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HomeMy WebLinkAbout2005-293 '"'~ ,~' .~._-, H ~_~,.,., .<' ''''.'''''"""''''~~"~'~-'>' RESOLUTION NO. 2005-293 1 2 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO DECLARING THE CITY OF SAN BERNARDINO'S 3 OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES FROM PROCEEDS OF OBLIGATION FROM THE CALIFORNIA INFRASTRUCTURE 4 AND ECONOMIC DEVELOPMENT BANK 5 WHEREAS, the City of San Bernardino (the "Public Agency") intends to construct 6 and improve various city streets (the "Project"); 7 8 9 WHEREAS, the Public Agency expects to pay certain expenditures (the "Reimbursement Expenditures") in connection with the Project prior to incurring 10 indebtedness for the purpose of financing costs associated with the Project on a long-term 11 12 basis; WHEREAS, the Public Agency reasonably expects that a financing arrangement 13 ("Obligation") in an amount not expected to exceed $10,000,000 (ten million dollars) will be 14 15 entered into and that certain of the proceeds of such Obligation will be used to reimburse the 16 Reimbursement Expenditures; and 17 NOW, THEREFORE, the City of San Bernardino declares: 18 19 20 21 22 compliance with the requirements of Section 1.150-2 of the Treasury Regulations. This 23 24 25 26 27 Section 1. It finds and determines that the foregoing recitals are true and correct. Section 2. This declaration is made solely for purposes of establishing declaration does not bind the Public Agency to make any expenditure, incur any indebtedness, or proceed with the Project. Section 3. The Public Ag~ncy hereby declares its official intent to use proceeds of the Obligation to reimburse itself for Reimbursement Expenditures. 28 TB:mh[IBANKREIMB.RES] 1 ~~- ^ ,- "",' -'''', "P""'~':_^,"",n;"_,:'"AA"";<'''''''"'_'_'O'''_'=_~''__=__U -" "12"1 ~-' '---'~"''-''''''-_''-';!'''"__'_'___''~'''''?''.- ...._.')c"~-"'..:.,_,,_..:c:----~ -"'~ 1 2005-293 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY 2 OF SAN BERNARDINO DECLAJUNG THE CITY OF SAN BERNARDINO'S OFFICIAL INTENT TO REIl~mYJtSE CERTAIN EXPENDITURES FROM 3 PROCEEDS OF OBLIGATION FItbM THE CALIFORNIA INFRASTRUCTURE 4 ANDECONOMICDEVELOPMENTB~ 5 Section 4. All of the Reimbursement Expenditures were made no earlier than 6 60 days prior to the date of this Declaration. The Public Agency will allocate proceeds of the 7 8 9 Obligation to pay Reimbursement Expenditures within eighteen (18) months of the later of the date the original expenditure is paid or the date the Project is placed in service or 10 abandoned, but in no event more than three (3) years after the original expenditure is paid. 11 Section 5. This declaration shall take effect from and after its adoption. '" "'." ""."'-'"'_.>>-"'"-=='-~,~._--'" -,~ .C", -, - ._~ . .. .f""'.....-.,__""" - ~~.._~~-~'?-.;?;~'_"""'.:''"~.:;~''._)'\:''"''''''''''';"._.''_:: ,,)-:'7. -, .7':.,.-,-:-;,,"-: ',_~._,''?' __=;911 2005-293 1 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY 2 OF SAN BERNARDINO DECLARING THE CITY OF SAN BERNARDINO'S OFFICIAL INTENT TO REIMBURSE CERTAIN EXPENDITURES FROM 3 PROCEEDS OF OBLIGATION FROM THE CALIFORNIA INFRASTRUCTURE 4 AND ECONOMIC DEVELOPMEN1' BANK. 5 I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Mayor and 6 C C 'I fth 'f d' jt. regular ommon OunCI 0 e City 0 San Bernar mo at a meeting thereof, held on the 7 6th day of September , 2005, by the following vote, to wit: 8 Council Members: 9 10 ESTRADA AYES NAYS ABSTAIN ABSENT " x 11 LIEN LONGVILLE 12 13 14 15 16 x MCGINNIS x DERRY x KELLEY x JOHNSON x t 7 MCCAMMACK 18 19 20 21 22 23 24 25 26 ---1L- ~1.1~ " hel Clark, City Clerk g4-h da); f Sept. ,2005, The foregoing resolution is hereby approved this Approved as to Form and legal content: JAMES F. PENMAN, City Attorney BY.//~ /N()f' 27 ~ 28 3 TB:mh[IBANKREIMB.RES] ATTACHMENT A ImBAIIK CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK INFRASTRUCTURE STATE REVOLVING FUND PROGRAM General Fund Lease Financing Application Revised 812005 ""illr'o,-*--c - - ~ -,,',- ,---~--- - California Infrastructure and Economic De'{elopment Bank (I-Bank) Infrastructure State' Revolving Fund (ISRF) Program GENERAl.. FUND I..EASE FINANCING APPUCA TION PART I APPLICANT INFORMATION 1. Legal Name of Applicant: City of San Bernardino 2. Type of Applicant: IZI City o County o Other Public Agency, specify: o Joint Powers Authority o Special District 3. Mailing Address of Applicant: 300 North D Street San Bernardino. CA 92418 4. Contact Information: Prima Contact: Name of Contact: Fred Wilson Address (if different): same Title: Ci Administrator Telephone: 909 384-5122 Fax: 909 384-5138 E-mail: wilson n soo Alternative Contact' Name of Contact: Title: Ten Baker Sr. Administrative Analvst Address (if different): Telephone: same 909 384-5122 Fax: 909 384-5138 E-mail: baker te~sbciw.oro \ \ City of San Bernardino Financing Application Number: '8-O~193 Page 2 ~~, '~-,- 5. Consultants and/or Advisors Affiliated with the Project: (e.g., financial advisors legal counsel, consulting engineers, appraisers, etc.) Name: Mark Lancaster Address: Development Services Department 300 N D Street San Bemardino, CA 92418 Name: Xavier Leon Address: Public Services Department 300 N D Street San Bernardino, CA 92418 Title: rintendent Name: Title: Barbara Pachon Director of Finance Address: Telephone: Finance Department 909 384-5242 300 N D Street Fax: San Bernardino, CA 92418 909 384-5043 E-mail: pachon ba@sbcitv.ora Name: James Penman Address: City Attorney's Office 300 N D Street San Bernardino, CA 92418 PART II. FINANCING INFORMATION 1. Requested Financing Amount: $10,000,000 2. Financing Term Requested: 10 Years PART III. PROJECT INFORMATION " 1. Name of Project: Pavement Reconstruction and Rehabiliation City of San Bemardino Financing Application Number: 18-05-0193 Page 3 _~"<"O^ 2. Location/Address of Project: Various streets throughout the city as decribed in the Capital Improvement Program and depicted on project map. (Exhibit 2a - Approved CIP Projects, Exhibit 2b - Summary of Funding Sources, and Exhibit 2c - Project area map). . 3. Project Category (select all applicable categories): 181 City Streets D County Highways D Defense Conversion D Drainage, Water Supply & Flood Control D Educational Facilities D Environmental Mitigation Measures D Military Infrastructure D Parks and Recreational Facilities D Power and Communications D Port Facilities D Public Safety Facilities D Public Transit D Sewage Collection and Treatment D Solid Waste Collection and Disposal D State Highways D Water Treatment and Distribution 4. Detailed description ofthe Project and why the Project is necessary at this time: [References can be made to a detailed project description contained In either an environmental report or capital improvement plan or study.) \ \ City of San BematdinO Finsncing Application Number. 18-05-0193 Page .. -----~ ~- --~._,~,~.~- -~. ., Description of the Project: The City is proposing to reconstruct 3.4 miles of pavement and rehabilitate 25.5 miles of pavement in various locations throughout the city. In addition to the $10 million in projects proposed under this I-Bank loan, Gas Tax and 1/2 Cent Sales Tax dollars will be also be used fund pavement projects. A total of $1,411,000 in pavement reconstruction and rehabilitation projects was approved by the Mayor and Common Council in the 2005/06 Capital Improvement Program. Pavement Reconstruction projects are street sections that need the pavement and base removed and rebuilt. The sub-grade gets re-compacted and new base material (rock) is placed (about 5" to 6" in depth), compacted and then new asphalt is placed (between 4" and 6") over the new base material to provide a newly reconstructed road. The sub-grade is the native soil that the road is built upon. In some cases where the native soil is unusable, sub-base material will be brought in to be placed over the native soil. The thickness of the existing roadway is determined by taking core samples (cylindrical samples of the existing road). Once that is completed, the traffic index for the road is known (traffic index is the amount of daily traffic including the percentage of trucks on a given roadway), then the thickness of the new section that will be constructed is determined. For example, if the existing road is only 6" thick, then the road will probably be reconstructed with a full 6" of asphalt on the native soil without the use of any base material. If a road has a high volume of vehicles and a high percentage of trucks, then the section will likely be 6" of asphalt on top of 6" of rock. A road that has lower volume and less truck traffic will be thinner (down to the 4" of asphalt on top of 5" of rock). The thickness as described above is general and will vary for each street that is proposed for reconstruction. Pavement Rehabilitation projects consist of milling (also referred to as grinding) 1-1/2" of pavement from the existing street, sealing any cracks greater than 1/8" and replacing (overlaying) with new asphalt pavement. Once 1-1/2" of existing surfacing is removed, it is replaced with 1-1/2" of new material. Project Necessity: As decribed in Part V #4, many of the City's streets were paved over 50 years ago. Throughout the years, maintenance on many streets was deferred in the face of fiscal crises that have confronted local governments ever since Proposition 13. As a result, many streets are deteriorated past the point where routine maintenance can restore them to acceptable condition. Additionally, rapid deterioration of many streets occurred over the past year due in part to the winter storms of 2004/05. Potholes, irregular pavement, and poor "ride" quality make routine travel through the community rough and uncomfortable, and can even cause damage to vehicles. The City has seen a dramatic rise in the number of liability claims related to vehicles damaged by encounters with large potholes and ruts in pavement. 5. Project Sources And Uses of Funds Chart: \\ City of San Bernardino Financing Application Number: /8-05-0193 Page 5 _C' _"_'""~n -- -~-_~-____"P ""H~"'----~ _n_ Attach itemized cost estimates, bids, and/or construction contracts. [See sample format for the chart. label and attach as Exhibit 1. label cost estimates, bid, and/or construction contracts as Exhibit 1 a, 1 b, 1 c, etc.] 6. Provide evidence of commitment(s) for other Project funding sources, such as resolutions, commitment letters, grantlfjnancing agreements, etc. [label and attach as Exhibit 2-if multiple documents, label2a. 2b, 2c, etc.]. 7. Is land acquisition necessary for the Project? 181 No 0 Yes-If yes, provide a description of the land acquired or to be acquired (who owns, when purchased or to be purchased, cost, etc.), and list the funding source for the land: 8. Will the Applicant use any of its employees to construct or perform work for the Project? o No 181 Yes-If yes, explain: City field personel (14-18 employees) will be used for the following components of the projects: 1) All traffic control and work-zone barricading. 2) All street sweeping, raking, shoveling, rolling, inspection, supervision, notifications, and management. 9. Project Timeline-include specific Project milestones including, but not limited to, the preliminary engineering report, all required permits, design, environmental review, engineering, land/right-of-way acquisition, preparation of bid documents, awarding of construction contract, construction start date, construction completion date, and date the project will become operational. [label and attach as Exhibit 3.] 10. Provide a listing and status of all permits required to complete the Project, including environmental, construction and operating permits: \ \ Anticipated Permit Issuer Status Permit Date None foreseen " City of San Beman1ino Fin8llCing Application Number: /8-05-0193 Page 6 ".,,,, ",'.' ' ""~" - 11. CEQA Compliance Information. Describe each Project component that will require a seDarate CEQA review, and complete the following chart. [Label and attach as Exhibit 4-if multiple documents, label4a, 4b, 4c, etc.] Level Of Required Recorded Environmental Project Componentl11 Environmental Status Of CEQA NOD RevIew Compliance Documtnla Clearance Submltteci<<21 Submlttllcfl ~ Notice of Exemption o Not Starledlln Progress o Negative Declaration Exemot from CECA oer o Environmental Impact Expected date: . o Ves o Ves Section 15302 o Report (EIR) o No o No Unknown o Adopted/Approved b! Notice of Exemption o Not Startednn Progress o Negative Declaration o Environmenlallmpact Expected date: o Ves DYes o Report (EIR) o No o No Unknown o Adopted/Approved b! Notice of Exemption o Not Startednn Progress o Negative Declaration o Ves DYes o Environmenlallmpacl Expected date: o No o No o Report (EIR) o Adopted/Approved Unknown b! Nolice of Exemption o Not Startednn Progress o Negative Declaration DYes o Environmental Impact Expected date: o Ves o No o No n Report (EIR) o Adopted/Approved Unknown b! Notice of Exemption o Not Startednn Progress o Negative Declaration DYes o Environmental Impact Expected date: o Ves o No o No o Report (EIR) o Adopted/Approved Unknown 1. Submit a separate chart if more than four Project components. 2. Provide a date stamped copy of the Notice of Determination filed with the local County Clerk's office. 3. Provide a copy of the environmental review documentation, including any mitigation measures. 12. Tax exempt Financing. The Preliminary Application contained the following question: Will any entity, other than the Applicant or another state or local governmental entity, use or directly benefit from any portion of the Project other than as a member of the general public? (For this purpose, "use" includes owning, leasing, managing, operating, acquiring the output of, obtaining a priority right or other special arrangement with respect to, or otherwise deriving a direct economic benefit from the Project. Priority rights or special rates and charges anticipated for a particular user or group of usera should also be explained.) Select the answer that applies and provide the updated information (if applicable): 181 The information submitted in the Preliminary Application and the Supplemental Private Activity Questionnaire (if applicable) remains accurate and has not changed. o The information submitted in the Preliminary Application and the Supplemental Private Activity Questionnaire (if applicable) for this Project has changed as follows: \ \ City of San Bernardino Financing Application Number: 18-05-0193 Page 7 "~. """,,,,, """""'''~~"'~'- -~~ 13. Business Relocation. The Preliminary Application contained the following question: Will the proposed Project facilitate the relocation of a private sector business from one area of the State to another? If yes, explain. Select the answer that applies and provide the updated information (if applicable): [gI The information submitted in the Preliminary Application remains accurate and has not changed. D The information submitted in the Preliminary Application has changed as follows: PART IV LEGAL INFORMATION 1. Resolutions. Provide a copy of the resolution adopted by the govemingbody of the Applicant authorizing the submittal of the application, and, if applicable, the availability and commitment of Applicant funds to the proposed Project. Provide a copy of an adopted reimbursement resolution regarding Project preliminary costs, if applicable.. [See sample application and reimbursement resolutions. Label and attach as Exhibit 5. If multiple resolutions, label as 5a, 5b, 5c, etc.] 2. Describe the composition of the Applicant's governing body, including the number of positions. term, and selection/appointment process: Established by Charter, the City of San Bernardino operates under a .Strong Mayor form of government. The Mayor is elected by the voters at large. Each of the seven members of Council is elect by the voters within their respective wards. The Mayor and Concilmembers serve four-year terms. Through the delegation of the Mayor, the City Administrator provides overall management and supervision of all City Departments. The City of San Bernardino also has an elected City Attomey, City Treasurer, and City Clerk. 3. Describe any pending or anticipated litigation and/or contractual disputes that may negatively impact the financing repayment source, or the ability of the Applicant to enter into or repay the I-Bank financing: None. 4. Describe any past, present. or potential issues or controversies (including litigation) that are associated with the Project: . None. \\ 5. Describe any past, present, or potential issues or controversies (including litigation) that are City of San Bementino Finsnclng Application Number: /8-05-0193 Pege 8 - " ' ,'"''''~.~ associated with the asset(s) to the lease (if different than the Project): None. PART V. PROJECT RANKING INFORMATION 1. Job Creation/Retention. A. List and d~scribe the businesses or industries that will create full-time equivalent jobs within three (3) years of Project completion. If the Project will retain existing full-time equivalent jobs. provide the names of businesses that will retain jobs, and describe why these jobs would be lost if the Project is not completed. Provide addresses and a site map showing the Project and the location of the identified businesses. [Label and attach as Exhibit 6.] B. Provide written confirmation from the business entity(ies) that will create/retain the above described jobs including the number of jobs, classification of jobs, and whether each job is to be created or retained. [Label and attach as 6a, 6b, 6c, etc.] AND/OR Provide a feasibility study indicating the probable full-time equivalent jobs to be created within three (3) years of Project completion as a result of the proposed Project. [Label and attach as Exhibit 7.] 2. If any of the businesses or industries listed above are "Economic Base Employers,. describe how each business meets the definition of an "Economic Base Employer.. Also include the number of full-time equivalent jobs to be created or retained by each "Economic Base Employer. . In/a 3. If the Project will create or retain jobs as documented above, provide written documentation that demonstrates that the Applicant has an established relationship with local employment and training resources (e.g., One Stop Career Center, Pilot Regional Collaborative under the Regional Wor1<force Preparation and Economic Development Act, Wor1<force Investment Board, the Employment Development Department) to link local job seekers with employment opportunities created/retained as a result of the proposed Project. [Label and attach as Exhibit B. If multiple documents, label as Ba, Bb, Bc, etc.] 4. Explain how the Project will contribute to an improved quality of life, attractiveness and/or long-term economic competitiveness for the community. \ \ trhis Project will contribute to improved quality of life, attractiveness of the community, and I City of Sin f3em8rdino Financing App/ic8tion Number: 18-05-0193 Page 9 ~'n<' ...' ur long-term economic competitiveness in the following ways: mproving Quality of Life: . an Bernardino is an older city, and many of the City's streets were paved over 50 years go. Throughout the years, maintenance on many streets was deferred in the face of fiscal rises that have confronted local governments ever since Proposition 13. As a result, any streets are deteriorated past the point where routine maintenance can restore them o acceptable condition. \ \ n surveys conducted for the City by the Institute for Applied Research at California State niversity San Bernardino, community residents have repeatedly ranked poor street onditions as their #1 concern. Perhaps suprisingly, this concern has ranked even above he issues of crime, drugs, and gang activity as the most important problem facing local eaders. Potholes, irregular pavement, and poor "ride" quality make routine travel through he community rough and uncomfortable, and can even cause damage to vehicles. In fact, he City has seen a dramatic rise in the number of liability claims related to vehicles amaged by encounters with large potholes and ruts in pavement. s many commentators on quaility of life issues have noted, good street condition, along 'th other indicators of community upkeep such as tree trimming, street sweeping, and ttractive parks, instill a sense of community pride in residents that inspires private property wners to similarly keep up their homes and businesses. Good street condition is an mportant part of that "broken window" theory of community preservation and crime revention. y bringing a large number of the City's streets back into an acceptable condition, the roject will greatly improve quality of life in the community. mproving Attractiveness of the Community: ust as the Project will improve quality of life for the City's residents, businesses, and isitors, it will also approve the community's appearance. ecause of the age of many of the City's streets, most are not the smooth, clean-looking lack asphalt that most would picture on an attractive street. Most streets are virtual atchwork quilts of potholes, asphalt patches, and temporary repairs that have been made hrough the years. These deteriorated streets are also difficult to keep painted with clean ane lines and other traffic markings, so traffic striping is often in similarly poor condition. uring this Project, these deteriorated and poorly-maintained streets will be ground down nd overlayed with a fresh new blanket of asphalt, then painted with brand new traffic arkings. These new streets will be attractive and a source of pride to the neighborhoods nd business districts they serve. The improvement in community appearance is hard to verstate, as anyone living or working on one of these streets would be quick to testify. mproving Long-Term Economic Competitiveness: ccording to a 2003 report by the Public Policy Institute of California, California ranks 48th n the nation in terms of road condition. Despite the efforts of local leaders and Califomia olicymakers, maintenance expenditures have not kept pace with road usage and the rowth in the number of vehicle miles traveled. As a result, on many roads maintenance is ot the answer; complete rehabilitation of the pavement, as is proposed by this Project, is ecessa to brin the roadwa back into acce table condition. City of San Bernardino Financing Application Number: IB-05-0193 Page 10 ._~,_, 'm'"'_"~_,. his is especially important in San Bernardino, where like much of the Inland Empire, the ity's economy has become more and more dependent on the regional goods movement ndustry. As the home of a major BNSF Railway intermodal facility, as well as a number of arge wherehousing and distribution operations at the former Norton Air Force Base, San ernardino is the center of what has been characterized as an "inland port". Goods are oved by truck and rail to the City's wherehouse and distribution centers, where they are hen repackaged for hauling throughout t~e nation. This industry has become of one of the eading generators of new jobs in the City and the .region. owever, this transportation and logistics industry growth places a strain on the City's treet infrastructure. In order for this industry to remain viable and competitve, it is critical hat the City's streets be in the best of condition to tolerate the wear and tear of this truck raffic. treet condition is also part of the quality of life package that helps boost the City's ttractiveness to new companies looking to locate here. Corporate leaders are looking to ettle their employees and families in attractive, well-maintained communities. When they rive the City's current streets, their extremely worn condition does not project the type of mmunity image that is so important to economic development. Because the Project will 1I0w the City to improve such a large number of streets throughout the community, it will o long way toward helping the City project the positive image that will help economic rowth continue. 5. Describe how the Project is part of community revitalization, and economic development plan or strategy, or other community planning document. [Submit a copy of the plan(s)-Label and attach as Exhibit 9. If multiple documents, label as 9a, 9b, 9c, etc.] Improvement of the conditions of the City's streets has been identified as a top priority of ity residents, and is incorporated into the goals adopted by the Mayor and Council. s noted earlier, eliminating potholes and improving street conditions has been repeatedly amed as the most important challenge that City residents want to see addressed by City overnment. In addition, the City's Comprehensive Economic Development Strategy notes hat "much of the (street) infrastructure is ageing or needs to be upgraded to accommodate uture traffic loads' that are anticipated as a result of economic growth and the resulting ruck traffic. \ \ he Mayor and Council has addressed these concerns as part of its periodic goal-setting etreat. The need to invest in street infrastructure improvements has been incorporated nto the overall goal to increase beautification efforts and eliminate blighted conditions that xist in some parts of the community. ne of the outcomes of that goal-setting process was the acquisition of a Pavement anagement System to better help the City prioritize and maintain its streets. As was xpected, the Pavement Management System has confirmed the inadequate maintenance hat has been done in past years, and the need to reconstruct and rehabilitate many streets ue to the deterioration of existin avement. The s stem has estimated a total cost in City of San Bernardino Financing Application Number: IB-D5-0193 Page 11 ~"~~""'4'"'~"W'_",,_ ~ _~ ,,_ excess of $75 million to catch-up all streets to a reasonable condition. This Project will help the City make a considerable progress toward that goal. 6. The I-Bank will utilize unemployment, poverty, median family income or change in employment information for the City or County in which the Project is located, as appropriate. If the proposed Project will impact an area smaller than an incorporated City or the County, provide the following: ' A. Identify the area impacted by the Project ("Project Benefit Area"). The specified area can be a census designated place, census tract(s), census block group(s), or other defined area. B. Provide a map showing the Project Benefit Area. [label and attach as Exhibit 10.J C. Explain how the Project impacts or benefits the Project Benefit Area. 7. land Use. A. Indicate whether the Project is located in: I81Urban Area DRural Area B. Indicate the land use priority met by the Project: 181 First (Renew and maintain existing urban areas, both cities and suburbs (or existing developed rural areas.) (Develop yaClnt and under-utilized land within existing urban or suburban areas (or within existing developed rural areas) and presently seiVed by streets, water, sewer and other public services. Open space, historic buildings, recreational opportunities and the distinct identities of neighborhoods should be preserved.) (When urban development is necessary outside existing urban and suburban areas (or existing developed rural areas), use land that is immediately adjacent. Noncontiguous development would be appropriate when needed to accommodate open space, greenbelts, agricultural preservation or new town community development.) o Second o Third C. Provide an explanation of how the Project meets the selected land use priority selected above, including a discussion of the area, the amount and type of development, existing infrastructure (streets, water, sewer and other public services) of the Project site and the land immediately surrounding the Project. \ \ s described in Part III, #4, The City is proposing to reconstruct 3.4 miles of pavement and ehabilitate 25.5 miles of avement in various locations throu hout the cit. In addition to the City of San Bernardino Financing Application Number: IS-05-0193 Page 12 " ':"" 10 million in projects proposed under this I-Bank loan, Gas Tax and 1/2 Cent Sales Tax dollars ill be also be used fund pavement projects. A total of $1,411,000 in pavement reconstruction nd rehabilitation projects was approved by the Mayor and Common Council in the 2005106 apitallmprovement Project. s described in Part V #4, many of the City's streets were paved over 50 years ago. hroughout the years, maintenance on many streets was deferred in the face of fiscal crises hat have confronted local governments. As a result, many streets are deteriorated past the oint where routine maintenance can restore them to acceptable condition. Additionally, rapid eterioration of many streets occurred over the past year due in part to the winter storms of 004/05. 8. Provide an explanation of how the proposed Project will support or promote the protection and/or improvement of the environment: By dramatically improving road conditions in the City, the Project will promote the protection and even improvement of the environment in a number of ways. First, poor road condition negatively impacts fuel economy, leading to increased air pollution. According to the Automobile Club of Southern California, the average Californian spends almost $400 a year in extra vehicle operating and repair costs because of poor road conditions, the fourth highest in the nation. As road rideability improves, vehicles are more fuel-efficient, resulting in reduced fuel usage and reduced vehicle emissions. Secondly, poor road condititions directly impact stormwater quality in a negative way. On a street with potholes and ruts, stormwater can penetrate the surface to absorb oil and other pollutants that are in the asphalt itself and on the street. These pollutants are then carried through the storm drain system and into the ocean. Chucks and pebbles of asphalt, which contain oil and chemicals, are also swept into the storm drain. By restoring the condition of many streets, this Project will help improve stormwater quality and reduce the levels of pollutants that ultimately reach our oceans. Finally, a smooth street surface results in a more quiet ride for vehicles, which helps minimize the impact of noise on sensitive receptors. The rumble of trucks and cars riding over the rough street will be largely eliminated by this Project, resulting in reduced noise pollution in many neighborhoods. 9. Leverage. I-Bank shall utilize the Project Sources and Uses of Funds Chart submitted as Exhibit 1 to calculate the leverage for the Project. If the Project described in the Application is part of, or will contribute to, other public and/or private sector investment not listed in the Sources and Uses of Funds Chart submitted as \ \ Exhibit 1, provide an itemized listing of the additional investment sources and the amount of City of San 881711Jn1ino Fin8llCing Application Number: 18-05-0193 Page 13 ~-" .~--"~'"~~-~-~ -- funding that can reasonably be considered leveraged by the I-Bank financed Project. Attach appropriate documentation for each item listed. [Label and attach as Exhibit 11-if multiple documents. label as 11 a, 11 b, 11 c, etc.] PART VI. LEASE INFORMATION 1. Is the Project to be financed the subject of the lease? Dyes t8J No-describe the facility to be leased (address, year built, square footage, type of construction, etc.): Fire Stations will be leased for the purposes of this loan. An independent appraiser has been hired by the City to provide the estimated value of the stations. It is estimated that the each station will be valued at approximately $2 million; however, until the appraiser completes his analysis the City does not know how many of its nine available Fire Stations will be needed to secure this loan. The stations that are available for the purposes of this loan and are currently being valued are described as follows: Station Address Year Built Sq. Footage Type of Construction #2 1201 9th Street 1965 4446 Concrete Block #3 2121 Medical Center 1976 4318 Wood Frame/Stucco #4 2641 N "EO St 1965 6525 Concrete Block #5 1640 Kendall 1976 4318 Wood Frame/Stucco #6 1920 N Del Rosa 1976 4318 Wood Frame/Stucco #7 282 W 40th St 1953 4500 Wood Frame/Stucco #8 3998 E Highland 1985 4332 Concrete Block #9 202 N Meridian 1960 3558 Concrete Block #11 450 Vanderbilt 1988 6300 Concrete Block 2. Explain what essential services the leased facility provides to the community: The Fire stations provide elTlergency response to fire and medical aid situations. The city has twelve Fire Stations, including the Verdemont Fire Station that was completed in June of this year and funded through the IBank. 3. Provide a Preliminary Title Report on the proposed leased facility or facilities. [Label and attach as Exhibit 12.] 4. Complete a Comprehensive Environmental Survey for each separate proposed leased , , facility. [See survey form provided with this application. Label and attach as Exhibit 13-if multiple City of SanBemarrllno Financing Application Number. 18-05-0193 Page 14 -- -~~ <,m_N" ,,~ documents, label as 13a, 13b, 13c, etc.] 5. If the leased facility is not the Project to be financed, provide documentation of the current fair market value of the proposed leased facility or facilities (e.g., an appraisal of the leased property performed by an independent appraiser, or insurance information to document the value of the improvements along with land valuation documentation obtained from an independent professional). [Label and attach as Exhibit 14.] PART VI!. FINANCIAL INFORMATION 1. Provide complete copies of the most recent three (3) fiscal year-end audited financial statements for the Applicant, including all notes and disclosures. [Label and attach as Exhibit 15a, 15b, and 15c.] 2. Provide the current year's adopted budget. [Label and attach as Exhibit 16.] 3. Are there any events that have occurred since the date of the last financial statement that could materially affect revenues or overall financial condition of the General Fund? ~ No .0 Yes-explain: \ \ City of San Beman:lino Financing Application Number. IB"()5-0193 Page 15 ~~,~-__ ff_ _. 4. Provide a list of all financing obligations incurred after the date of the most recent financial statement (debts, notes, or capital leases) with maturities longer than one year and secured by a pledge of payment from the General Fund. Attach two coples of the financing document (e.g., official statement along with any underlying loan agreements, lease agreements, or indentures, etc.). [label and attach as Exhibit 17-if multiple documents, label as 17a, 17b, 17c, etc.] Outstanding Maximum Annual Name of Debt Date of Balance Debt Debt (as of Service/Lease 05/01/2005) Payment Master Equipment lease/Purchase 10/01/2004 $1,756,244 $210,724 Agreement with Koch Financial COrDoration in the amount of $2038,941 $ . $ $ $ $ $ 5. Provide a description of any off-balance-sheet debt obligations, including capital leases and other unconditional contractual obligations: None 6. Has the Applicant defaulted on any debt or other obligation including, but not limited to, bonds, leases of any kind, or loans? 181 No o Yes-Specify the date(s) and circumstances: 7. Describe the current capital improvement plan and expected plan for future debt issuance: As contained in the attached Capital Improvement Program. 8. Does the Applicant have an Interfund Transfer Policy? 181 No o Yes-Provide a written copy of the policy. [label and attach as Exhibit 18.] PART VIII. OTHER INFORMATION \ \ City of Sen 8eman1ino Financing Application Number: 18-05-0193 Page 16 ~ ~_~'"T - ~---< '-~ < .-. . '~~__MH<""~'" .' ~""" 1. Describe the Applicant's administrative and management ability to construct and operate the Project, including similar or larger projects: The City's Engineer (Development Services Department) and Street Superintendent (Public Services Department) will manage this project. The City Engineer is a Registered Civil Engineer in the State of California and has 18 years of experience with pavement rehabilitation and reconstruction projects. Over the last 4 years, he has been in management with the State of California and most recently with the City of San Bernardino managing and administering Capital Improvement projects from inception to completion. For the past 2 1/2 years, the Development Services Department and the Public Services Department have jointly performed the street rehabilitation component of the City's Capital Improvement Project. This joint effort consists of combining design/engineering services with operations. It has resulted in the successful completion of over sixty-five separate street projects, and the completion of all previous carryover projects. These projects were completed during years when horrific natural disasters, such as the foothill fires in 2003 and the subsequent rain storms of the past year occured. Staffing levels in management and administration are more than adequate in both departments to ensure that the proposed projects are completed in a timely manner. In addition to the City Engineer, he has a staff of seven engineers. Both departments have budget analysts and other senior and administrative personnel to augment their management staff. In addtion to the Street Superintendent, he has a qualified staff of six full time field supervisors, sixty full-time field personnel, and office staff. " City of San Bernardino Financing ApplicatiOn Number. /8-05-0193 Page 17 - .=.~ ~ r .--.. PART IX AU fHORIZATION I acknowledge that: . All information submitted to the Califomia Infrastrudure and Economic Development Bank is true and corred at the time of submission, and such information does not contain any untrue or misleading statement of a material fad, or omit to state any material fad necessary that would make the statements contained herein misleading. . The information included with this Application is consistent with the Preliminary Application dated June 21. 2005 in all substantive areas, except as otherwise noted herein. . I agree to promptly provide the I-Bank any material change to the information contained herein. SIGNATURE PRINT NAME AND TITLE DATE Fred Wilson, City Administrator 9/01/2005 Attachments: Application Checklist Sample Sources and Uses of Funds Chart Sample Application Resolution Sample Reimbursement Resolution Comprehensive Environmental Survey \\ City of San Beman:Ji1lO Financing Application Number: 18-05-0193 Page 18 " -" -" ~~_. General Fund Lease APPLICATION CHECKLIST INCLUDED APPLICATION CONTENT I YES NO 15<1 rl Aoolication-Sioned and Dated ~ 0 Exhibit 1-8ources and Uses of Funds Chart ' IAltach Itemized COlt bids Incllor conatructiOn contracts IS Exhibits 1 a 1 b 1 c etc.! Exhibit 2-Documentation of Other Proiect Fundino Sources [5< Exhibit 3-Proiect Timeline Exhibit 4-CEOA Documentation Exhibit 5-AdOoted Resolutions-Application and Reimbursement )c Exhibit 6-Bu$/ness Location tv1aoslLetters from Businesses Exhibit 7-FeasibUitv Studv(ies) for "Job CreationlRetention Exhibit 8-Evidence of Local EmplovmentlTrainina Resources Utilization 181 0 Exhibit 9-Community Revitalization, Economic Strategy or Other CommunitV Plans Exhibit 1o-Mao of Proiect Benefit Area Exhibit 11-Docum.,ntation of Public/Private Leveraaed Investment Exhibit 12-Preliminarv Title Report Exhibit 13-Comorehensive Environmental Survev(s) Exhibit 14-FacliitV Valuation Documentation Exhibit 15- Three (3) Years Audited" Financial Statements Exhibit 16-CurTel'lt Year AdOOfed Budaet Exhibit l7-Other Financina Obliaation Documentation >< Exhibit 18-lnterfund Transfer Policv/Reimbursement Agreement ;<i " City of san Bemarrllno Financing Application Number: 18-05-0193 Page 19