RES 1261\^L>)RESOLUTION NO .
A RESOLUTION providing for reimbursement to the General
Fund from the proceeds of a financing contract entered into with
the State Treasurer 's Office for HVAC projects at the police facility
and the library .
WHEREAS,the City will incur expenses for upgrades to the HVAC systems at the police
facility and the library,and
WHEREAS ,the City has entered into a financing contract with the State Treasurer for the
cost of the HVAC improvements,and
WHEREAS ,the City will incur expenses related to the HVAC project before the
proceeds of the financing agreement with the State Treasurer are available,and
WHEREAS,there are sufficient unappropriated monies in the general fund to pay for
such expenditure pending reimbursement from the financing contract proceeds,
NOW ,THEREFORE,THE COUNCIL OF THE CITY OF CAMAS DO RESOLVE AS
FOLLOWS :
SECTION I
The City of Camas (the "local agency ")reasonably expects to reimburse the HVAC
expenditures described above with the proceeds of a financing contract to be entered into by the
local agency and the State Treasurer (the "reimbursement obligation ").
SECTION II
The expenditures with respect to which the local agency reasonably expects to be
reimbursed from the proceeds of the reimbursement obligations are for the installation of a new
HVAC system at the police facility and an upgrade to the HVAC system at the library .
SECTION III
The expenditures with respect to which the local agency reasonably expects to be
reimbursed from the proceeds of the reimbursement obligations will be made from the General
Fund .
SECTION IV
The maximum principal amount of the reimbursement obligations expected to be issued
for the property described in Section II is $500,000.00 .
ZV -ADOPTED at a regular meeting of the Council of the City of Camas this day of
January,2013.
SIGNED :
Mayor
ATTEST:
Clerk
APPROVED as to form :
City Attorney