HomeMy WebLinkAboutRESOLUTIONS - 01011998 - 1998-410 D.5
RESOLUTION NO. 98/410
A RESOLUTION APPROVING OBLIGATIONS TO BE UNDERTAKEN BY THE
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
TO BENEFIT CALIFORNIA SHOCK TRAUMA AIR RESCUE
Local Government
Participant: County of Contra Costa,California
Authority: California Statewide Communities Development Authority
Institution. California Shock Trauma Air.Rescue,d/b/a CALSTAR or an affiliate
Project: Acquisition and installation of air rescue helicopters and related
property
Maximum
Principal Amount: $5,000,000
Public Hearing Date. August 4, 1998
WHEREAS,the Institution has requested that the Authority enter into an Installment Purchase
Agreement for the purpose of providing funds for the Project and related costs located or to be located
in the jurisdiction of the Local Government Participant; and
WHEREAS, under the Installment Purchase Agreement the Authority will agree to make, but
solely from the Institution Purchase Payments and other sources mentioned in the Installment Purchase
Agreement, Installment Payments of principal, premium, if any, and interest in a principal amount not
exceeding the Maximum Principal Amount and the Institution will agree to make Institution Purchase
Payments in amounts equal to the Installment Payments, and
WHEREAS, the Authority has requested that the governing body of the Local Government
Participant approve the execution and delivery of the Installment Purchase Agreement and the Project
in order to satisfy the public approval requirement of Section 147(f) of the Internal Revenue Code of
1986, as amended (the "Code"), and the requirements of Section 9 of the Amended and Restated Joint
Exercise of Powers Agreement (the "Joint Powers Agreement"). dated as of June 1, 1988, among
certain local agencies. including the Local Government Participant; and
WHEREAS, the Local Government Participant held a public hearing on the Public Hearing
Date providing a reasonable opportunity for persons to comment on the execution and delivery of the
Installment Purchase Agreement and the Project; and
WHEREAS, it is intended that this resolution shall constitute the approval of the execution
and delivery of the Installment Purchase Agreement and the Project required by Section 147(f) of the
Code, Section 9 of the Joint Powers Agreement and Section 91530(f) of the Government Code of the
State of California;
NOW, THEREFORE, BE IT RESOLVED, by the governing body of the Local Government
Participant,that the execution and delivery of the Installment Purchase Agreement and the Project are
hereby approved for the purposes of Section 147(f) of the Code and Section 9 of the Joint Powers
Agreement.
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RESOLVED FURTHER, the Clerk of the Local Government Participant shall certify the
adoption of this resolution, and thenceforth and thereafter the same shall be in full force and effect.
The undersigned hereby certifies that the foregoing resolution was approved and adopted by the
governing body of the Local Government Participant this 4th day of August, 1998, by the following
vote:
AYES: Supervisors Uilkema, Gerber PeSa lm emery fAm;am;t l a and urgers
NOES: Nome
ABSTAIN: None
ABSENT: None
[SEAL] PHIL BAER, Clerk of the Board of Supervisors
and Gounty Administrator, sta
By �
Depu y er
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