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HomeMy WebLinkAboutCC RESO 2017-216RESOLUTION 2017 — 216 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE ESTABLISHMENT OF A REVENUE BUDGET IN THE AMOUNT OF $5,523,602 FOR FACILITIES LEASE PROCEEDS TO FINANCE THE ENERGY SERVICES AGREEMENT IMPLEMENTATION COSTS; AN ENERGY SAVINGS PROJECT APPROPRIATION OF $5,403,308 FOR THE ESA IMPLEMENTATION COSTS; AND AN APPROPRIATION OF $120,294 FOR ISSUANCE COSTS OF THE FACILITIES LEASE WHEREAS, on June 20, 2017, the City Council adopted Resolution No. 2017- 129 authorizing the Mayor to execute the Energy Services Agreement, Phase II, (ESA) with Ameresco, Inc., to develop and conduct energy efficiency and renewable energy upgrades at City Facilities; and WHEREAS, on June 20, 2017, the City Council adopted Resolution No. 2017- 127, authorizing designated City representatives to execute and deliver, for and on behalf of the City, any and all documents and instruments, and enter into any and all agreements, necessary to consummate the transactions required to carry out the project financing requirements; and WHEREAS, to comply with the terms of the two aforementioned Resolutions and begin making the necessary expenditures, a revenue budget in the amount of $5,523,602 must be established for Facilities Lease proceeds to finance the ESA implementation costs as an Energy Savings Project appropriation of $5,403,308 for the ESA implementation costs and an appropriation of $120, 294 for issuance costs of the Facilities Lease. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes the establishment of a revenue budget in the amount of $5,523,602 for Facilities Lease proceeds to finance the ESA implementation costs as an Energy Savings Project appropriation of $5,403,308 for the ESA implementation costs and an appropriation of $120, 294 for issuance costs of the Facilities Lease. PASSED and ADOPTED this 7th day of November, 2017. ATTEST: 1/ Michael R. Dalla, City Clerk Morrison, Mayor APPROVED AS TO FORM: Passed and adopted by the Council of the City of National City, California, on November 7, 2017 by the following vote, to -wit: Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California City erk of the City ofj4ational City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2017-216 of the City of National City, California, passed and adopted by the Council of said City on November 7, 2017. City Clerk of the City of National City, California By: Deputy