2017-36 RESOLUTION NO. 2017-36
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE APPROVING AN EXPENDITURE OF BOND PROCEEDS
WHEREAS, the Community Redevelopment Agency of the City of Grand
Terrace, ("Redevelopment Agency") was formed for the purpose of revitalizing areas
within the City of Grand Terrace pursuant to Health and Safety Code ("HSC") Section
33000, et seq.; and
WHEREAS, pursuant to Assembly Bill 1x26, enacted on June 28, 2011, and
Assembly Bill 1484, enacted on June 27, 2012, (collectively the "Dissolution Act");,
the Redevelopment Agency was dissolved on February 1, 2012; and
WHEREAS, on January 10, 2012, the Grand Terrace City Council adopted
Resolution 2012-01, pursuant to Part 1.85, of the Dissolution Act, by which the City
Council elected to serve as the Successor Agency to the Redevelopment Agency
upon the dissolution of the Redevelopment Agency under AB 26 ("Successor
Agency") commencing on February 1, 2012; and
WHEREAS, pursuant to Health and Safety Code section 34191.4(c), after a
successor agency has received a finding of completion from the State Department
of Finance ("DOF"), a Successor Agency, with the approval of its Oversight Board,
may list enforceable obligations to expend excess bond proceeds on its Recognized
Obligation Payment Schedule ("ROPS"), so long as such expenditures are
consistent with the bond covenants; and
WHEREAS, the Successor Agency received a Finding of Completion from the
DOF on May 9, 2013; and
WHEREAS, the Successor Agency has excess bond proceeds from the
$15,175,000 Grand Terrace Redevelopment Agency's Community Redevelopment
Project Area 2011A Tax Allocation Bonds ("Bond Proceeds") which were issued for
the purpose of financing public improvements within the Project Area; and
WHEREAS, the DOF approved a Bond Proceeds Expenditure Agreement
between the Successor Agency and the City of Grand Terrace ("City") enabling the City
to expend or allocate the Bond Proceeds for expenditures consistent with the applicable
covenants of the 2011 Tax Allocation Bonds ("2011 TAB"); and
WHEREAS, the expenditure approved in this Resolution is a public improvement
within the intent and purpose the 2011 TAB and is consistent with the 2011 TAB
covenants.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE DOES RESOLVE, DETERMINE, AND ORDER AS FOLLOWS:
2017-36 CC Reso Page 1 of 2 November 14, 2017
SECTION 1. The City Council finds that the above recitations are true and correct
and, accordingly, are incorporated herein as findings and a material part of this
Resolution.
SECTION 2. That the City Manager is herein authorized to expend $114,450.00
of the Bond Proceeds for the installation of poured-in-place rubber safety surfacing for
the two
(2) playgrounds at Richard Rollins Park.
SECTION 3. If any section, subsection, sentence, clause, phrase, or portion of
this Resolution is for any reason held to be invalid or unconstitutional by the decision of
any court of competent jurisdiction, such decision shall not affect the. validity of the
remaining portions of this Resolution. The City Council of the City of Grand Terrace
hereby declares that it would have adopted this Resolution and each section,
subsection, sentence, clause,.phrase, or portion thereof irrespective of the fact that any
one or more sections, subsections, sentences, clauses, phrases, or portions be
declared invalid or unconstitutional.
SECTION 4. All resolutions and other actions of the City Council in conflict with
the contents of this Resolution are hereby repealed.
SECTION 5. This Resolution shall go into full force and effect immediately, but
the individual fees shall become effective as provided by the applicable provisions of
State Law.
SECTION 6. The City Clerk shall certify to the adoption of this Resolution
PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand
Terrace at a regular meeting held on the 14th day of November 2017.
D ky KCcNab a ayor
ATTEST:
De ra L. Thomas, City Clerk
APPROVED AS TO FORM:
is and L. Adams, II
City Attorney
2017-36. CC Reso Page 2 of 2 November 14, 2017
STATE OF CALIFORNIA )
( COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
I Debra L. Thomas, City Clerk of the CITY OF GRAND TERRACE, CALIFORNIA,
DO HEREBY CERTIFY that the foregoing Resolution, being 'Resolution No. 2017-36
was duly passed, approved and adopted by the City Council, approved and signed by
the Mayor, and attested by the City Clerk, at the regular meeting of said City Council
held on the 14th day of November 2017, and that the same was passed and adopted by
the following vote:
AYES: Council Members Wilson, Hussey; Mayor Pro Tem Robles; Mayor
McNaboe
NOES: None.
ABSENT: None.
ABSTAIN: None.
Executed this 16th day of November 2017, at Grand Terrace, California.
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Debra L. Thomas=
City Clerk
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