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Supervisor Knight recommending reimbursement/liquidation of Funding Agreement 209-FO611 dated August 30, 2005 between County of El Dorado and Cameron Park Community Services District for the County's Community Enhancement Program; and direct the Auditor-Controller to reimburse Cameron Park Community Services District the approximate remaining balance of $322,554, thereby closing out the account of said Agreement pertaining to Invoices dated August 26, 2009 and September 16, 2009; and further recommending approval of Budget Transfer 2010020 for same. (Cont'd 11/3/09, Item 15) (Est. Time: 10 Min.)
FUNDING: County's Community Enhancement Program - $322,554.
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Fiscal Impact/Change to Net County Cost: County's Community Enhancement Program $322,554
Background: On November 6, 2001, Agenda Item 80, the board allocated the sum of $1,000,000.00 for use in the development and construction of the Cameron Park Community Center pursuant to the County's Community Enhancement Program. Funding Agreement 209-FO611, with the Cameron Park Community Services District (CSD), was executed on August 30, 2005, and provides funding for the design and construction fo the Cameron Park Community Center. With the receipt of this final request, the District will have received the full amount awarded by the County and will complete the County's obligation under Funding Agreement 209-FO611.
Reason for Recommendation: This will complete the County's obligation under Funding Agreement 209-FO611.
Action to be taken following Board approval: Direct Auditor/Controller to reimburse Cameron Park Communtiy Services District the approximate remaining balance of $322,554, thereby closing out the account for Funding Agreement 209-FO611, pertaining to Invoices dated August 26, 2009 and September 16, 2009.
Contact:
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