Resolution approving for purposes of Internal Revenue Code of 1986, as amended, Section 147(f) of the Issuance and Sale of Revenue Obligations by the California Enterprise Development Authority in an aggregate principal amount not to exceed $80,000,000 to finance, refinance and/or reimburse the cost of acquisition, construction, installation, rehabilitation, equipping and furnishing of various capital facilities to be owned and operated by National Center for International Schools, a California nonprofit public benefit corporation, and/or The International School of San Francisco, a California nonprofit public benefit corporation.

A notice was published on the City’s website announcing a public hearing regarding the issuance of tax-exempt revenue obligations.

A public hearing was conducted to discuss the issuance of the obligations, allowing for public comments.

The Controller requested Supervisor Mahmood to introduce a resolution for the Board of Supervisors to approve the issuance of tax-exempt revenue obligations.

Supervisor Mahmood introduced the resolution to the Board of Supervisors for approval of the revenue obligations.

The Budget and Finance Committee recommended the resolution for adoption by the Board of Supervisors.

The Board of Supervisors adopted the resolution approving the issuance of the revenue obligations.

The Mayor approved the resolution, finalizing the authorization for the issuance of the obligations.