HomeMy WebLinkAboutCC RESO 2017-217RESOLUTION 2017 — 217
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE ESTABLISHMENT OF FACILITIES MAINTENANCE
FUND DEBT SERVICE APPROPRIATIONS TOTALING $363,286
FOR THE FISCAL YEAR 2018 PRINCIPAL AND INTEREST PAYMENTS
FOR THE FACILITIES LEASE ISSUED TO FUND THE ENERGY SERVICES
AGREEMENT IMPLEMENTATION COSTS; A TRANSFER OF $363,286
FROM THE GENERAL FUND TO THE FACILITIES MAINTENANCE FUND
USING THE GENERAL FUND FUND BALANCE
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
to begin making the necessary expenditures, a transfer of $363,286 of General Fund fund
balance to the Facilities Maintenance Fund is necessary to establish the debt service
appropriations within the Facilities Maintenance Fund.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
National City hereby authorizes the establishment of a Facilities Maintenance Fund debt service
appropriation totaling $363,286 for the Fiscal Year 2018 principal and interest payments for the
Facilities Lease issued to fund the Energy Services Agreement implementation costs.
BE IT FURTHER RESOLVED that the City Council authorizes a transfer of
$363,286 from the General Fund to the Facilities Maintenance Fund using General Fund fund
balance.
ATTEST:
/J
Mi ael R. Dalla, 'ty Clerk
PASSED and ADOPTED this 7th day of November 7.
on Morrison, Mayor
APPROVED AS TO FORM:
Angi i.rris-Jone
C . rney
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
Jerk of the
City
National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2017-217 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