TO: Members of the Governing Board
FROM: Christopher Silke, District Engineer
REPORT BY: Annamaria Martinez, Assistant Engineer
SUBJECT: Approval of letter and resolution requesting loan from Napa County to the Napa Berryessa Resort Improvement District Administration Budget, and authorization for a promissory note and a budget amendment to increase appropriations for Fiscal Year 2024-25 if Napa County approves the loan.
RECOMMENDATION
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Adopt a Resolution; authorize a letter requesting a loan from the Napa County Board of Supervisors in the amount of $1,160,366 pursuant to Government Code Section 25214.4; authorize the promissory note; and approve a Budget Amendment if Napa County approves the loan. (Fiscal Impact: $160,366 Revenue, Napa Berryessa Resort Improvement District Fund, Not Budgeted, Discretionary)
[4/5 vote required]
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BACKGROUND
The Napa Berryessa Resort Improvement District (NBRID) is a special district of the State of California organized 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, which includes Unit 1 and 2 of the Berryessa Highlands and the Oakridge Estates.
Government Code section 25214.4 authorizes Napa County to loan funds to NBRID with a term of up to three years after the end of the fiscal year in which the loan is made, with a 4/5 vote of the Board of Supervisors. NBRID currently has four active loans from Napa County totaling $3,839,634. The active loans are:
Loan No. 1 for $869,000 which is the result of the consolidation of two smaller loans issued between 2008 and 2012 used to fund capital projects and operations and maintenance activities; Loan No. 5 for $345,634 which is an original loan from 2022 used to supplement funding for a capital project, Loan No. 6 for $1,000,000 which is an original loan from 2023 used to fund operations and maintenance expenses, and Loan No. 7 for $1,6...
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