24-1433
Adopt a Resolution to Amend the FY2023-24 Capital Improvement Program (CIP) Budget and Approve a Loan Agreement It is recommended that the City Council take the following actions: 1) Adopt the following resolution: RESOLUTION NO. 2024-82 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AMENDING THE FY2023-24 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY INCREASING REVENUE ESTIMATES BY $568,500 FROM SOCALREN REVOLVING SAVINGS FUND LOAN PROCEEDS AND BY CREATING A NEW PROJECT, “POMONA POLICE STATION/FIRE STATION 181 ENERGY EFFICIENCY UPGRADES,” PROJECT NO. 428-2590-XXXXX-71119, AND APPROPRIATING THIS $568,500 OF SOCALREN REVOLVING SAVINGS FUND LOAN PROCEEDS TO THE PROJECT 2) Approve a loan agreement between the City of Pomona and the County of Los Angeles in the amount of $568,500 for a SoCalREN Revolving Savings Loan; and, 3) Authorize the City Manager to execute a loan agreement on behalf of the City of Pomona with the County of Los Angeles to fund energy efficient equipment replacements, contingent on City Attorney review.
What this record is
- Amount
- $569K
- Runs until
- no end date published in this record
- Type
- amendment
- Field
- Public safety
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council / Housing Authority
- Requested by
- Water / Wastewater
- Introduced
- May 16, 2024
- On agenda
- June 3, 2024