Loading...
HomeMy WebLinkAboutMINUTES - 12081987 - 1.44 POSITION ADJUST14ENT REQUEST No. RECEIVED Date: 10/6/87 PERSONNEL DEPA+rMEiiT Dept. No./ Copers Department Riverview Fire District Budget Unit No. Noy Or .1i$oQ '8� Agency No. Action Requested: One (1) additional Senior Fire Inspector Proposed Effective Date: 11/1/87 Explain why adjustment is needed: Implement new 2185 Legislation. Classification Questionnaire attached: Yes [] No 3l,�a Estimated cost of adjustment: �� $. Cost is within department's budget: Yes No rut (Annual) If not within budget, use reverse side to explain howcd�be funded. Department must initiate necessary appropriation adjustment. �) Use additional sheets for further explanations or comments. or Department Head Personnel Department Recommendation 11/20/87 Date: Add 1 40/40 Senior Fire Inspector (RJVA) position at salary level C5-1950 ($3192-3880) . Amend Resolution 71/17 establishing positions and resolutions allocating .classes to the Basic/Exempt Salary Schedule, as described above. Effective: ] day following Board action. / L1 (� Date for Director <at Personnel County Administrator Recommendation Date: Approve Recommendation of Director of Personnel O Disapprove Recommendation of Director 'of Personnel 0 Other: � 2 fo C my inistrator Board of Supervisors Action DEC 8 1987 Adjustment APPROVED/MAPPROWD on Phil Batchelor, Cesk of the Board of - - Supervisors aC CourityAdmi;iistrator Date: DEC 8 1987 By: APPROVAL OF THIS ADJUSTMENT CONSTITUTES A PERSONNEL/SALARY RESOLUTION AMENDMENT. M347 6/82 13052-07 JHKN:FJT:ct 1 t/'?9;87 3912 1,14 A .. ct ter-u87 a RESOLUTION NO.RA 87-27 RESOLUTION OF THE CONTRA COSTA COUNTY REDEVELOPMENT AGENCY AUTHORIZING ISSUANCE AND SALE OF PLEASANT HILL BART STATION AREA REDEVELOPMENT PROJECT 1987 TAX ALLOCATION NOTES AND APPROVING AN INDENTURE OF TRUST, A REIMBURSEMENT AGREEMENT, AN OFFICIAL STATEMENT AND RELATED DOCUMENTS AND ACTIONS WHEREAS, the Contra Costa County Redevelopment Agency is a redevelopment agency and a public body, corporate and politic, duly created, established and authorized to transact business and exercise powers under and pursuant to the provisions of the Community Redevelopment Law of the State of California (the "Law"); and WHEREAS, a redevelopment plan for the Pleasant Hill BART Station Area Redevelopment Project (the "Project"), in the County of Contra Costa, has been adopted in compliance with all requirements of the Law; and WHEREAS, the Agency is authorized pursuant to the Law to issue its tax allocation notes to aid in the financing, and in the implementation, of the Project and for the purpose of refunding outstanding obligations of the Agency; and WHEREAS, on December 27, 1984, the Agency issued its $4,000,000 note to Southern Pacific Transportation Company (the "SP Note") the proceeds of which were used in connection with the financing of the Project; and WHEREAS, the Agency intends to finance the acquisition and construction of certain other public improvements of benefit to the Project; and WHEREAS, after due investigation and deliberation, the Agency has determined that it is in the interests of the Agency at this time to provide for the issuance of its Pleasant Hill BART Station Area Redevelopment Project 1987 Tax Allocation Notes (the "Notes") for the purpose of refunding the SP Note and financing the costs of the other improvements of benefit to the Project as provided in the documents referred to below; and WHEREAS, in order to assure that the interest on the Notes be excluded from gross income of the recipients thereof it is necessary for the Agency to terminate the existing lease of the Agency with Park & Rail and enter into a management agreement with Park & Rail (the "Management Agreement') with respect to certain parking facilities adjacent to the Pleasant Hill BART Station; and WHEREAS, in order to assure that payments on the existing Agency notes to Park & Rail are subordinate to payments on the Notes, it is necessary that the Agency enter into a subordination agreement with Park & Rail ("Subordination Agreement'); and f RA 87-27 WHEREAS, the Notes are proposed to be issued pursuant to an Indenture of Trust dated as of December 1, 1987 (the "Indenture"), by and between the Agency and Seattle- First National Bank, as trustee; and WHEREAS, the Notes are proposed to be secured by a letter of credit to be issued by Barclays Bank PLC (the "Bank") pursuant to a Reimbursement Agreement (the "Reimbursement Agreement") between the Bank and the Agency; and WHEREAS, the Financial Advisor to the Agency, Dean Witter Reynolds Inc., has caused to be prepared an Official Statement describing the Notes, the preliminary form of which is on file with the Secretary of the Agency; and WHEREAS, Dean Witter Reynolds Inc. has requested that it be permitted to submit a bid for the Notes; and WHEREAS, pursuant to Resolution No. RA 87-23 adopted by the Agency on November 10, 1987 calling for bids on the Notes and approving an Official Notice of Sale therefore (the "Resolution Catling for Bids"), .the Executive Director or his designee is authorized to award the Notes to the bidder who submits the best proposal for the purchase of the Notes and it is desirable that the documents referred to herein be approved by the Agency so that the Notes may be delivered promptly after the award thereof by the Executive Director or his designee to the best bidder therefor; and WHEREAS, the Agency with the aid of its staff, has reviewed the herein-described Official Statement, Reimbursement Agreement, Management Agreement and Indenture and the Agency wishes at thig time to approve said documents as in the public interests of the Agency. NOW, THEREFORE, BE IT RESOLVED by the Contra Costa Redevelopment Agency as follows: Section 1. Recitals Correct. The Agency finds and determines that the foregoing recitals are true and correct. Section 2. Issuance of Notes. The Agency hereby authorizes the issuance of the Notes under and pursuant to the Law and the Indenture in the principal amount of not to exceed $7,500,000. The Agency hereby approves the Indenture in substantially the form on file with the Secretary together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director, whose execution thereof shall be conclusive evidence of the approval of such changes by the Executive Director. The Executive Director and Secretary of the Agency are hereby authorized and directed to execute, attest and affix the seal of the Agency to the Indenture for and in the name and on behalf of the Agency. The principal amount, date, maturity dates, interest rates, interest payment dates, denominations, form, registration privileges, manner of execution, place of payment, terms of redemption and other terms of the Notes shall be as provided in the Indenture as finally executed. The Agency hereby authorizes the delivery and performance of the Indenture. Section 3. Sale of Notes. The Notes are to be awarded by the Executive Director or his designee to the best bidder therefor as determined pursuant to the Official Notice of .z- RA 87-27 Sale for the Notes (the "Purchaser"). The Notes shall be delivered to the Purchaser upon compliance with the terms and conditions set forth in the Resolution Calling For Bids, including the Official Notice of Sale of the Notes and the accepted proposal of the Purchaser. The Executive Director of the Agency, the Secretary of the Agency, the Agency Counsel and other proper officers of the Agency are hereby authorized and directed to deliver any and all documents and instruments, to authorize the payment of Costs of Issuance (as defined and provided in the Indenture) and to do and cause to be done any and all acts and things necessary or convenient for delivery of the Notes to the Purchaser. Section 4. Official Statement. The Agency hereby approves the Official Statement describing the Notes, in substantially the form of the preliminary official statement on file with the Secretary, together with any changes therein or additions thereto deemed necessary or advisable by the Executive Director, whose execution thereof shall be conclusive evidence of the approval of such changes by the Executive Director. Distribution of the preliminary Official Statement to prospective purchasers of the Notes is hereby ratified and approved. The Agency hereby authorizes the distribution by the Purchaser of the final Official Statement. The Executive Director is hereby authorized and directed to approve any changes in or additions to a final form of said Official Statement deemed advisable by the Executive Director, and to execute said final Official Statement for and in the name and on behalf of the Agency. Section 5. Reimbursement Agreement. The Agency hereby approves the Reimbursement Agreement in substantially the form on file with the Secretary together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director whose execution thereof shall be conclusive evidence of the approval of such changes by the Executive Director. The Executive Director is hereby authorized and directed to execute and deliver the Reimbursement Agreement for and in the name and on behalf of the Agency. Section 6. Management Agreement and Subordination Agreement. The Agency hereby approves the Management Agreement and Subordination Agreement in substantially the form on file with the Secretary together with any additions thereto or changes therein deemed necessary or advisable by the Executive Director whose execution thereof shall be conclusive evidence of the approval of such changes by the Executive Director. The Executive Director is hereby authorized and directed to execute and deliver the Management Agreement and the Subordination Agreement for and in the name and on behalf of the Agency and to execute any documents necessary to terminate the existing lease, with Park & Rail. The Agency hereby authorizes appropriation and payment of the sum of $7,000 to Park & Rail in consideration for Park & Rail entering into the Subordination Agreement. Section 7. Approval of Bidder. Dean Witter Reynolds Inc. is hereby authorized to bid on the Notes, said bid to be in accordance with the Official Notice of Sale for the Notes. Section 8. Delegation of Authority. Any act to be performed by the Executive Director of the Agency pursuant to this Resolution may be performed by the Executive Director, Assistant Executive Director, Deputy Executive Director or the Redevelopment -3 RA 87-27 Project Manager, or any other officer of the Agency designated by the Executive Director in writing with reference to the act to be performed. Section 9. Official Action. All actions heretofore taken by the officers and agents of the Agency with respect to the issuance and sale of the Notes are hereby approved, confirmed and ratified. The Executive Director, the Assistant Executive Director, the Deputy Executive Director, the Redevelopment Project Manager, the Treasurer, the Secretary and any and all other officers of the Agency are hereby authorized and directed, for and in the name and on behalf of the Agency, to do any and all things and take any and all actions, including execution and delivery of any and all assignments, certificates, requisitions, agreements (including but not limited to an agreement with the Contra Costa County Flood Control District relative to a loan by the Agency to the District of a portion of the proceeds of the Notes such that a portion of the SP Note in the amount of the loan will be forgiven and cancelled), notices, consents, instruments of conveyance, warrants and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the sale and issuance of the Notes and the refunding of the SP Note pursuant to the documents described herein. Section 10. Effective Date. This Resolution shall be effective upon the date of its passage and adoption. PASSED AND ADOPTED on December 8 , 1987, by the following vote: AYES: Commissioners Powers , Fanden, Schroder, Torlakson, and McPeak NOES: None ABSENT: None ABSTAIN: None thereby certify that this is a true and correct COPY Of iiia action Wken and entered on the mkwtes of the fledewelgjament Agency on the date shown. ATTISSTEM PHI!BATCHELOR,Agency Seeratory 0 I4y 440AEA d Deputy CC: Redevelopment Agency ( 10) County Counsel - County Administrator .a. RA 87-27