Matter SCC-128114

BOS-2026-46 : Adopt Resolution reauthorizing an inter-fund loan of up to $300,000 from the General Fund to the Airport Enterprise Fund.

Budget & Finance Board of Supervisors

2 Documents on file 269 KB · 2 extracted · 2 AI summaries

File: SCC-128114
Type: Unknown
Status: Unknown
Requester: Unknown
Introduced: Unknown
Last synced: 15 Jul 2026 · 03:12

The papers

2 documents · 269 KB

01 153 KB

Resolution Printout

153 KB Extracted AI Summary

file Unknown sha 818b88cf596b source Open source document ↗

Generated summary AI-assisted

This document is a resolution from the County of Santa Clara recommending the adoption of a replacement resolution for an inter-fund loan of up to $300,000 from the General Fund to the Airport Enterprise Fund. The resolution aims to accurately reflect the repayment obligations of the Airport Enterprise Fund and provide flexibility in repayment terms. The loan is intended to fund a study on potential future land uses for the Reid-Hillview Airport site. The document outlines the fiscal implications, background, and reasons for the recommendation, indicating no new fiscal impact to the General Fund.

Key points

The resolution recommends adopting an inter-fund loan of up to $300,000 from the General Fund to the Airport Enterprise Fund.
The loan is intended to fund a study on future land uses for the Reid-Hillview Airport site.
The recommended action replaces an original Board-approved resolution to better reflect repayment obligations.
There is no new fiscal impact to the General Fund from this action.
The County's FAA grant assurances limit the use of AEF revenue for loan repayment.

Limitations

The document does not specify the exact terms or conditions of the loan.
There are unresolved placeholders in the document, such as specific dates and additional funding requests.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 4,375 chars

County of Santa Clara Office of the County Executive 128114 DATE: April 28, 2026 TO: Board of Supervisors FROM: Sylvia Gallegos, Deputy County Executive SUBJECT: Replacement Resolution for Inter-fund Loan to Roads and Airports Department RECOMMENDED ACTION Adopt Resolution reauthorizing an inter-fund loan of up to $300,000 from the General Fund to the Airport Enterprise Fund. FISCAL IMPLICATIONS There is no new fiscal impact to the General Fund resulting from the recommended action. In Fiscal Year 2024-2025, the Board approved an inter-fund General Fund loan of $300,000 to the Airport Enterprise Fund. REASONS FOR RECOMMENDATION AND BACKGROUND At the June 11, 2024 Board of Supervisors Budget Hearing (Item No. 56), the Board approved an inter-fund loan of $300,000 from the General Fund to the Airport Enterprise Fund (AEF) to fund a study of possible future land uses on the Reid-Hillview Airport site. The recommended action replaces the original Board-approved Resolution to more accurately reflect the Airport Enterprise Fund’s repayment obligation and to provide additional flexibility in structuring repayment terms, consistent with Federal Aviation Administration grant assurance...

02 116 KB

Resolution Reauthorizing Inter-Fund Loan to Airport Enterprise Fund

116 KB Extracted AI Summary

file Unknown sha 57ad73b6cae2 source Open source document ↗

Generated summary AI-assisted

The Board of Supervisors of Santa Clara County has passed a resolution to reauthorize an inter-fund loan from the General Fund to the Airport Enterprise Fund for a project related to Reid-Hillview Airport. The project, which involves planning and outreach, has an anticipated cost exceeding $300,000. The resolution allows for the temporary transfer of up to $300,000 from the General Fund to the Airport Enterprise Fund, with specific terms regarding interest rates and repayment schedules.

Key points

The project is related to the future use of Reid-Hillview Airport.
The anticipated total cost of the project is over $300,000.
The Board previously allocated up to $300,000 from the General Fund to the Airport Enterprise Fund.
The resolution allows for the temporary transfer of funds with conditions on interest rates and repayment.

Limitations

The text indicates specific dates and amounts but does not clarify if they are final or subject to change.
There are unresolved placeholders in the document that may affect the summary.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 2,503 chars

RESOLUTION NO. ----RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF SANTA CLARA REAUTHORIZING AN INTER-FUND LOAN FROM THE GENERAL FUND TO THE AIRPORT ENTERPRISE FUND WHEREAS, on December 12, 2023, the Board of Supervisors of the County of Santa Clara ("Board") approved a project relating to planning and outreach for the future use of the current site of Reid-Hillview Airport ("Project"), to be overseen by the Office of the County Executive and the Roads and Airports Department ("Department"); WHEREAS, the Project has an anticipated total cost of over $300,000; WHEREAS, on June 11, 2024, the Board allocated up to $300,000 from the General Fund to the Department's Airp ort Enterprise Fund (AEF) to pay for the Project and adopted Resolution No. BOS-2024-76 establishing the terms of an interfund loan between the General Fund and the AEF; WHEREAS, the Department maintains the AEF to fund operations and capital improvements at the County Airports, including certain airport planning projects; WHEREAS, the Board desires the Project to be funded from the AEF to the extent such payments are consistent with all applicable legal and contractual obligations; WHEREAS, a loan from the...