HomeMy WebLinkAbout2007-05-01; Public Financing Authority; Resolution 341 EXHIBIT 1
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RESOLUTION NO. 34 OF THE BOARD OF
3 DIRECTORS OF THE CARLSBAD PUBLIC FINANCING
4 AUTHORITY AUTHORIZING THE APPROPRIATION OF
ADDITIONAL FUNDS FOR THE CARLSBAD MUNICIPAL
5 GOLF COURSE. PROJECT NO. 39721-1. 39721-2. 39721-3.
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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
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Golf Course Project ("Project"); and
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WHEREAS, CPFA has secured all final project permits and entitlements necessary for
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the Project; and
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WHEREAS, final construction documents for the Project have been approved by the
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Board; and
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WHEREAS, all CEQA requirements have been met and the proposed funding is for
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projects with the scope of the Report, or which have no additional significant effects; and
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WHEREAS, an additional appropriation is needed to fund the Golf Course Construction;
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and
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WHEREAS, funding for this appropriation is provided by the Carlsbad Municipal Golf
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Course Project fund.
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NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad
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Public Financing Authority of the City of Carlsbad, California, as follows:
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1. That the above recitations are true and correct.
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2. The Board has considered funding for owner options 1 and 2 and hereby approves
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Options 1 and 2 and an additional appropriation of $190,500 for Option 1 and $175,000 for24
Option 2, for a total of $365,500 to fund the owner options and hereby grants the CPFA
Executive Director additional construction change order authority and grants the Finance26
Director authority to disperse funds for the additional appropriation without requiring additional
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Board action.
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1 3. The Board also approves an additional $80,000 for a fencing allowance to address
2 safety concerns identified by the Golf Course Operator and grants the Carlsbad Public Financing
3 Authority Executive Director additional construction change order authority, and grants the
4 Finance Director authority to disburse funds for this appropriation without requiring additional
5 Board action.
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Carlsbad
Public Financing Authority held on the 1st day of May, 2007, by the following vote to wit:
AYES: Board Members Lewis, Kulchin, Hall and Nygaard
NOES: Board Member Packard
ABSENT: None
A LEWIS,/Chairman of the Board
ATTEST:
LlKY. K^AqjpJ
LORRAINE M. WOODTsecretarV
(SEAL)
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