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Agenda 10-01-19 Item 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $37,000,000 in Installment Purchase Financing for Various CIP Projects Including Refinancing County Debt
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Agenda 10-01-19 Item 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $37,000,000 in Installment Purchase Financing for Various CIP Projects Including Refinancing County Debt
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9/26/2019 1:13:08 PM
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BOCC
Date
10/1/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
6-a
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Agenda 10-01-19 Regular Board Meeting
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38 <br /> Exhibit A - list of projects to be financed with estimated amounts <br /> Component Estimated Cost <br /> Northern Campus Project: site preparation and preliminary <br /> costs for new detention center, agriculture-environment <br /> center, and parks operations base $10,600,000 <br /> Southern Campus Project: improvements to the driveway <br /> and access road to the Southern Campus, as well as <br /> providing additional parking for the Seymour Center 4,675,000 <br /> Seymour Center Building Expansion 990,000 <br /> River Park Phase II 298,500 <br /> Link Center Remediation 6,500,000 <br /> Passmore Center Remediation 199,114 <br /> Sportsplex Improvements/ Equipment 605,036 <br /> Community Loan Fund 224,340 <br /> Vehicle Replacements 998,550 <br /> Whitted Building - Elevator Work 154,000 <br /> Emergency Services Building Remediation 731,000 <br /> Total 25,975,540 <br /> The County also expects to use financing proceeds to pay Financing Costs and <br /> Refinancing Costs. <br /> The amounts stated above are estimates only. The County may use any <br /> portion of the 2019B Bond proceeds for any of the 2019B Project Costs, subject to <br /> the County's obligation to undertake and complete those components of the project <br /> related to the "Mortgaged Property," as defined in the Deed of Trust, and the <br /> limitation on the use of funds only for 2019B Project Costs. <br /> Components of the 2019B Project related to the Mortgaged Property include <br /> the following: <br /> 13 <br />
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