HomeMy WebLinkAbout1992-10-27 - AGENDA REPORTS - ALLOCATION FUNDS PARKING LOT (2)ALI
CONSENT CALENDAR
DATE: October 27, 1992
AGENDA REPORT
City Manager Approval
Item to be presented
George Caravalho
SUBJECT: Allocation of Funds Temporary Parking Lot
DEPARTMENT: City Manager
BACKGROUND
Presently the City of Santa Clarita owns and.maintains the parking lot adjacent
to the.City Hall facility. The capacity of this lot is currently 230 vehicles.
Throughout the normal business day there are many instances when parking is not
available to city hall visitors and patrons of the tenants within the City Hall
building.
In order to address.this situation, it is suggested that a temporary overflow
lot be constructed on the vacant lot, owned by Newhall Land and Farm, adjacent
to the Home Savings facility. This lot will park approximately 50 cars and
would cost $40,800 to construct. The lot would be constructed through a
contract with the Newhall Land and Farming Company and will be available to the
City for at least one year.
The $40,800 cost of the project will be funded by proceeds of the Santa Clarita
Public Financing Authority. However, given that this project was not -on the
original list of projects submitted for the City Council's consideration, it is
now necessary to adopt resolution 92-207 authorizing the construction of the
temporary parking lot, as financed from the sale of the certificates. _
In addition, within the 1992-93 budget, the City Council authorized the
allocation of $125,000 to design a parking structure adjacent to the City Hall
facility. It is now appropriate to authorize that the project be funded through .
Public Financing Authority. Resolution 92-207 also places the structure.on the
list of projects to be financed from the sale of the certificates.
RECOMMENDATION
That the City Council•
1. Authorize the construction of a.temporary lot adjacent to the Home Savings
property ($40,800), as.well as the design of a parking structure ($125,000) to
be financed through Public Financing Authority monies.
2. Adapt resolution 92-207.
ATTACHMENTS -
1. Contract with Newhall Land and Farming Company
2. Temporary Parking Lot DesiAPPROVED
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3. Resolution 92-207 Agenda1tem:�
NO. 92-207
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, AUTHORIZING THE INCLUSION OF SPECIFIC
PROJECTS WITHIN THE DEFINITION OF -PROJECT" RELATING
TO $22,940,000 CERTIFICATES OF PARTICIPATION (CAPITAL
IMPROVEMENT PROJECTS)
WHEREAS, the City of Santa Clarita, California (the
"City") has authorized the execution, sale and delivery of
the $22,940,000 Certificates of Participation (Capital
Improvement Projects) Evidencing a Proportionate Interest
of the Owners Thereof In Lease Payments To Be Made By the
City of Santa Clarita (Los Angeles County, California) to
the Redevelopment Agency of the City of Santa Clarita (the
"Certificates") pursuant to its Resolution No. 91-145
adopted on September 10, 1991 and the Fiscal Agent
Agreement by and between the Redevelopment Agency of the
City of Santa Clarita (the "Agency") and the Santa Clarita
Public Financing Authority (the "Authority") dated
October 1, 1991 (the "Fiscal Agent Agreement") to finance.
certain public capital public capital improvement
projects; and
WHEREAS, the capital improvement projects to be
financed by the proceeds from the sale of the Certificates
include. a portion of the City Hall Building (Valencia
National Bank Building), Soledad Canyon Road Improvements,
City Yard Building and other public capital improvement
projects permitted under the Fiscal Agent Agreement which
includes "other additional public capital improvements
projects permissible under the Bond Law (hereinafter
defined), which are authorized by resolution of the City
Council of the City";
WHEREAS, it is necessary, desirable and in the best
interests of the City to specify additional public capital
improvements projects as permitted under the Fiscal Agent
Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SANTA CLARITA,.CALIFORNIA AS FOLLOWS:
Section 1. Each of the above recitals is true and
correct.
Section 2. The City hereby finds and determines that
it is necessary, desirable and in the best interests of
the City to specify additional public capital improvement
projects as permitted under the Fiscal Agent Agreement;
Section 3. The City hereby finds and determines that
acquiring and constructing a temporary parking lot on
property adjacent .to the City Hall to park cars, including
the City fleet, and designing and constructing a
publicly -owned parking structure located at 23920 Valenica
Boulevard (collectively referred to as "Parking
Facilities") are .public capital improvement projects
permissible under applicable Bond law, being California
Government Code Sections 6584 et sea. (the "Bond Law") and
will not cause the Agency to be in breach of Section 705
of the Fiscal Agent Agreement.
Section 4. The City hereby designates the Parking
Facilities as an authorized project under the Fiscal Agent
Agreement which may be financed by the proceeds from the
sale of the Certificates.
Section 5. This Resolution shall take effect and be `
in full force from and after its adoption by the City
Council of the City.
ADOPTED by the City Council of the City of Santa'
Clarita, California this _ day of , 1992.
CITY OF SANTA-CLARITA, CALIFORNIA
MAYOR
(SEAL)
ATTEST:
CITY CLERK
TMM:man:1181
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF SANTA CLARITA )
I, DONNA M. GRINDEY, DO HEREBY CERTIFY the above and foregoing Resolution was
duly adopted by the City Council of the City of Santa Clarita at a regular
meeting thereof, held on the day of , 1992 by the following vote
of Council:
AYES:
COUNCILMEMBERS:
NOES:
COUNCILMEMBERS
ABSENT:
COUNCILMEMBERS:
Donna M. Grindey, City Clerk