HomeMy WebLinkAboutCC RESO 2010-215RESOLUTION NO. 2010 — 215
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
ADJUSTING THE FACILITIES MAINTENANCE FUND (FUND 626)
APPROPRIATIONS BY $450,000 TO ESTABLISH DEBT SERVICE PRINCIPAL AND
INTEREST ACCOUNTS FOR PAYMENTS TO THE CITY NATIONAL BANK DEBT
SERVICE FOR THE HONEYWELL BUILDING SOLUTIONS ENERGY RETROFIT
PROGRAM IN THE AMOUNT OF $346,850, AND FUNDS IN THE AMOUNT
OF $103,150 FOR UNDER -BUDGETED GAS AND ELECTRIC COSTS
WHEREAS, on May 16, 2010, the City Council adopted Resolution No. 2010-
41, entering into an Agreement with Honeywell Building Solutions for a budget -neutral, self -
funded comprehensive Energy Retrofit Program totaling $1.7 Million; and
WHEREAS, through the adoption of Resolution No. 2010-42, the City entered
into a fifteen (15) year lease with Municipal Finance at 4.95% with principal and interest
payments due quarterly; and
WHEREAS, a debt service principal and interest account must be established to
cover the upcoming payments totaling $346,850, and funding of $103,150 in account 626-422-
223-234-0000 to cover gas and electricity costs that were under budgeted, for a total of
$450,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the adjustment of the Facilities Maintenance Fund (Fund 626)
appropriations by $450,000 for the establishment of debt service principal and interest
accounts for the Honeywell Building Solutions Energy Retrofit Program and to cover gas and
electricity costs that were under budgeted.
PASSED and ADOPTED this 21st day of September, 2010.
on Morrison, Mayor
ATTEST:
4.1/
Michael R. Della, y Clerk
APPROVED AS TO FORM:
C"'ia . Sily
City Attorney
Passed and adopted by the Council of the City of National City, California, on
September 21, 2010 by the following vote, to -wit:
Ayes: Councilmembers Morrison, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
City CI k of the City of ational City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2010-215 of the City of National City, California, passed and
adopted by the Council of said City on September 21, 2010.
City Clerk of the City of National City, California
By:
Deputy