HomeMy WebLinkAboutReso 2008-022 - State Airport Loan
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RESOLUTION NO. 2008 - 22
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;
WHEREAS, the Airports Manager has recommended that the City apply for a state airport loan
in the amount of $842,050 for construction of an II-unit t-hangar at the Redding Municipal Airport;
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Redding:
I. 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' 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, read and adopted at a
regular meeting of the City Council on the 4th day of March, 2008, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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ATTEST: FORM APPROVED:
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