Agenda

Return

C.161

To:	Contra Costa County Fire Protection District Board of Directors
From:	Jeff Carman, Chief, Contra Costa County Fire Protection District
Date:	June 6, 2017

Contra

Costa

County

Subject:

Reimbursement Resolution for Fire Station Capital Projects

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 06/06/2017

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

ABSENT:

John Gioia, District I Supervisor

Contact:

Timothy Ewell, 925-335-1036

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: June 6, 2017
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

ADOPT Resolution No. 2017/217 allowing the Contra Costa County Fire Protection District to reimburse certain expenditures related to various District capital projects.

FISCAL IMPACT:

No fiscal impact associated with this action. This is a non-binding action that would allow the District to reimburse itself for costs associated with certain capital projects if the Board of Directors decides to issue bonds to finance those projects at a future date.

BACKGROUND:

The District is currently planning capital improvements at various facilities throughout the District, including Station 70 located in San Pablo and Station 16 located in Lafayette. The Board may wish to consider financing the cost of the projects with bonds at a future date. The attached reimbursement resolution includes an amount of $15 million to account for any potential unforeseen project costs and costs associated with the issuance of the bonds. This resolution would fulfill legal requirements to allow the District to reimburse itself with bond proceeds for certain costs incurred prior to a subsequent bond issuance.

CONSEQUENCE OF NEGATIVE ACTION:

Inability to reimburse expenditures that occur prior to bond sale.

CHILDREN'S IMPACT STATEMENT:

No impact.