HomeMy WebLinkAbout6475_CCv0001.pdf RESOLUTION NO.6475
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING THE SUBMISSION OF AN APPLICATION TO THE
CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT
BANK FOR FINANCING OF THE REDLANDS SPORTS PARK AND
APPROVING CERTAIN OTHER MATTERS IN CONNECTION
THEREWITH
WHEREAS, the California Infrastructure and Economic Development Bank ("I-Bank")
administers a financing program to assist local governments with the financing of Public Development
Facilities as described in Section 63000 et seq. of the California Government Code(the "Act"); and,
WHEREAS, the I-Bank has instituted an application process for financing under its
Infrastructure State Revolving Fund Program("ISRF Program"); and
WHEREAS, the City of Redlands ("Applicant") desires to submit an application ("Financing
Application") to the I- Bank from the ISRF Program for the financing of the Redlands Sports Park
("Project")in an amount not to exceed $1,985,000; and
WHEREAS, the Act requires the Applicant to certify by resolution certain findings prior to a
Project being selected for financing by the I-Bank; and
WHEREAS, the ISRF Program requires funding sources, other than the ]-Bank financing, be
identified and approved prior to Project financing approval by the I-Bank Board;
NOW,THEREFORE,be it resolved by the City Council of the City of Redlands as follows:
Section 1, The City of Redlands hereby approves the filing of an ISRF Program Financing
Application with the [-Bank for the Project; and in connection therewith certifies:
a. that the Project is consistent with the General Plan of the City of Redlands;
b. that the County of San Bernardino's General Plan is inapplicable to the Project property
and, therefore, the Project is determined consistent with the County's General Plan;
C. the proposed financing is appropriate for the Project;
d. the Project facilitates effective and efficient use of existing and future public resources so
as to promote both economic development and conservation of natural resources;
e. the Project develops and enhances public infrastructure in a manner that will attract,
create and sustain long-term employment opportunities; and
f. the Project is consistent with the I-Bank's Criteria, Priorities and Guidelines for the ISRF
Program.
Section 2. That the Applicant has available and commits an amount not to exceed three million
nine hundred twelve thousand seventy one dollars ($3,912,071) to the Project.
Section 3. Mr. Jon Harrison, Mayor of City of Redlands, is hereby authorized and directed to act
on behalf of the City of Redlands in all matters pertaining to this application.
City of Redlands
Financing Application Number. I9-05-0200'
Section 4. If the application is approved, Mr. Ronald C. Mutter, Public Works Director, is
authorized to enter into and sign the financing documents and any amendments thereto with the
I-Bank for the purposes of this financing.
Section 5. This resolution shall become effective immediately upon adoption.
ADOPTED,SIGNED AND APPROVED this 21st day of March, 2006 by the following vote:
AYES: Councilmembers Gilbreath, Peppler, Gil, Gallagher; Mayor Harrison
NOES: None
ABSENT: None
ABSTAIN: Norte
Jo arrison
ayor
Attest:
Lorrie P, yzer,City
rt)
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO
CITY OF REDLANDS
I, Lorrie Poyzer, City Clerk of the City of Redlands, do hereby certify that the foregoing
Resolution No. 6475 was duly and regularly adopted at a regular meeting of the Redlands City Council,
which was duly noticed in accordance with Government Code section 54954.2 and held on 21st day of
March, 2006.
r
Lon: Poyzer
City Clerk
Cit} of Redlands
Financing Application Number. 15-05-0200