To: Board of Supervisors
From: Treasurer/Tax Collector
Agenda Section: Consent
SUBJECT:
title
2020 Interim Period Lease Financing (IPLF) Document Authorization to Finance Various Capital Improvement Projects
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Adopt Resolution # _________ (Attachment 1) authorizing the execution and delivery of certain documents and authorizing certain actions described in items 2 through 6 below in order to finance various capital improvement projects;
2. Approve the Site Lease (Attachment 2) by and between the County of Humboldt (County) and the Humboldt County Public Property Leasing Corporation (HCPPLC) dated August 1, 2020, relating to various capital improvement projects; and authorize the County Administrative Officer (CAO) or her designee to execute the agreement substantially in the form presented;
3. Approve the Lease Agreement (Attachment 3) by and between the HCPPLC and the County of Humboldt dated August 1, 2020, relating to various capital improvement projects; and authorize the CAO or her designee to execute the agreement substantially in the form presented;
4. Approve the Assignment and Purchase Agreement (Attachment 4) by and between the HCPPLC and the Treasurer-Tax Collector (T-TC) of the County of Humboldt dated August 1, 2020; and authorize the T-TC or his designee to execute the agreement acting on behalf of the Humboldt County Treasury Pool substantially in the form presented;
5. Approve the Termination Agreement (Attachment 5) by and among the HCPPLC, the County and the T-TC dated August 1, 2020, to terminate all of the documents related to the 2016 Interim Period Finance Plan substantially in the form presented; and
6. Direct the Auditor-Controller to use the '2020 IPLF Debt Service Fund' for tracking and reconciliation of all transactions associated with financing of said projects per Board authorization on June 2, 2020.
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SOURCE OF FUNDING:
County treasury poo...
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