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2024/12/10 City Council Resolution 2024-110 RESOLUTION NO. 2024-110 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK AUTHORIZING BOND FUNDING FROM THE 2007R TAX ALLOCATION BIOND FUNDS FOR THE CITY HALL IMPROVEMENTS PROJECT CIP2501 AND PUBLIC SAFETY MAIN ROOFTOP PATIO PROJECT NO. CIP2502 CURRENTLY FINANCED THROUGH THE GENERAL FUND AND APPROVING A BUDGET AMENDMENT SWAPPING $1.3 MILLION OF BOND FUNDING FROM THE DOWNTOWN INFRASTRUCTURE PROJECT NO.CIP2226 WITH $1.3 MILLION OF GENERAL FUND FUNDING FROM THE CITY HALL IMPROVEMENTS PROJECT CIP2501 AND THE PUBLIC SAFETY MAIN ROOFTOP PATIO PROJECT NO. CIP2502 WHEREAS, on August 25, 2015, the City Council approved the use of 2007R Tax Allocation Bond funding ("Bond Funds") for a specified list of projects in the former Redevelopment Project Area; and WHEREAS, the August 2015 City Council Staff Report indicated that staff would request approval from the City Council to add any new projects to be funded through Bond Funds; and WHEREAS, in preparation for the next Five-Year Capital Improvement Plan (CIP) Program update, the Public Works and Finance Department staff analyzed the FY 24-25 City and CIP Budgets and identified opportunities to improve CIP program budgeting; and WHEREAS, on October 22, 2024, the City Council approved the City Hall Improvements Project No. CIP2501 for $800,000 and the Public Safety Roof Replacement Project CIP2502 for$500,000 financed from the General Fund (Fund F7109); and WHEREAS, the projects are both located within the former Redevelopment Project Area; and WHEREAS,while making a funding plan for these projects, it was determined that these two projects would more appropriately be funded by Bond Funds as opposed to General Fund financing; however, in order for these projects to be funded with Bond F7130 funds, the City Council must approve this action; and WHEREAS, staff recommends swapping $1.3 million of Bond Funding from the Downtown Infrastructure Project with$1.3 million of General Fund financing from the City Hall Improvements Project and the Public Safety Main Rooftop Patio Project such that the funding structure for each project will change,but the total budget for all projects will remain unchanged. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park, that the City Hall Improvements Project CIP2501 and Public Safety Main Rooftop Patio Project No. CIP2502 are hereby added to the 2007R Tax Allocation Bond projects list and a budget amendment is hereby authorized to swap $1.3 million in Bond Funding from the Downtown Infrastructure Project No. CIP2226 with $1.3 million in General Fund financing from the City Hall Improvements Project CIP2501 and Public Safety Main Rooftop Patio Project No. CIP2502. OAK#4933-7323-2897 vl BE IT FURTHER RESOLVED that the Finance Director is hereby authorized and directed to make any changes to the FY 2024-25 Budget to enact this amendment. DULY AND REGULARLY ADOPTED this 10th day of December, 2024. CITY OF ROH T PARK ATTEST: Susan H. A s, Mayor Sylvia Lopez cevas, City Clerk --- --�.- ' P ' OV1 •• TO FORM: `_ . 6 , Ali U. ichelle M. Kenyon, City Attorney ELWARD RODRICUEZ:41/ SANBORN: GIUDICE: �(f ADAMS: AA'ES: () NOES: ( �,) ABSENT: ( ABSTAIN: T" Resolution 2024-110 Page 2 of 2