HomeMy WebLinkAboutMINUTES - 09121989 - 1.98 IL-098
TO: BOARD OF SUPERVISORS .......... _ Contra
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FROM: Phil Batchelor, County Administrator 'vim Costa
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DATE: September 12, 1989
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SUBJECT: FINANCING PUBLIC WORKS CORPORATION YARD
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Accept report on debt service payments for Public Works
Corporation Yard.
FINANCIAL IMPACT
The Public Works department will spend an average of $575,000 a
year in debt service payments for the Blum Road Corporation Yard.
The first three semi-annual payments will be paid for— with
interest earnings and rental cancellations. Beginning in April,
1991, revenue will come from an increase in the overhead rate
charged to the Road Fund, Flood Control District, Drainage
Maintenance, Sanitary Districts, Buchanan Field Airport, and
others which will directly benefit from the corporation yard.
Distribution of the debt cost will vary between these revenue
sources with the greatest portion to be borne by the Road Fund.
BACKGROUND
On March 7, 1989? the Board of Supervisors adopted a resolution
to finance Phase I of the corporation yard through the California
Supervisors Association of California (CSAC) , and asked the
County Administrator' s Office and Public Works Director to review
debt service financing, specifically the use of Road Fund
revenues. The first payment on the 30-year loan will be made in
October, 1989. During Phase I, activities presently divided
between the Shell Avenue Yard, Lafayette Yard, Glacier Drive
temporary yard and space at Arnold Drive will be consolidated
into one corporation yard on Blum Road in Martinez. The more
efficient seven-acre corporation yard will be used by Public
Works Maintenance crews. Designs for the project are being
CONTINUED ON ATTACHMENT: p_YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
cc: County Administrator ATTESTED SEP 12 1989
Public Works PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
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BY DEPUTY
M382 (10/88) '
-2-
completed and engineering/construction bids should come before
the Board this summer. The Public Works Department plans to
award the bids in October, 1989, in order to complete the
facility in early 1991.