the upcoming bond issuance and that the documents and finance team were those already reviewed by county staff. "Item 22 is with your board sitting as the board of supervisors," the staff presenter said, and asked the board to open the public hearing and adopt the documents; staff described item 23 as a related hearing requiring approval upon closure.
The board opened both public hearings, heard no members of the public, and moved to close the hearings and adopt the documents. The clerk announced the vote as "4 ayes, 1 excused." Staff said a chart showing percentages would be provided with the reports.
Next steps: county staff will finalize the documents and complete the procedural steps necessary for the bond issuance as described in the agenda materials.
