HomeMy WebLinkAboutCC RESO 2001 - 69RESOLUTION NO. 2001 - 6 9
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO APPROVE SUBMITTAL OF
AN APPLICATION TO THE CALIFORNIA INFRASTRUCTURE AND
ECONOMIC DEVELOPMENT BANK FOR FINANCING OF THE
FIRE STATION PROJECT AND APPROVING CERTAIN
OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the California Infrastructure and Economic Development Bank
("Infrastructure 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 Infrastructure Bank has instituted an application process for
financing under its Infrastructure State Revolving Fund Program; and
WHEREAS, the City of National City desires to submit an application ("Loan
Application") to the Infrastructure Bank for the financing of the Fire Station Project
("Project"); and
WHEREAS, the Act requires the Applicant to certify by resolution certain
findings prior to a Project being selected for fmancing by the Infrastructure Bank.
NOW, THEREFORE, the City of National City does resolve as follows:
Section 1. The City of National City hereby approves the filing of a Loan
Application with the Infrastructure Bank for the Project; and in connection therewith certifies:
a. That the Project is consistent with the General Plan of both the City of National City
and the County of San Diego;
b. The proposed financing is appropriate for the Project;
c. 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.
d. The Project develops and enhances public infrastructure in a manner that will attract,
create, and sustain long-term employment opportunities; and
e. The Project is consistent with the Infrastructure Bank's Criteria, Priorities and
Guidelines for the Infrastructure State Revolving Fund Program.
Section 2. This resolution shall become effective immediately upon
adoption.
-- Signature Page to Follow --
Resolution No. 2001 — 69
May 8, 2001
Page Two
PASSED and ADOPTED this 8th day of May, 2001.
George H. aters, Mayor
ATTEST:
Mich. -1 R. Dalla, Clerk
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney