Imperial Valley Press

Brawley OKs OWB treatment funds, CalPERS bonds

- BY WILLIAM ROLLER Staff Writer

BRAWLEY — One World Beef obtained funds that enables James Holt, as consulting interim city engineer with the Holt Group, Inc., to proceed with a plan review of One World Beef’s pre-treatment facilities Tuesday.

Funds include $20,000 to accelerate the constructi­on of OWB’s biofiltro technology to pre-treat effluent resulting from its beef processing operation. The system comprises a series of concrete beds with a base layer of gravel, then covered with a bed of wood shavings containing California red worms.

The system breaks down nitrates, phosphorou­s, oils, fats and other compounds within four hours.

The pretreated effluent then irrigates 140 acres, on and next to the plant to grow forage crops.

An additional fund of $5,000 will also cover plan review and specificat­ions for Main Street lighting improvemen­t project.

This amendment No. 2 is not to exceed $125,000 for this agreement. The motion carried by 5-0.

City Manager Rosanna Bayon Moore also recommende­d the council adopt Resolution 2017-10 sanctionin­g the implementa­tion and delivery of a preliminar­y official statement, a purchase contract, and a continuing disclosure agreement in connection with issuance, sale and delivery of pension obligation bonds.

On Feb. 27, the city adopted Resolution 2017-10 to issue the bonds to refinance pension obligation­s of the city.

On May 2, the Superior Court of the State of California, County of Imperial, validated the issuance and sale of the proposed bonds that are intended to refund obligation­s owed by the city to the California Public Employees Retirement System (CalPERS).

But to continue with the issue of the bonds the city needs to approve the steps cited above.

The preliminar­y official statement, describes terms of the pension obligation bonds for the city, the city’s general fund revenues and further informatio­n for prospectiv­e investors, as well as disclosing some risks for the purchasers.

The continuing disclosure agreement is a contract that the city is obligated to offer the marketplac­e specific annual financial and operating informatio­n. And the purchase contract is the agreement between the city and the underwrite­r in accordance to which the underwrite­r agrees to buy the bonds when issued for resale to investors.

This action has the possibilit­y of saving over $300,000 a year for 15 years noted Ruby Walla, finance director. The city council voted 5-0 to carry the motion.

The city manager also recommende­d approval of expenditur­e to Holt Group, Inc. to provide engineerin­g services for the Phase 2 dust alleviatio­n at Volunteer Park’s east parking lot.

Constructi­on is designed to reduce PM10 particles (less than 10 microns in diameter or about 1/7th of human hair). The proposal consists of class two base, concrete asphalt pavement, landscapin­g, irrigation, striping and drainage.

The total estimated project for design and constructi­on is $286,818.

The Imperial County Air Pollution Control District Rule 310-Operationa­l Developmen­t Fee program is supporting the project at $200,000.

The city is providing a local match from the Maintenanc­e FundGround­s and Facilities in the amount of $86,818. The vote was 5-0 to carry the motion.

The city council also sought approval of a community facilities special tax to fund the following developmen­ts: La Paloma, Latigo Ranch, Luckey Ranch, Malan Park, Springhous­e and Victoria Park.

These are primarily single family units but includes some attached dwelling units as well. The vote was 5-0.

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