HomeMy WebLinkAbout2006-11-21; Public Financing Authority; Resolution 241
RESOLUTION NO. 24
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A RESOLUTION OF THE BOARD OF DIRECTORS OF
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39721-1. 39721-2. AND 39721-3.
5 WHEREAS, in December, 2003, the Board of Directors of the Carlsbad Public Financing
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Authority ("CPFA") did approve proceeding with the development of the Carlsbad Municipal Golf
7 Course Project ("Project"); and
8 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
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WHEREAS, the CPFA appropriated funds in the amount of $48,298,333 for the golf
12 course construction project; and
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CARLSBAD PUBLIC FINANCING AUTHORITY AUTHORIZING
THE APPROPRIATION OF ADDITIONAL FUNDS FOR THE
CARLSBAD MUNICIPAL GOLF COURSE, PROJECT NOS.
WHEREAS, all CEQA requirements have been met and the proposed funding is for
projects within the scope of the Report, or which have no additional significant effects; and
WHEREAS, an additional appropriation of $5,697,822 is needed to fund completion of the
. _ golf course; and1o
WHEREAS, funding for this appropriation is provided by the Carlsbad Municipal Golf
Course Project fund.
18 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Public
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change order authority and payment of direct costs by an additional amount of $5,697,822 for a
total revised construction budget of $53,996,155 without requiring additional Board action.
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4. The Board has considered funding for owner options 1 through 5 and hereby
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approves options 1,3 & 5 and an additional appropriation of $ 1. OOP. OOP to fund the owner
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Financing Authority of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That an appropriation of $5,697,822 from the Golf Course fund is hereby
authorized.
3. That the Board does hereby grant the CPFA Executive Director construction
options and hereby grants the CPFA Executive Director construction change order authority for the
additional appropriation.
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Carlsbad
Public Financing Authority held on the 21st day of November, 2006, by the following
vote:
AYES: Board Members Lewis, Hall, Kulchin
NOES: Board Members Packard, Sigafoose
ABSENT: None
ChAUDE A LEWIS', Chairman of the Board
ATTEST:
LORRAINE M. WOOD, Secretary
(SEAL)