HomeMy WebLinkAbout2006-02-07; Public Financing Authority; Resolution 17CARLSBAD 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 and appropriated funds in the amount of $42,720,790; and
WHEREAS, an additional appropriation of $2,936,700 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:18
1. That the above recitations are true and correct.19
2. That an appropriation of $2,936,700 from the Golf Course Fund is hereby
authorized.
21
22
23
24
25
26
27
28
1
2
3
4
5
6
7
8
g
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
3. That the Board does herby grant the CPFA Executive Director construction change
order authority of an additional contingency amount of $2,936,700 for the three contracts, 39721-
1, 39721-2, and 39721-3 for a total revised amount of $4,692,213 without requiring additional
Board action.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of
the Carlsbad Public Financing Authority held on the 7th day of
February , 2006 by the following vote, to wit:
AYES: Board Members Lewis, Hall, Kulchin
NOES: Board Members Packard, Sigafoo^
ABSENT: None.,
CLAUDE A. LEWIS,
ATTEST:
OCvDTSecretary