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HomeMy WebLinkAboutReso 2017-092 - State Airport Loan RESOLUTION NO. 2017-092 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 $190,000 to rebid and construct a roof overbuild and other exterior improvements for the CHP Hangar at the Benton Airpark; 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 foregoing resolution was introduced and adopted at a regular meeting of the City Council on the 17`h day of October, 2017, by the following vote: AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan,Winter, & Weaver NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None -J _0 BRENT WEAVER, Mayor ATTEST: FORM APPROVED: to L/ V PAMELA MIZE, City Clerk BARRY E. LT, City Attorney