2015/03/24 City Council Resolution 2015-057RESOLUTION NO. 2015 -057
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING AND APPROVING THE DIRECTOR OF FINANCE TO INCREASE
APPROPRIATION BY $1,378,816 TO THECAPITAL IMPROVEMENT PROJECT 310 -1406-
400 -9901 THE BENICIA POOL REHABILITATION PROJECT FUNDED BY 2007R TAX
ALLOCATION BOND PROCEEDS AND ANY OTHER TRANSACTIONS NECESSARY TO
FUND THE PROJECT
WHEREAS, on February 11, 2014, the City Council of the City of Rohnert Park ( "City ")
approved a list of proposed public improvements to be funded from bonds proceeds ( "Proposed Public
Improvements "); and
WHEREAS, on April 9, 2014 the Oversight Board, by adoption of Resolution No. 2014 -04,
found that the Proposed Public Improvements are consistent with the Bonds covenants and directed the
staff of the Successor Agency to include all or a portion of the expenditures from the Excess Bond
Proceeds for the Proposed Public Improvements on the ROPS for the January -June 2015 (ROPS 14-
15B) period; and
WHEREAS, on September 29, 2014, the Oversight Board approved and authorized the
execution of the Agreement Regarding Expenditure of Excess Bond Proceeds ( "Bond Agreement ") for
expenditure of excess bond proceeds and directed successor Agency staff to include the Bond
Agreement on the ROPS for the January -June 2015 (ROPS 14 -15B); and
WHEREAS, on November 13, 2014, the Department of Finance approved the ROPS 14 -15B
including the Bond Agreement; and
WHEREAS, Staff has subsequently further refined the project costs for two of the projects in
the Proposed Public Improvements project list: A -Park Restroom Renovation and L -Park Restroom
Renovation; and
WHEREAS, the excess bond proceeds have been transferred to City fund 325 and must be
appropriated to the City of Rohnert Park Capital Improvement Project 310 - 1406 - 400 -9901, the Benicia
Pool Renovation Project to execute the public improvements which are identified in the Bond
Agreement and ROPS 14 -15B.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park
that it hereby authorize and approve the Director of Finance, or her designee, to appropriate $1,378,816
of excess bond proceeds to the Capital Improvements Project 310 - 1406 - 400 -9901 the Benicia Pool
Renovation Project and any other transaction necessary to fund the project.
DULY AND REGULARLY ADOPTED this 24 th day of March, 2015.
INERT PA
Amy O. AhallOtLl, Mayor
A'C'S,Es,r:
lci Wlclasvl-
V711ne M. Buergler, City C rk
CALLINAN Aqr MACKENZIE: AYE STAFFORD: A,\f E BELFORTE AHANOTU:
AYES: ( 5 ) NOES: ( O ) ABSENT: (p ) ABSTAIN: (0 )