RECOMMENDATION(S):
APPROVE FY 2020/21 Appropriation and Revenue Adjustment No. 005059 authorizing new revenue in the amount of $1,146,111 from Contra Costa County 2021 Lease Revenue Bonds and appropriating it in the CCCFPD Capital Construction Fund (7025) for the Fire Station 9 (Concord) and Fire Station 86 (Bay Point) construction projects.
FISCAL IMPACT:
Authorizes $1,146,111 in new revenue in FY 2020/21 from 2021 lease revenue bonds and appropriates it for capital construction costs.
BACKGROUND:
In 2021 Contra Costa County (County) issued lease revenue bonds that incorporated projects for the County, the Airport, and the Contra Costa County Fire Protection District (District). For the District, bond revenue is approved for new fire station construction projects, specifically Fire Station 9 in Pacheco/Concord and Fire Station 86 in Bay Point. The District received its second disbursement from the 2021 lease revenue bonds. This action authorizes the new revenue and appropriates it to the Fire Station 9 and 86 construction projects.
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