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July 18, 2019 Page 3 3. Authorize General Manager to enter into a grant agreement with the City of Thousand Oaks for Construction of a Healing Garden at Conejo Creek North Park. 4. Recognize grant revenue in the amount of $250,000 and appropriate to Healing Garden Project (62-802-811-80401-017.) S. Waive formal bidding procedures and authorize the General Manager to execute contracts and agreements necessary to effectuate the Healing Garden improvements and events. 6. Approve Healing Garden Flower/Memento Policy as part of the maintenance of the Healing Garden B. Public Hearing and Adoption of Resolution 071819-B Making a Finding of Significant Public Benefit and Other Findings in Connection with a Proposed Revolving Credit Agreement for, and Issuance of Related Promissory Notes by, the Mountains Recreation and Conservation Authority to Finance the Authority's Grants and Annual Operating Costs Huffer opened the public hearing. Friedl thanked Lewanda for the huge undertaking this item required. Lewanda provided a history of MRCA's line of credit, which began in 2006, and was renewed in 2009 and 2014. MRCA's business has gotten more broad and complex; analysis determined what the size of the current line of credit should be. She explained MRCA Is primarily a grant -driven organization and the grants are reimbursable; years ago, MRCA would get the grant andthe cash. Now MRCA spends the money and then invoices the grantor, which explains the need for a line of credit. The line can only be spent within the footprints of CRPD, Rancho Simi Recreation and Park District and Santa Monica Mountains Conservancy. An RFP was sent to five banks; staff is proposing to work with BBVA USA. The partner agencies are not responsible for paying the debt. Tonight, staff is simply looking for the CRPD Board to agree that there is a public benefit to having this credit line in place. Huffer closed the public hearing. It was moved by Lange, seconded by Holt, and carried 4-0 to adopt Resolution 071819- 6, A Resolution of the Board of Directors of the Conejo Recreation and Park District Making a Finding of Significant Public Benefit and Other Findings in Connection with a Proposed Revolving Credit Agreement for, and issuance of Related Promissory Notes by, the Mountains Recreation and Conservation Authority to Finance the Authority's Grants and Annual Operating Costs, that it be read in title only and all further readings be waived. C. Award Bid for Dos Vientos Neighborhood Park, Kimber Park, Rancho Conejo Playfield Playground Improvement and North Ranch Neighborhood Park Walking Path Improvement Project