HomeMy WebLinkAbout2005-12-06; Public Financing Authority; Resolution 151
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RESOLUTION NO. 15
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CARLSBAD PUBLIC FINANCING AUTHORITY AUTHORIZING
THE APPROPRIATION OF ADDITIONAL FUNDS FOR THE
CARLSBAD MUNICIPAL GOLF COURSE, PROJECT NO. 39721-1.
WHEREAS, in December, 2003, the Board of Directors of the Carlsbad Public Financing
Authority (“CPFA) did approve proceeding with the development of the Carlsbad Municipal Golf
Course Project (“Project”); and
WHEREAS, CPFA has secured all final project permits and entitlements necessary for the
Project; and
WHEREAS, final construction documents for the Project have been approved by the
Board; and
WHEREAS, the CPFA has determined the estimated total cost for the Golf Course
Construction is $42,720,790; and
WHEREAS, an appropriation was previously approved in the fiscal year 2005-06
Operating and Capital Improvement Program Budget of $36,803,000; and
WHEREAS, an additional appropriation of $5,917,790 is needed to fund the Golf Course
Construction; and
WHEREAS, funding for this appropriation is provided by the Carlsbad Municipal Golf
Course Project fund.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public
Financing Authority of the City of Carlsbad, California, as follows:
1.
2. That an appropriation of $5,917,790 from the Golf Course Fund is hereby
That the above recitations are true and correct.
authorized.
Ill
Ill
Ill
Ill
Ill
Ill
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PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of
the Carlsbad Public Financing Authority held on the 6th day of
Decenber , 2005 by the following vote, to wit:
AYES: Board Members Lewis, Hall, Kulchin, and Packard
NOES: Board Member Sigaf oose