To: Board of Supervisors
From: Monica Nino, County Administrator
Report Title: FIRST AMENDMENTS TO INSTALLMENT SALE AGREEMENT AND PROJECT FUND AGREEMENT RELATED TO THE CONTRA COSTA COUNTY FIRE PROTECTION DISTRICT ALLOCATION OF 2021 LEASE REVENUE BOND PROCEEDS
?Recommendation of the County Administrator ? Recommendation of Board Committee
RECOMMENDATIONS:
Acting as the Governing Board for the County of Contra Costa (the "County") and the Contra Costa County Fire Protection District (the "Fire District"):
1. APPROVE and AUTHORIZE the Chair of the Board, County Administrator and the Fire Chief, or designees, to execute a First Amendment to the Installment Sale Agreement related to the Fire District allocation of the County's 2021 Lease Revenue Bonds to add the Fire District Communications Center project in Exhibit B, which outlines the capital projects to be funded with proceeds of the bonds.
2. APPROVE and AUTHORIZE, the Chair of the Board, County Administrator and the Fire Chief, or designees, to execute a First Amendment to the Project Fund Agreement to replace the date set forth in Section 1(c) from "March 1, 2024" to "March 1, 2026" to allow time for the construction of the Fire District Communications Center project.
FISCAL IMPACT:
No fiscal impact. This action facilitates the addition of the Fire District Communications Center project to the list of projects administered by the Fire District eligible for reimbursement from bond proceeds allocated to the Fire District from the County's 2021 Lease Revenue Bond issuance.
BACKGROUND:
On December 15, 2020, the Board of Supervisors, acting in its various capacities, authorized the issuance of up to $150 million in lease revenue bonds (the "2021 Bonds") for the construction of four, planned capital projects (collectively the "2021 Project"), including:
Construction of New Buchanan Field Airport Terminal (Concord). This project consists of the construction of an approximately 21,000 square foot, one-story mu...
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