To: Board of Supervisors
From: Treasurer/Tax Collector
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
title
2020 Amended Interim Period Lease Financing Program
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Adopt Resolution # ____ , authorizing the execution and delivery of certain documents authorizing certain actions in order to finance various capital improvement projects as described in items 2 through 6 below;
2. Authorize and sign the First Amendment to Assignment and Purchase Agreement by and between Humboldt County Public Property Leasing Corporation (HCPPLC) and Treasurer Tax Collector of the County of Humboldt;
3. Authorize and sign the First Amendment Lease Agreement by and between the HCPPLC as Lessor and County of Humboldt as Lessee adding Library and Fairground parcels as additional leased assets;
4. Authorize and sign the First Amendment to Site Lease (2020 Interim Lease Financing Program) by and between County of Humboldt as Lessor and HCPPLC as Lessee;
5. Authorize and sign the attached professional services agreement (PSA) for contractual services for Bond Counsel with the law firm of Stradling, Yocca, Carlson & Rauth (SYCR) to draft various legal documents with and for the county to facilitate a 2024 Interim Period Lease Financing (IPLF) Program (described below) to fund various future capital improvements and projects;
6. Authorize and sign the attached PSA for contractual services for Placement Agent services with Raymond James to facilitate the interim period lease financing draws within the 2024 IPLF program in the same or similar fashion as Raymond James has done previously for the 2020 and 2016 IPLF program; and for facilitating future draws for various future capital improvements and projects authorized within the 2020 Amended Interim Period Lease Financing program; and
7. Authorize the County Administrative Officer or designee to fund capital improvement projects in accordance w...
Click here for full text