HomeMy WebLinkAboutRESOLUTIONS - 01011999 - 1999-637 132o..
RESOLUTION NO.99/637
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 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 Issuer reasonably expects that debt obligations in an amount not
expected to exceed $40,000,000 will be issued 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 Issuer 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,
Section 4. This declaration shall take effect from and after its adoption.
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PASSED AND ADOPTED on December-14, 1999
lfh4r of the Board of Supervisors
County of Contra Costa, California
[Seal]
ATTEST: Philip I Batchelor, Clerk of the
Board of Supervisors and
County Administrator
By- 4 `�
Deputy Clerk of the Board of
Supervisors of the County of
Contra Costa, California
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EXHIBIT A TO REIMBURSEMENT RESOLUTION
Description of Project Estimated Amount to be Borrowed
Animal Shelter Replacement $ 6.0 million
Martinez Ambulatory Care Facility 22.5 million
Family Law Center 4.0 million
Los Medanos Health Center 3,0 million
Upper Summit Center Land Acquisition 3.0 million
And Site Improvements
$ 38.5 million
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CLERK'S CERTIFICATE
I, Ann Cervelli 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 December 14,199W 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:
A'YES: Supervisors Gioia, Uilkema, Gerber, DeSaulnier and Canciamilla
NOES: None
ABSTAIN: None
ABSENT: 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 l z.th clay of
December,1999 .
[Seal]
Deputy Clerk of the Board of Supervisors
of the County of Contra Costa,California
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