City Council

Item S500: IBank Infrastructure State Revolving Fund Program Loan for the Miramar Landfill\nOrganics Processing Facility Project. (Added 7/6/23)\nThis item will be considered in the morning session which is scheduled to begin at\n10:00 a.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nPlease see the "Fiscal Considerations" section of the Staff Report.\nCouncil District(s) Affected: 6.\nProposed Actions:\n(O-2023-200)\nIntroduction of an Ordinance authorizing the application for, and incurrence of, a loan in a\nmaximum principal amount not-to-exceed $40.0 million from the California Infrastructure\nand Economic Development Bank to finance an Organics Processing Facility at the\nMiramar Landfill, and approving certain other matters in connection therewith.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nJune 21, 2023.\nACTION: Motion by Vice-Chair Moreno, second by Committee Member Lee, to\nrecommend Council approval of staff's proposed actions.\nVOTE: 4-0; Montgomery Steppe-yea, Moreno-yea, LaCava-yea, Lee-yea.\nDepartment of Finance: Jyothi Pantulu, (619) 236-6917\nCity Attorney Contact: Bret A. Bartolotta