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Home My WebLink AboutChico Urban Area Joint Powers Financing Authority.. .~ ° ~~'''"TAO o e ,,,~,~ s ~ ~ CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY ~ ~~'~~ CQU H'~~l Meeting of July 25, 2012 3:30 p.m. ~~~ Conference Room Na. 2, Chico Municipal Center, 421 Main Street MM ~ ~ ~O~ .~~~~ D~~~~, ~~ The unanimous vofe of the Chico Urban Area Joint Powers Financing Authority is required to take action on the a enda item below. 1.1. REGULAR CHICO URBAN AREA JOINT POWER5 FINANCING AUTHORITY - 3:3D p.m. 1.2. Call to Order - 3:30 p.m. in Conference Room No. 2, 421 Main Street 1.3. }"toll Cal! REGULAR AGENDA 2.1. CONSIDERATION AND ADOPTION OF 2072-13 ANNUAL BUDGET FOR THE CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY Section 3.1 of the Amended and Restated Joint Exercise of Powers Agreement requires the Chico Urban Area Joint Powers Financing Authority (JPFA) to annually adapt a budget. The Executive Director recommends adoption of the resolution. RESOLUTION OF THE CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY ADOPTING THE 2012-13 FINAL BUDGET FOR THE CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY BUSINESS FROM THE FLOOR -Members of the public may address the Authority at this time on any matter not already listed on the agenda, with comments being limited to three minutes. The Authority cannot take any action at this meeting on requests made under this section of the agenda. ADJOURNMENT Please contact the City Clerk at 89G-7250 should you require an agenda in an alternative format or if you need to request a disability-related modification or accommodation fn order to participate in a meeting. This request should be received at least three tivorking days prior to the meeting in order to accommodate your request. Chico City Clerk's Office Prepared: 07!20!12 41 t Main Street, Chico, CA 95927 and www.ci.chico.ca.us Posted: 07!20!92 (530) 896-7280 Prior to: 5:D0 pm wilco Urban ~~ea, ~Toilantt 1'otivers ~iu~aucin~; Aut~or~ty Agenda Repor# Meeting Date: 7/251'f 2 TO: Chico Urban Area Joint Powers Financing Authority FROM: Executive Director, 896-T2(}1 RE: Chico Urban Area Joint Powers Financing Authority 202-'[3 Annual Budget RECOMMENDATION The Executive Director recommends adoption of the following resolution: RESOLUTIDN OF THE CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY ADOPTING THE 20~~-13 F]NAL BUDGET FOR THE CH1C0 URBAN AREA JOINT POWERS FINANCING AUTHORITY Pursuan# to Section 2.2 of the Resta#ed Jain# Exercise of Powers ,4greement, #his acfian requires the unanimous vote of alI Directors. b15CUSSION The Chico Urban Area Joint Powers Financing Authority (JPFA} was formed for-the purpose of securing financing the construction and installation of sewer facilities and improvements to implement the Chico Urban Area Nitrate Gampliance Plan through a State Revolving Fund loan. Pursuant to Section 3.1 of the Amended and Restated Joint Exercise of Powers Agreement, the JPFA is required to adopt a budget for the ensuing fiscal year. The budget includes revenues from the Chico Redevelopment Agency, the State Revolving Fund loan, and interest an investments. David Burkland, Executive Director JPFA {4)IDeborah Presson, JPFA Secretary David Burkland, JPFA-Executive Director Paul Hahn, JPFA Deputy Director Jahn Rucker, City of Chico Assistant City Manager Jennifer Hennessy, JPFA Treasurer and Auditor Shari McCracken, Butte County Deputy Administrative OfFicer Heather Gould, Goldfarb and Lipman, JPFA Counsel Tamara Miller, MPM Engineering Fritz McKinley, City of Chico BDSD Director Quene Hansen, City of Chico Project Manager ATTACHMI=NT Resolution F1L1= PS-15-fib-1 S:YCUfUPFAl9udgeEfp7_f16_91 BvdgslRgandaRepart.vipd 1 3 4 S 6 7 8 9~ 10 11 1? 13 l4 1S 15 l7 18 19 2a 21 ~? 23 24 2~ 26 ~~ 2$ RESOLUT)EUN NO. JPFA O1-12 RESOLUTION OF THE CffiCO URBAN AREA JOINT POWERS FINANCING AUTHORITY ADOPTING THE 2012-13 FINAL BUDGET FUR THE CHICO URBAN AREA JOINT POWERS FINANCING AUTHORITY WI~REAS, an Apri127, 1990, the Regional Water Quality Control Board {"RWQCB"} issued Order Na. 90-126, which prohibited individual septic systems within the Chico Urban Area from discharging waste into the groundwater; and WHEREAS, the Greater Chico Urban Area Redevelopment Project Area {"GCUARPA"} was farmed in 1993 in part to finance the sewer improvements required to implement programs addressing the RWQCB Order; and WHEREAS, in May 2000, the County of Butte {"Caunty"} adopted the Chico Urban .Area Nitrate Compliance Plan ("Nitrate Plan"} in .order to implement the pragrarras needed to address the RWQCB Order; and WHEREAS, on August 1, .2007, the Chico Redevelopment Agency ("Agency"} and the County entered into that certain Amended and Restated Joint Exercise of Powers Agreement {"JPA"} under which the Chico Urban Area Joint Powers Financing Authority {"JPFA"}was created pursuant to the authority granted by the California Government Code for the sole purpose ~ of financing the construction and installation of sewer facilities and improvements, including certain treatment facilities, pipelines, and other infrastructure, to implement the Nitrate Pian {"Pra~ect"}; and WHEREAS, on February 1, 2012, the Agency was dissolved and the City of Chico was designated as the successor agency to the Chico Redevelopment Agency; and WHEREAS, the successor agency is a separate legal entity from the City of Chica or any other public agency, and its actions are governed by the members of the Chico City Cauneil acting as the governing board of the successor agency, or by the oversight board created pursuant ASD Ob103i10 Page 1 of 2 P5-15-66-1 S:1CGAlPFAUiudge~V?0121i17~5_i1201:_119u+Ide1 Reealu~iat~a7xl 1 7 3 4 S 6 7 8 9 10' 11 12 13 14 15 15 17 18 19 20 71 22 73 24 25 ?{ 27 3$ ~ to AB 25, depending on the nature of the action to be taken; and WI~REAS, the JPA requires the JPFA to annually adopt a budget for the ensuing fiscal ! year. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Chico Urban Area Taint Powers Financing Authority that the budget attached as Exhibit "A," be and is hereby adopted as the 2012-13 Final Budget of the Chico Urban Area Taint Powers Financing Authority. The foregoing resolution was adopted by the Chico Urban Area 3oint Powers Financing Authority at its rneeting held on July 25, 3012, by the following vote: AYES: NOES: ABSENT: ATTEST: By: Deborah R. Presson JPFA Secretary CERTIFICATION I da hereby certify that the foregoing is a full, tree, and correct cagy of a resolution duly and regularly adapted at a meeting of the Board of Directors of the Chico Urban Area Joint Powers Financing Authority held on July 25, 2412. ASD Q6/~3/14 5:4C[3AIPFAFEnJgciL01_1W_:S_11261:_l3 -udge~ Resalv0on.wpJ By: Deborah R. Presson JPFA Secretary Page 2 of 2 PS-15-56-1 1 Chico Urban Area Jolnt Powers Flnancing Authartty 2D92-'E3 Annual 13udget Fund Summary CHICO URBAN AREA JPFA FUND FYD9-10 FY10-11 FY201i-i2 FUND 399 JPFA fillodlned CHICO ltRBAN AREA JPFA Actual Actual Adapted AdapWd EXHIBIT A Y2012~t3 JPFA Requested Adapted Revenues 41274 Nllrate Compliance 1,90D,D00 1,900,000 1,900,000 i,900,a0D 1,900,000 0 41299 OfherS~atePayments 2,345,047 209,763 11;546,857 5,651,872 7,295,873 0 i 441D1 Enleresian Invesimenls 37,432 37,782 20,000 20,080 20,fl00 4 l Total Revenues 4,282,479 2,142,545 13,4fifi,857 7,571,872 9,215,fi73 0 Expenditures i C}parattng Expenditures 150 Finance 7,170 9,788 19,377 19,377 12,368 D 7ota1 Operating Expend(tures 7,170 9,798 19,377 19,377 12,358 0 CaplfaE Expenditures 50142 Nllrate Project Relmbursemenls 1,923,348 336,898 14,428,516 7,190,784 9,285,436 0 Tate] Gap[tal Expenditures 1,9x3,348 33fi,fi98 14,g28,51fi 7,i90,78d 9,285,456 0 Tote] Expend[ttlres 1,930,518 346,696 14,947,893 7,210,161 9,297,814 0 Other Flnancing SourcesPUsss From: Ta: Talal Other SourceslUses a a D a a D Excess (f7efic[ency; of Revenues AndUthE3rSautcaS 2,351,9fii 1,795,849 (981,036) 351,71) {82,141) 4 Fund t3alance, Jufy 7 3,905,405 6,257,888 5,853,233 8,053,215 8,414,926 0 Fund Balance, Juna 3D 5,257,366 8,053,215 5,872,197 8,414,926 8,332,785 t] Fund name: Fund 399 - Ghlco Urban Area Joint Powers Fnancing Authority AuDiarliy: Agency ResaluElan Use: Restricted Authorized Cap(ial Uses: San;tary sewer facilities and related Improvements Authadzed Other Uses: t}ebt Service DescripGan: To account far the payment of sanitary sewer facilities, related improvements and repayment of the State Revolving Fund Eoan. Remarks: This fund is established salety far the purpose of financing the installation an d consiruclion o f public sanitary sewer facilities and Improvements as required by the "Joint Exercise of Powers Agreement for the Chico Urban Area .]Dint Powers i=lnancing Authority by and Between the Gounty of Butte and the Chico R edevelopment Agency;' dated August 3D, 20D5. FS - i FEIND 399 Chico Urban Area Joint Powers Financing Authority 2012-13 Annual Budget Capital Protects 7Fstimalgd Stan Gala: 71fA78 I EXHIBIT A -page $ Protect Dv¢wlpli¢n: Refmhunomepl to Gtyof Fhkq farlha lny7pCpllgh afspnllary sgWpf mains. lnd147,1¢lerpl7.Ws1a9pns, pnd fpnnmgins as ldanlllmtllnlna Chlrn UiOpnAma Niralq CpmpSgnw Pmprsm PnsJ¢C 7lnpprt. 1Pra,aciGwmmanlt: PruJersbmquv9dlpmrly7lywl'StClaan•UpAhalrmanlPmhit69pnObprNa.09.120allppledhylhaCenUalVdtayRp9fpnalWalprCUal,yCenhvlBaaNpnApn127,1990. iharpw5lhp np pvurhaatl rJl¢rgpd lp Ods pm}eQ Funtl Actrlule 3071-77 7012.79 1070.74 71S7d-1~ 1016-16 2816.47 4077.7L 191 C-t9 1049-7D 2010.27 Z9Z1-22 Sub Pfoipcte 58134-Amp IN 7Pheso l) 399 ],774,39] 7,999,0!1 D 9 9 0 9 D 0 D 8 8 58735-Amp 16 (Phase 1J 390 513,619 5.173291 D 0 0 0 D D 9 D 9 8 5973G-Amy 2N 7PhnsD 9) 709 416,997 59,191 D,924A98 9 9 D 9 0 0 D 0 D 59[37-Ama 257Phgze 4} 399 9 9 409.790 9.198,043 9 D 9 8 0 D 0 p 59[30-lspp3NlFhusoS) 399 6 O 0 173,798 3,949,PA1 O k D 0 9 a 9 5Dt3D•Am¢3S 7Phasp SF 39D 0 0 0 D 319,577 9290,122 4,975,184 0 0 0 0 9 Pfa)eel Folal: 4t01,51fi 7.[99784 4.195658 8360939 4179.39+7 3.100111 4935 Y64 0 0 0 0 9 Tefal Irv Fund Chlc0 Ur4an Arv9 JPA 7119 4,704,546 7.769,796 4.295458 9,364,010 1,210,388 3169.172 1,035,184 D 0 D 9 D PtaJ9ct70147: dADd.540 7160796 D 05656 6,386.936 4210396 3209.722 1635184 8 0 D D D 6:56L11GET17z-771JPFAVW¢ule Pr9Jads~d¢ LI B/,C912