Baldwin County, Alabama
Share to Facebook Share to Twitter Bookmark and Share
File #: 20-0958    Version: 1
Agenda section: Action Items Status: Passed
File created: 3/10/2020 Meeting type: Baldwin County Commission Regular
On agenda: 3/17/2020 Final action: 3/17/2020
Agenda item title: Request from the Baldwin County Board of Education - Refinancing Long Term Debt and Levying of Taxes
Attachments: 1. Resolution 2020-076 - BOE Refinance and Continuing Tax Levy, 2. *BA2 - Resolution 2020-076 SIGNED

Meeting Type:   BCC Regular Meeting

Meeting Date:  3/17/2020

Item Status:   New

From: Ron Cink, Budget Director; Wayne Dyess, County Administrator

Submitted by:  Anu Gary, Administrative Services Manager

______________________________________________________________________

 

ITEM TITLE

Title

Request from the Baldwin County Board of Education - Refinancing Long Term Debt and Levying of Taxes

Body

 

STAFF RECOMMENDATION

Recommendation

As requested by the Baldwin County Board of Education, adopt Baldwin County Commission Resolution #2020-076 (Ordinance) consenting to the pledge by the County Board of Education of Baldwin County, Alabama (the “Board”) of the proceeds of various local school taxes levied by the Baldwin County Commission allocable to the Board and making further provision thereof.

End

 

BACKGROUND INFORMATION

 

Previous Commission action/date:  N/A

 

Background:  March 10, 2020, BCC Work Session - Eddie Tyler, BOE Superintendent, and John Wilson, BOE Chief Financial Officer, were in attendance to discuss the refinancing of the Baldwin County Board of Education’s long-term debt and the continuance of the Baldwin County Commission to levy Board of Education taxes.

 

 

FINANCIAL IMPACT

 

Total cost of recommendation:  N/A

 

Budget line item(s) to be used:  N/A

 

If this is not a budgeted expenditure, does the recommendation create a need for funding?  N/A

 

 

LEGAL IMPACT

 

Is legal review necessary for this staff recommendation and related documents? 

N/A

 

Reviewed/approved by:  N/A

 

Additional comments:  N/A

 

 

ADVERTISING REQUIREMENTS

 

Is advertising required for this recommendation?  N/A

 

If the proof of publication affidavit is not attached, list the reason: N/A

 

 

FOLLOW UP IMPLEMENTATION

 

For time-sensitive follow up, select deadline date for follow up:  N/A

 

Individual(s) responsible for follow up:  Administration - Correspondence and resolution to:

 

Eddie Tyler, Superintendent

Baldwin County Board of Education

2600 N. Hand Avenue

Bay Minette, Alabama 36507

 

cc: John C. Wilson, Chief Financial Officer, BOE

 

Brad Hicks, County Attorney

Ron Cink

Cian Harrison

Wayne Dyess

 

Action required (list contact persons/addresses if documents are to be mailed or emailed):  N/A

 

Additional instructions/notes:  N/A