2013/04/09 City Council Resolution 2013-066RESOLUTION NO. 2013 -066
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING AN INTERFUND LOAN FROM THE TRAFFIC SIGNAL FUND
TO THE CAPITAL PROJECT FUND FOR THE PUBLIC SAFETY BUILDING
PROJECT 92012 -12
WHEREAS, the City Council approved Quattrocchi Kwok Architects (QKA) to
investigate water leaks at the Public Safety Building for the project, "Department of Public
Safety Roof Replacement and Exterior Improvements," Project 2012 -12; and
WHEREAS, QKA investigated the Public Safety Building to find several contributors
to the water leaks, and exterior wall, insulation and plaster surrounding the windows are
deteriorating; and
WHEREAS, the construction cost of the Public Safety Building Project 2012 -12 is
projected to be about $1.3 million.
WHEREAS, the City has insufficient capital reserves or operating cash Capital Project
to cover the aforementioned construction costs for Project 2012 -12; and
WHEREAS, California Constitution Article XVI Section 6, authorizes the temporary
transfer of funds for meeting the obligations incurred for maintenance purposes by any local
agency; and
WHEREAS, the Traffic Signal Fund has available cash for borrowing and the City has
the authority to borrow from this fund;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert
Park that it does hereby resolve, determine, find and order as follows:
Section 1. Loan Approved. That the interfund loan from the Traffic Signal Fund to the Capital
Project Fund is approved in an amount not to exceed $1.3 million to provide funds to pay for the
construction costs of Project 2012 -12.
Section 2. Disbursements and Interest. The Loan disbursements shall be made on an as- needed
basis. Interest on the portion of the Loan that is drawn from those monies in the Traffic Signal
Fund shall accrue at the current Local Agency Investment Fund (LAIF) rate. Interest shall
accrue daily at the LAIF per annum interest rate on the unpaid principal balance of the Loan.
Section 3. Repayment. The portion of the Loan that is drawn from the monies in the Traffic
Signal Fund shall be repaid commencing July 1, 2015 in annual installments. Payments shall be
made no later than June 30th of each consecutive fiscal year plus accrued interest.
Section 4. Implementation. The City Manager is hereby authorized to and directed to undertake
all actions necessary to effectuate such Loan.
Section 5. Severability. That if any action, subsection, sentence, clause or phrase of this
Resolution or the fees levied by this Resolution shall be held invalid or unconstitutional by a
court of competent jurisdiction, such invalidity shall not affect the validity of the remaining
portions of this Resolution or the fees levied by this Resolution that can be given effect without
the invalid provisions.
FEj-
DULY AND REGULARLY ADOPTED this 9" day of April, 2013
ATTEST:
J Anne Buer ler Cit Clerk
r� g � Y
CITY OF ROHNERT PARK
Pam Stafford, Mayor VA, V'
AHANOTU: Ai5= BELFORTE: MACKENZIE: "\ It CALLINAN: 1 > >��` STAFFORD (- IC;
AYES: ( ) NOES: ( CU ) ABSENT: ( (_,; ) ABSTAIN: ( C )
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