HomeMy WebLinkAboutRDA RES 433RESOLUTION NO. 433
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY MAKING
CERTAIN FINDINGS REGARDING AN ANIMAL SHELTER DECLARING ITS INTENT TO
REIMBURSE WITHDR.AWALS FROM THE COUNTY CAPITAL IMPROVEMENT FUND
FROM THE PROCEEDS OF BONDS
THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. The Palm Desert Redevelopment Agency and the County of Riverside
have entered into that certain Joint Exercise of Powers Agreement, dated as of January 1, 2002,
which Agreement creates and establishes the Riverside County Palm Desert Financing Authority.
Sectian 2. The County and the Agency have also entered into that certain Cooperative
Agreement dated February 13,1992. Section 8 of such Cooperative Agreement creates the County
Capital Improvement Fund. The County intends to direct the expenditure of moneys in the County
Capital Improvement Fund to finance in part the acquisition and construction of an animal shelter
located in unincorporated County territory neaz the City of Palm Desert. The Agency hereby
approves the use of such moneys for such purpose. The Agency intends that the foregoing
expenditure be reimbursed to the County Capital Improvement Fund from the proceeds of bonds to
be issued by the Authority or a related public entity. The Agency expects that all such expenditures
will be reimbursed with proceeds of such bonds.
— Section 3. The Coachella Valley Association of Governments has recently studied
the need for an additional animal shelter in the Coachella Valley. T'he proposed animal shelter
would consist of 23,000 square feet and would be located east of Monterey Avenue just north of the
Palm Desert city limits. Representatives of the City, the County and the Coachella Valley
Association of Governments toured existing animal shelter facilities in the area and found such
facilities to be overcrowded, difficult to maintain and not conducive to animal adoption. Specific
examples cited by such representatives included poor drainage, non-existent air flow, distinctive and
consistent odor, poor lighting, inadequate exercise area, noise, sick animals housed in kennels next
to healthy ones, cockroaches crawling along walls and floors of offices and kennels, no grooming
areas, lack of adequate space for animals, individual kennels that were built to hold two animals now
holding four to six animals, and overcrowded office space for staff.
Such representatives also found that there aze very few animal organizations which
offer limited and specific services in the Coachella Valley and that given the limited number of
kennels, their poor condition, and the fact that these shelters euthanize approximately 520 dogs and
cats per month, there is a need for a lazger facility which will not only offer an increased number of
kennel spaces, state-of-the-art equipment and other much needed services to the local animal
population, but also shift the perception of how the public views animal shelters.
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Resolution No. 433
The proposed anirnal shelter will provide the City and the Project Areas of the
Agency with a needed public building and structure, and a pubtic service, which are necessary and
in the interest of the general welfare. The proposed animal shelter will, in effect, be the City's
animal shelter and will serve the various Project Areas and the residents and taacpayers of the Project
Areas and the City. �
Section 4. Section 1.150-2 of the Treasury Regulations governs the allocation of
expenditures of a reimbursement bond. A reimbursement bond is that portion of an issue of bonds
(or other obligations) allocated to reimburse an original expenditure (i.e., an expenditure for a
governmental purpose that is originally paid from a source other than a reimbursement bond) that
was paid before the date of issue of the bonds. Section 1.150-2 provides rules to determine when
an allocation of proceeds of bonds to reimburse an original expenditure will be treated as an
expenditure of those proceeds.
Section 5. In order for such an allocation of those proceeds to be treated as an
expenditure, the issuer (or in certain cases, a conduit borrower) of the bonds must, in accordance
with Section 1.150-2, adopt an official intent for the original expenditure. The official intent is a
declazation of intention by the issuer to reimburse the original expenditure with proceeds of bonds.
Such officiat intent is declazed in Section 2 hereof.
Section 6. The maximum principal amount of obligations expected to be issued for
the purposes of reimbursing the County for such animal shelter is $6,000,000. Proceeds from such
obligations in the amount of approximately $300,000 are expected to be used to reimburse the
County Capital Improvement Fund.
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Resolution No. 433
Section 7. This official intent is not declared as a matter of course and is not declared
in an amount substantially in excess of the amounts expected to be necessary to reimburse the
expenditures described in Section 3 hereof.
PASSED, APPROVED and ADOPTED this 24th day of January, 2002.
AYES: BENSON, CRITES, FERGUSON, SPIEGEL, KELLY
NOES: NONE
ABSENTS: rrorrE
ABSTAINS: NONE
C
CH[��IRMAN
RICHARD S. KELLY
Attest:
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