TO: Board of Supervisors
FROM: Ryan J. Alsop, County Executive Officer
REPORT BY: Jasmine Elo, Management Analyst
SUBJECT: Issuance of loan to Napa Berryessa Resort Improvement District
RECOMMENDATION
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Adopt a Resolution granting a loan from the County in the amount of $1,160,366 to the Napa Berryessa Resort Improvement District in accordance with the promissory note for the purpose of funding 1) ongoing operations of facilities and 2) implementation of two small capital projects, and approve a Budget Amendment to fund the loan to Napa Berryessa Resort Improvement District. (Fiscal Impact: $1,160,366 Expense; General Fund; Not Budgeted; Discretionary)
[4/5 vote required]
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BACKGROUND
NBRID is a special district of the State of California organized in 1965 under the Resort Improvement District Law (Public Resources Code Section 13000 et seq.) for the provision of water and sewer service in an unincorporated portion of the County of Napa. By letter included with this agenda item, NBRID is requesting a loan from the County in the amount of $1,160,366.
Beginning in 1995, the NBRID's infrastructure suffered significant deterioration due to many components reaching the end of their useful life. In response, staff initiated small-scale rehabilitation projects whenever permissible within the confines of available funding. However, many necessary repairs were beyond the NBRID's budgetary capacity, and the deficient critical facilities resulted in negative action by the Regional Water Quality Control Board ("Regional Board").
The decline of the facilities and the mandates imposed by the Regional Board prompted a series of requests for loans from Napa County for various repair and improvement projects between 2008 and 2013. NBRID currently has five active loans from the County totaling $3,839,634.
Further description of each active loan is as follows:
Loan No. 1
On May 7, 2013 two loans were consolidated into a principal amount of $869,000 and issued for ...
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