City Council

Item 58: IBank Infrastructure State Revolving Fund Program Loan for the Miramar Landfill\nOrganics Processing Facility Project.\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:\nAdopt the following Ordinance which was introduced on 7/11/2023, Item S500 (Council\nvoted 9-0):\n(O-2023-200)\nOrdinance authorizing the application for, and incurrence of, a loan in a maximum\nprincipal amount not to exceed $40.0 million from the California Infrastructure and\nEconomic Development Bank to finance an Organics Processing Facility at the Miramar\nLandfill, 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