HomeMy WebLinkAboutRESOLUTIONS - 01012004 - 2004-120 . 1
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RESOLUTION N0.2004/120
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$5,000,000 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:
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, orp roceed
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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CLERKS CERTIFICATE
15 LM OIW-& Deputy Clerk of the Board of Supervisors of
'A'
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, onMARM 2Q(V1 , of which
meeting all of said directors of the County had due notice and ai�which a majority thereof were
present and acting throughout;
At said meeting said resolution was adopted by the following vote:
AYES: 61 pMjLSORS Gj0jA,UjLjM4AGR19NBM.DeSAM1ffM AM GLUM
NOES: NM
ABSENT:
otm
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 day of
NAM4 2M4
[Seal]
Deputy Clerk of the Board of Supervisors
of the County of Contra Costa,California
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40511-121 MAC
PASSED AND ADOPTED on MMM 16, 2004
Chaff f the Board oYSupervisors,
County of Contra Costa,, California
[Seal]
ATTEST: John R. Sweeten Clerk of the
Board of Supervisors and
County Administrator
By
Deputy Clerk of the Board of
Supervisors of the County of
Contra Costa, California
I)OCSSF1:591995.1
40511-121 MAC 2
EXHIBIT A TO REIMBURSEMENT RESOLUTION
Description of Project
Installation of energy efficiency improvements to County facilities and purchase of related
equipment,including equipment for heating, ventilating and air conditioning systems, lighting
systems and cogeneration plants.
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40511-121'.NIAC