HomeMy WebLinkAboutRESOLUTIONS - 01012000 - 2000-202 r r C.1
RESOLUTION NO. 2000/2.02
OF THE BOARD OF SUPERVISORS OF TIDE COUNTY OF CONTRA COSTA, CALIFORNIA
RESOLUTION DECLARING THE OFFICIAL INTENT
OF THE COUNTY OF CONTRA COSTA
TO REIMBURSE CERTAIN EXPENDS
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 or the Contra Costa County Fire
Protection District (the"District") as described in Exhibit A hereto (the"Project");
WHEREAS, the Issuer and the District expect 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 $60,000,000 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 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 and the.District for Reimbursement Expenditures.
Section 4. This declaration shall take effect from and after its adoption.
rxMsxi:407390.1
Resolution 2000/242
PASSED AND ADOPTED on gay r i 1 181, 2 0 0 0'di .
air of the ILod of Supervisors
County of Contra Costa, California
[Seal]
ATTEST: Philip J. Batchelor, Clerk of the
Board of Supervisors and
County Administrator
B
Y
Deputyler f the Board of
Supervisors fthe County of
Contra Costa, California
DacssxI.407390.1 2
Resolution 20001202
EXHIBIT A TO REIMBURSEMENT RESOLUTION
Desori�tion of Project
District Fire Stations and Equipment
County Animal Control Facilities
County Health and Human Services Facilities
County Office Facilities
County Courts Facilities
DOcssFr:407390.1
Resolution 2000/202