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HomeMy WebLinkAboutRESOLUTIONS - 01012000 - 2000-577 V15 To: BOARD OF SUPERVISORS , .; -. CONTRA - COS'T'A FROM: PHIL BATCHELOR, COUNTY ADMINISTRATORCOUNTY ~4. DATE: December 19, 2000 SUBJECT: CALIFORNIA SHOCK TRAUMA AIR RESCUE FINANCING SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDA"TIO Vis). 1. Hold a public hearing on the proposed financing of the California Statewide Communities Development Authority. 2. APPROVE the obligations to be undertaken by the California Statewide Communities Development Authority to benefit the California Shock Trauma Air Rescue (CALSTAR) in an amount not to exceed $2,275,000 for air rescue helicopters, other rescue equipment and related Property. (Resolution No, 2000/577) BACKGROUND: As of June 1, 1995, the County entered into a Joint Powers Agreement to provide financing for the purchase of air rescue helicopters and related equipment. These obligations are issued by the California Statewide Communities Development Authority. The County is not liable for repayment of any part of the debt service associated with these obligations. The financing will be used to purchase a Bell 222 UT helicopter that will be located in the County of Contra Costa at the Buchanan Field Airport. CONTINUED ON ATTACHMENT: X YES SIGNATURE: ECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE DROVE OTHER SIGNATURE(8): ACTION OF BOARO O APPROVED A$RECOMMENDED X OTHER See AddeVum for Beard action VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS I$A UNANIMOUS(ABSENT TRUE AND CORRECT COPY OF AN AYES: __ NOES: ACTION TAKEN AND ENTERED ABSENT:._ABSTAIN: ON MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. *District V Seat Is VAcant ATTESTED Decembar 19, 2000 PHIL, TCHELOR,C RIC OF THE RD OF SIJ MORS BY DEPUTY Contact: Laura Lockwood, CAO--Capital Facilities and Debt Management 5-1093 cc: GAO — Capital Facilities & Debt Management RESOLUTION NO. 2000/577 A RESOLUTION APPROVING THE ISSUANCE OF TAX-EXEMPT OBLIGATIONS BY THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY Local Government Participant: County of Contra Costa, California Issuer: California Statewide Communities Development Authority Borrower: California Shock Trauma Air Rescue,d/b/a CALSTAR or an affiliate Equipment: Air rescue helicopters, other air rescue equipment and related property Maximum Principal Amount: $2,275,000 Public Hearing Date: December 19, 2000 WHEREAS, the Borrower has requested that the Issuer issue its notes, bonds or any other evidence of indebtedness (the "Obligations") in an aggregate principal amount not expected to exceed the Maximum Principal Amount for the purpose of providing funds for the financing of the Equipment and related costs located or to be located in the jurisdiction of the Local Government Participant; and WHEREAS, the Issuer has requested that the governing body of the Local Government Participant approve the issuance of the Obligations and the Equipment 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 Dearing Date providing a reasonable opportunity for persons to comment on the issuance of the Obligations and the Equipment;and WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of the Obligations and the Equipment 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 issuance of the Obligations and the Equipment are hereby approved for the purposes of Section 147(f)of the Code and Section 9 of the Joint Powers Agreement. MCDA-SCID&PARTICIPANTDOCS(B/n 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 19'h day of December, 2000, by the following vote: APES: Sui7ervisors Gioia, Uilkema, DeSaulnier and Gerber NOES: Nnnp ABSTAIN: None ABSENT: District V Seat Is Vacant Phil Batchelor [SEAL] Clerk of the Board of Supervisors of Contra Costa County By fl ed Deputy CSCDA-MIDS-PAR7"ICIPAN-MOCS(Wn -2- ' �yµuwrrrss. �r 7+ CALIFORNIA COMMUNITIES November 29, 2000 VIA FACSIMILE 19251 646-1228 AND REGULAR MAIL Ms. Laura Lockwood Capital Facilities/Debt Management Director County of Contra Costa County Administrator's Office 651 Pine Street, 6th Floor Martinez, CA 94553 Re: Public Hearing for the California Shock Trauma Air Rescue dba CALSTAR Dear Laura: As we discussed, California Shock Trauma Air Rescue dba CALSTAR, a non-profit public benefit organization (the "Applicant"), has submitted to the California Statewide Communities Development Authority (the ".Authority") an application (the "Application") for the financing of an air ambulance helicopter (the "Project") in an amount not to exceed $2,275,000 of tax-exempt obligations. The Project will be located in the County of Contra Costa. The purpose of this letter is to request the assistance of the County of Contra Costa in conducting on Tuesday; December 19,2000 a public hearing with respect to the proposed financing. As you are aware, the Authority is a joint exercise of powers authority consisting of numerous California cities, counties and special districts, including the County of Contra Costa. The Authority pursuant to its Amended and Restated Joint Exercise of Powers Agreement is authorized to assist in the financing of facilities for non-profit public benefit organizations, including the Applicant. In order to initiate such a financing, the member participant of the Authority in which the proposed facilities will be located must (i) conduct a public hearing and (ii) approve the Authority's issuance of indebtedness. Therefore, although the Authority will be the issuer of the tax-exempt obligations for the Applicant, the financing cannot proceed without the approval of the County of Contra Costa. I have attached for your review the Application filed by the Applicant with the Authority. You will be receiving shortly a letter from Janelle Jackson of Gilmore & Bell, bond counsel to the Authority, describing the public hearing processand the requirements under state. and federal laws, including the Tax and Equity Fiscal Responsibility Act (TEFRA). This letter will also include for`yours review the form of 'Notice of Public Hearing and the form of Board of Supervisor Resolution evidencing'the County's'approval of'the financing. Bond Counsel, at your option, can coordinate'for you the publication of the Notice and the adoption of the Resolution. Sponsored By : California State Association of Counties • League of California Cities 2175 N. California Blvd., Suite 550 Walnut Creek, California 94596 • 800.635.3993 925.933.9229 • Fax 925.933.8457 • Email: info@cacommunities.com www.cacommunities.com -2— November 29,2000 Thank you for your assistance in this matter. Please let me know if you require any additional information concerning the scheduling of such public hearing or if 1 can be of any other assistance. Very truly yours, P..:4j<5� Michael LaPierre Enclosures cc: Janelle Jackson, Gilmore &Bell (816-221-1018) Ann Cervelli, Clerk of the Board of Supervisors (925-335-1913 From:califomia Communities To:Joe Cook Date:8118/00 Time:4:17:08 PM Page 2 of 3 0 i Non-Profit Financing Application APPLICANT INFORMATION Borrower Name: California Shock Trauma Air Rescue dba CALSTAR Primary Contact: Joseph F.Cook Title: President & CEO Street Address: 20876B Corsair Blvd. City: Hayward State: CA Zip Code: 94545 Telephone: ( 510 )887-3063 Pax N umber: ( 51 0 ) 887-3185 E-Mail: CALSTAR 6 @ aol.com Type of Non-Profit Health Care 7 Education ® Other(specify): Services Offered: Helicopter Ambulance PROJECT DESCRIPTION COST TO BE FINANCED ADDRESS OF PROJECT SITE: Land: $ Building: $ Equipment: $ 1 1750_ 00... Same TOTAL: $ PUBLIC BENEFIT SUMMARY Please describe the public benefits your project will create. Bell 222 UT helicopi:.er that once modified willbe used in our , nonprofit mission.This helicopter will be used to transport seriously ill &injured patients to needed medical care. ADDENDUM TO ITEM D.5 DECEMBER 19, 2000 On this date the Board of Supervisor held a hearing on the proposed financing of the California Statewide Communities Development Authority. Laura Lockwood, County Administrator's Office, presented the report on the item commenting that this hearing was required under Federal tax law and that the Board was a conduit issuer for the California Statewide Community Development Authority, a joint powers authority for the League of Cities and the California Association of Counties. Supervisor Uilkema requested clarification that there were no County obligations or costs in the future anticipated as a result of this action today. Ms. Lockwood confirmed that there were none. Supervisor DeSaulnier commented on opportunity for discussion with operators relative sensitivity to the noise issues, and he moved the recommendations.