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HomeMy WebLinkAboutA- 6 Library Bond Resolution RESOLUTION NO. _____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA, CALIFORNIA, TO CERTIFY THE CITY OF AZUSA’S APPLICATION FOR CYCLE 2 LIBRARY BOND ACT FUNDS AND DEMONSTRATE COMMITMENT TO THE OPERATION OF LIBRARY SERVICES FOR THE PROPOSED AZUSA CITY LIBRARY WHEREAS, California voters approved the Library Bond Act of 2000 authorizing $350 million for public library construction and renovation; and WHEREAS, pursuant to Education Code section 19995 (a) a resolution to certify the City of Azusa’s application and commitment to library services must be provided by all applicants requesting Library Bond Act Funds; and WHEREAS, Azusa voters overwhelmingly approved (76.46%) a local bond measure to raise local matching funds in the amount of $5.9 million; and WHEREAS, it is the intent of the City of Azusa to apply for Cycle 2 Library Bond Act Funds to build a new downtown central library in the heart of the city; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Azusa SECTION 1. Commits to provide the local matching fund amount of $8,660,927 identified in the library project budget and the amount of $2,703,000 to be credited to local matching funds pursuant to section 19995 (c) and (d); and SECTION 2. Commits to provide the supplemental funds of $2,895,050 necessary to complete the project; and SECTION 3. Commits to make available the local matching and supplemental funds specified in the project budget when they are needed to meet cash flow requirements for the project; and SECTION 4. Commits to and certifies the project budget of $27,640,557 as specified on the Application Form; and SECTION 5. Commits to operate the completed facility and provide public library direct service for a period of 40 years following the completion of the project; and SECTION 6. Affirms that all information submitted in the Application Form and the required supporting documents are accurate and truthful; and SECTION 7. That the City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 17thday of March 2003. _____________________________ CRISTINA MADRID, MAYOR ATTEST: ______________________________ VERA MENDOZA, CITY CLERK I HEREBY CERTIFY that the foregoing Resolution No. ____was duly adopted by the City Council of the City of Azusa at the regular meeting, thereof held on the 17th day of March, 2003, by the following vote of the Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: _____________________________ VERA MENDOZA, CITY CLERK