HomeMy WebLinkAboutReso 2016-007 - State Airport LoanRESOLUTION NO. 2016-007
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE SUBMITTAL OF AN APPLICATION AND
EXECUTION OF AN AGREEMENT WITH THE CALIFORNIA
DEPARTMENT OF TRANSPORTATION FOR A STATE AIRPORT
LOAN
WHEREAS, the California Department of Transportation, pursuant to Public Utilities
Code Section 21602, provides loans for the improvement and operation of airports; and
WHEREAS, the California Department of Transportation requires the City Council of
the City of Redding to adopt a resolution authorizing the submission of an application for a state
airport loan; and
WHEREAS, the Airports Manager has recommended that the City apply for a state
airport loan in an amount not to exceed $1,100,000 to buy out a solar equipment lease for the
solar farm at Redding Municipal Airport.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Redding:
1. Authorizes filing of an application for a state airport loan for this project.
2. Authorizes the City Manager, or his designee, to execute the Loan Agreement and any
documents required to apply for and accept the loan funds on behalf of the City of
Redding.
3. Certifies the City's ability to repay the state loan for this project.
4. Authorizes the City Clerk to attest the signature of the City Manager, or his designee, and
to impress the official seal of the City of Redding on the aforesaid documentation, when
appropriate.
I HEREBY CERTIFY that the foregoin resolution was introduced, read, and adopted
at a regular meeting of the city Council on the 19' day of January, 2016, by the following vote:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ATTEST:
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PAMELA MIZE, City 06k
Cadd, Schreder, Sullivan, Weaver, & McArthur
None
None
None
MISSY "THUR, Mayor
FORM APPROVAL:
BARRY E. De AL , City Attorney
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