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HomeMy WebLinkAboutCC Resolution 14433 (Bond Proceeds Expenditure Reimbursement)RESOLUTION NO. 14433 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL DECLARING INTENTION TO REIMBURSE EXPENDITURES FOR CERTAIN CAPITAL PROJECTS FROM THE PROCEEDS OF TAX-EXEMPT OBLIGATIONS WHEREAS, the City of San Rafael (the “City”) intends to issue, or to have the San Rafael Joints Powers Financing Authority issue, tax exempt bonds or certificates of participation (the “Obligations”) in order to provide funds to aid in the construction of the projects described in Exhibit A hereto (the “Projects”); and WHEREAS, United States Income Tax Regulations section 1.150-2 provides generally that proceeds of tax-exempt debt are not deemed to be expended when such proceeds are used for reimbursement of expenditures made prior to the date of issuance of such debt unless certain procedures are followed, one of which is a requirement that (with certain exceptions), prior to the payment of any such expenditure, the issuer declares an intention to reimburse such expenditure; and WHEREAS, the City intends to expend funds for the Projects and to reimburse itself, in whole or in part, from the proceeds of the Obligations; and WHEREAS, the City Council of the City wishes at this time to take the necessary actions to declare its official intent to reimburse the expenditures referenced herein from the proceeds of the Obligations. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Rafael, as follows: Section 1. Issuance of Obligations. The City hereby confirms its intention to issue the Obligations to finance all or a portion of the Projects. Section 2. Reimbursement. The District hereby declares that it may (i) pay certain costs of the Projects prior to the date of issuance of the Obligations and, in such case, (ii) intends to use a portion of the proceeds of the Obligations for reimbursement of expenditures for the Projects that are paid before the date of issuance of the Obligations but not earlier than 60 days prior to the date of adoption of this Resolution. Section 3. Effective Date of Resolution. This Resolution shall take effect from and after the date of its passage and adoption. I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the City Council of the City of San Rafael held on the 18th day of December, 2017, by the following vote, to wit: AYES: COUNCILMEMBERS: Bushey, Colin, Gamblin, McCullough & Mayor Phillips NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None ESTHER C. BEIRNE, City Clerk EXHIBIT A DESCRIPTION OF THE PROJECTS Replacement of Fire Station 57, located at 3530 Civic Center Drive The new 9,855 square foot, two-story fire station, will remain located at 3530 Civic Center Drive in San Rafael, California, and will house five on-duty fire fighters/paramedics. The new station is designed to accommodate six on-duty personnel should additional staffing be required to better serve the community. The core elements of the new station include three drive-through apparatus bays, apparatus support spaces, public lobby, accessible restroom, office, kitchen, dining, dayroom, laundry room, private sleeping quarters, unisex restrooms, mechanical, electrical, communications rooms and staff parking. Other notable site/adjacent improvements include access aprons and sidewalk replacement along Civic Center Drive, median(s) in front of the station on Civic Center Drive will be modified to align with the new apparatus bay location, a “keep clear” zone will be striped in front of the apparatus bay apron on Civic Center Drive. Prior to the commencement of demolition activity, and in order to maintain uninterrupted service to the community, personnel and equipment from Fire Station 57 were relocated to Fire Station 53 at 30 Joseph Court, San Rafael, California. Modest modifications to Fire Station 53 were implemented as part of the relocation effort. Replacement of Fire Station 52, located 210 3rd Street The new 10,973 square foot, two-story fire station, will remain located at 210 Third Street, San Rafael, California, and will house five on-duty fire fighters. The new station is designed to accommodate six on-duty personnel should additional staffing be required to better serve the community. The core elements of the new station include three drive-through apparatus bays, apparatus support spaces, public lobby, accessible restroom, office, kitchen, dining, dayroom, laundry room, private sleeping quarters, unisex restrooms, mechanical, electrical, communications rooms and staff parking. Other notable site/adjacent improvements include a second new structure will be a four-story training tower. The new 3,322 square foot, 46’ high, pre-engineered building will be located at the south/east corner of the site and will provide a variety of training scenario opportunities, not only for SRFD, but also for other neighboring fire departments. Finally, the third new building on the site will be a 1,297-square foot, 24-person, training classroom. The facility will serve as a training academy by day and will be utilized in the evening for certification training/meetings, CPR classes, and other fire prevention functions. Construction of Public Safety Center – 5th Avenue between C Street and D Street The project is a new, 44,000-square-foot Public Safety Center for fire, police and emergency services to replace the existing Fire Station 51 (Downtown Fire Station). The project includes a subterranean garage, public plaza and associated site and landscaping improvements.