HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-040 RESOLUTIONS NO.2003/40
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 EXPENI7IT TRES
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 E ghi iL&hereto(the
ii`(]r oje cc').
..C��1�V7 L�i`r�irrL6 3
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$2.5 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:
Sgplion 1. The Board finds and determines that the foregoing recitals are true and
correct.
Section,. 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 tape effect from and after its adoption.
DOCSSF I:5s1145.1
40517-121 MAC
PASSED AND ADOPTED on_ & 4, 2003
Chair of the Board of Supervisors
County of Contra Costa, California
[Seal)
ATTEST: John R Sweeten Clerk of the
Board of Supervisors and
County Administrator
By ikaW
Deputy Clerk of the Board
Supervisors of the County of
Contra Costa, California
I:OCS01:591995.1
40511-121 MAC ,
E22UM ATTO RESQLUTION
DesgdWQn of.Edect
Acquisition and installation of replacement HVAC systems for the Employment and Human
Services Department at 30 and 40 Muir Road,Martinez, CA.
L)tJCS5�'1.591495.z
40511-121 MAC
CIMWS CERTIFICATE
I, pm-iieiie Keiiy ,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 rebruaty.4 2003 , 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: SO1 wisORs Giou, UnKm, mom and. Da."aAti[. m
NOES: r=
ABSENT: qypmvLqm Dmm cERM
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..4tb_day of
Feb� 2003
[ ]
Deputy Clerk of the Board of Oupervisors
of the County of Contra Costa,California
DOCSSF1.591995A
40511-123 MAC
C041
TO: BOARD OF SUPERVISORS
Contra
r
FROM: JOHN SWEETEN, CAO '. Costa
DATE: FEBRUARY 4, 2003 � -
Co
SUBJECT: REIMBURSEMENT RESOLUTIONunt
FOR HVAC REPLACEMENTS AT 3U ANU 4v muiK RD., MARTINEZ,
FOR THE EMPLOYMENT AND HUMAN SERVICES DEPARTMENT
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION'
ADOPT Resolution No, 2003/40 allowing the County to reimburse certain expenditures for
replacement of HVAC systems at 30 and 40 Muir Rd., Martinez, for the Employment and
Human Services Department, Workforce Services Bureau, from the proceeds of an upcoming
lease revenue bond financing.
FISCAL 1M ACT:
The General Services Department has estimated that the HVAC replacements at 30 and 40
Muir Rd. will cost $2.5 million. Financed over 15 years at an assumed interest rate of 5%, this
project will result In Increased annual debt service of approximately $250,000 to be charged to
the Employment and Human Services Department. State and Federal funding sources will
reimburse 80% of this debt service cost, resulting in a $50,000 annual cost to the County.
BACK ROUND
The existing HVAC systems at 30 and 40 Muir Rd. are 22 years old and well past the suggested
15 year useful life for such systems. Due to, age, these heating and cooling systems are not
operating properly and are causing discomfort to employees occupying the buildings. There Is
a substantial risk of failure If these HVAC systems are not replaced soon. A system failure
would necessitate an emergency replacement, leading to work disruptions and increased costs
compared to a scheduled replacement of these systems.
CONTINUED ON ATTACHMENT: V YI=S SIGNATURE:
A�ECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
PPROVE ,____,OTHER
SIGNATURE(S):Q&e e_�r
BOARD ON APPROVE AS RECOMMENDED X OTHER ACTION OF
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
_,X—UNANIMOUS(ABSENT LU I AND ENTERED ON THE MINUTES OF THE
BOARD OF SUPERVISORS ON THE DATE
AYES: NOES: SHOWN.
ABSE : ABSTA
ATTESTED Fe r4a 2003
CONTACT: Laura Lockwood,5-1093 JOHN SWEETEN,CLERK OF THE BOARD OF
CC: SUPERVISORS AND COUNTY ADMINISTRATOR
CAO
General Services(Capital Project Management)
Employment and Human Services
BY DEPUTY
Resolution NO. X73}4