Title
Authorizing the appropriate City officials to execute and record deed declarations for capital projects funded with State General Obligation Bonds.
Body
WHEREAS, CF PH 20-276, CF PH 21-147, and CF PH 23-296 authorized the execution of grant agreements for various capital projects funded with State General Obligation Bonds; and
WHEREAS, a requirement of all said grant agreements is the recording of a declaration on the deeds of the project properties that declares that said properties are “bond financed property” for 125% of the useful life of the funded improvement; and
WHEREAS, the Department of Parks and Recreation desires to record all required declarations to remain in compliance with all grant agreements; now, therefore, be it
RESOLVED, that the proper officers are hereby authorized to execute and record deed declarations for all projects named in the aforementioned resolutions.