HomeMy WebLinkAboutMINUTES - 01222008 - C.61 (3) 4
TBOARD OF SUPERVISORS Ont
FROM: JOHN CULLEN, CAO
Costa
DATE: January 22, 2008 :
SUBJECT: REIMBURSEMENT RESOLUTION County
FOR 300, 400 AND 500 ELLINWOOD WAY, PLEASANT HILL,
FOR THE EMPLOYMENT AND HUMAN SERVICES DEPARTMENT
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ADOPT Resolution No. 2008/ w\� allowing the County to reimburse certain expenditures for
capital improvements to 300, 400 and 500 Ellinwood Way, Pleasant Hill, for the Employment
and Human Services Department (EHSD).
FISCAL IMPACT:
No fiscal impact associated with this action. This is a non-binding action that would allow the
County to reimburse itself for costs associated with the subject project if the Board decides to
issue bonds to finance the project at a future date.
BACKGROUND:
The County is currently negotiating a lease for EHSD to occupy the property described above.
As currently contemplated, the lease would involve significant capital improvements to the
property that would be partially paid for by the County. The County's share of these costs is
currently estimated at $19.5 million. The Board may wish to consider financing the cost of such
improvements with bonds at a future date. This resolution would fulfill legal requirements to
allow the County to reimburse itself with bond proceeds for certain costs incurred prior to a
subsequent bond issuance.
CONTINUED ON ATTACHMENT: VI YES SIGNATURE:
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_1�ECOMMENDATION OF COUNTY ADMINISTRATOR RECOMME ATION OF BOARD CO
__L/APPROVE OTHER
SIGNATURE(S): It
------------- - - - --- -- - ACTION OF
-----------------------------------------------------ACTION ON V .Z� PROVE AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
UNANIMOUS(ABSENT Q y'! y� ) AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN,
ABSENT: ABSTAIN:
ATTESTED
CONTACT: Jason Crapo, CAO JOHN CULLEN, OF THE BOARD OF
CC: SUPERVISORS AND COUNTY ADMINISTRATOR
Lisa Driscoll,CAO
Dick Awenius,General Services
Mike Jameyson, Employment and Human Services
BY �^-�"Y�---- DEPUTY
RESOLUTION NO. 2008/ 65
OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA,CALIFORNIA
RESOLUTION DECLARING THE OFFICIAL INTENT
OF THE COUNTY OF CONTRA COSTA
TO REIMBURSE CERTAIN EXPENDITURES
FROM PROCEEDS OF INDEBTEDNESS
WHEREAS, the County of Contra Costa(the"Issuer") intends to acquire,
construct and improve certain facilities for use by the Issuer as described in Exhibit A hereto (the
"Project");
WHEREAS,the Issuer expects to pay, beginning no earlier than November 23,
2007 and will pay, on and after the date hereof, certain expenditures (the "Reimbursement
Expenditures") in connection with the Project prior to the issuance of indebtedness for the
purpose of financing costs associated with the Project on a long-term basis;
WHEREAS, the Board of Supervisors of the County(the "Board") has
determined that those moneys previously advanced no more than 60 days prior to the date hereof
and to be advanced on and after the date hereof to pay the Reimbursement Expenditures are
available only for a temporary period and it is necessary to reimburse the County for the
Reimbursement Expenditures from the proceeds of one or more issues of tax-exempt obligations
(the "Bonds").
WHEREAS, the Issuer reasonably expects that Bonds in an amount not expected
to exceed$25 million will be issued, in one or more series, and that certain of the proceeds of
such debt obligations will be used to reimburse the Reimbursement Expenditures; and
WHEREAS, Section 1.150-2 of the Treasury Regulations requires the Issuer to
declare its reasonable official intent to reimburse prior expenditures for the Project with proceeds
of a subsequent borrowing;
NOW, THEREFORE,BE IT RESOLVED BY the Board of Supervisors of the
County of Contra Costa as follows:
Section 1. The Board finds and determines that the foregoing recitals are true and
correct.
Section 2. This declaration is made solely for purposes of establishing
compliance with the requirements of Section 1.150-2 of the Treasury Regulations. This
declaration does not bind the Issuer to make any expenditure, incur any indebtedness, or proceed
with the Project.
Section 3. The Issuer hereby declares its official intent to use proceeds of
indebtedness to reimburse itself for Reimbursement Expenditures.
DOCSSF1:591995.1
40511-121 tizaC RESOLUTION NO. 2008/65
Section 4. This declaration shall take effect from and after its adoption.
PASSED AND ADOPTED on JANUARY 22, 2008
Chair of the Board of Supervisors
County of Contra Costa, California
[Seal]
ATTEST: John Cullen Clerk of the
Board of Supervisors and
County Administrator
Byzg?��
Deputy Clerk of the Board of
Supervisors of the County of
Contra Costa, California
DOCSSF1:591995.1
40511-121 MAC 2
EXHIBIT A TO REIMBURSEMENT RESOLUTION
Description of Project
Construction of capital improvements, including equipment and furnishings, to office buildings
at 300, 400 and 500 Ellinwood Way, Pleasant Hill, CA, for use by the Employment and Human
Services Department.
DOCSSF 1:591995.1
40511-121 TvLAC
CLERK'S CERTIFICATE
I, EMEI,DA L. SHARP , Deputy Clerk of the Board of Supervisors of
the County of Contra Costa(the "County"), hereby certify as follows:
The foregoing is a full, true and correct copy of a resolution duly adopted at a
regular meeting of the Board of Supervisors of the County duly, regularly and legally held at the
regular meeting place of the County in Martinez, California, on JAMIARYY 22, 2008, of which
meeting all of said directors of the County had due notice and at which a majority thereof were
present and acting throughout;
At said meeting said resolution was adopted by the following vote:
AYES: Gioia, Uilkema, Piepho, Bonilla,
and Glover
NOES: None
ABSENT: None
ABSTAIN: None
I have carefully compared the foregoing with the original minutes of said meeting
on file and of record in my office, and the foregoing is a full, true, and correct copy of the
original resolution adopted at said meeting and entered in said minutes; and
Said original resolution has not been amended, modified or rescinded since the
date of its adoption, and the same is now in full force and effect.
I further certify that an agenda of said meeting was posted at least 72 hours before
said meeting at a location in Martinez, California, freely accessible to the public and a brief
general description of the resolution to be adopted at said meeting appeared on said agenda.
WITNESS my hand and the seal of the County of Contra Costa this 22ndday of
JANUARY, 2008
[Seal]
De uty Clerk of the Board of Supervisors
of the County of Contra Costa, California
DOCSSP'1:591995.1
40511-121 INLAC