On June 23, 2020, the Board of Supervisors approved the submission of an application to the California Infrastructure Economic Bank (IBank) to finance the construction of an Evidence Storage Building & Morgue Project (Project) under the Infrastructure State Revolving Fund Program (ISRF Program). The Project consists of a new 10,840 square foot building to be constructed on a site directly east of the East Jail Facility. The proposed building will replace the existing evidence storage building and include a full-service morgue. The total project cost is estimated at up to $14,000,000 of which approximately $2,000,000 is a cash injection and $12,000,000 is proposed to be financed for a term of 30 years, at a fixed interest rate of 2.50%. The complete application was submitted to IBank on July 15, 2020. IBank has requested a resolution from the County certifying the Project meets Bank's Criteria, Priorities, and Guidelines for the Selection of Projects for Financing under the ISRF Program (Criteria) which include the efficient use of public resources, consistency with the Butte County and Oroville General Plans, appropriateness of the financing for the Project and consideration of environmental impacts. County staff have reviewed the Criteria, which can be found at https://www.ibank.ca.gov/wp-content/uploads/2020/06/Board-Approved-Final-ISRF-Criteria.pdf, as well as relevant material including the Board adopted the Mitigated Negative Declaration for the Project, and recommend the Board adopt a resolution certifying the Project meets the Criteria and authorizing the Chief Administrative Officer and his or her designee to act on behalf of the County in all matters pertaining to the financing application. (County Administration)