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Home My WebLink AboutR-2006-056 SRF Loan Application RESOLUTION NO. 2006-056 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, RELATING TO THE STATE REVOLVING FUND LOAN PROGRAM; MAKING FINDINGS; AUTHORIZING THE SUBMISSION OF A LOAN APPLICATION FOR THE AMOUNT OF $350,000.00 FOR CONSTRUCTION ACTIVITES ASSOCIATED WITH INFILTRATION AND INFLOW ON THE CITY WASTEWATER SYSTEM; AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE THE LOAN AGREEMENT; ESTABLISHING PLEDGED REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Florida Statutes provide for loans to local government agencies to finance the construction of wastewater facilities; and WHEREAS, Florida Administrative Code rules require authorization to apply for loans, to establish pledged revenues, to designate an authorized representative; to provide assurances of compliance with loan program requirements; and to enter into a loan agreement; and WHEREAS, the State Revolving Fund loan priority list designates DEP Project No. WW79104 for financing of pre-construction activities involved with lift stations and infiltration projects approved in the FY-05 Capital Improvement Plan which are eligible for available funding; and WHEREAS, the City of Dania Beach, Florida, intends to enter into a loan agreement with the Department of Environmental Protection under the State Revolving Fund for project financing; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA: Section 1. That the foregoing findings are incorporated by reference. Section 2. That the City of Dania Beach, Florida is authorized to apply for a loan to finance DEP Project No. WW79104. Section 3. That the revenues pledged for the repayment of the loan are net water and sewer system revenues after payment of debt service on the City's Series of outstanding obligations as noted in the loan application. Section 4. That the City Manager is hereby designated as the authorized representative to provide the assurances and commitments required by the loan application. Section 5. That the proper City officials are authorized to execute the loan agreement. The City Manager is authorized to delegate responsibility to appropriate City staff to carry out technical, financial, and administrative activities associated with the loan agreement. Section 6. That the legal authority for borrowing monies to construct this Project is derived from Florida Statutes. Section 7. That all resolutions or part of Resolutions in conflict with any of the provisions of this Resolution are hereby repealed. Section 8. That if any Section or portion of a Section of this Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force or effect of any other Section or part of this Resolution. Section 9. That this Resolution shall become effective immediately upon its passage and adoption. • PASSED AND ADOPTED on March 14, 2006. 10- e4x-1 PATRICIA FLURY MAYOR—COMMISSIONER ATTEST: ROLL CALL: _ l COMMISSIONER BERTINO-ABSENT COMMISSIONER CASTRO- YES LOUISE STILSON, CMC COMMISSIONER MCELYEA- YES CITY CLERK VICE-MAYOR ANTON- YES MAYOR FLURY—YES APPROVED AS TO F RM SND CORRECTNESS: BY: I -�- //IN/� TH MAC' J. A S RO CITY ATTORNEY 2 RESOLUTION #2006-056 Message Page 1 of 1 Nasser, Miriam • From: h2o_man [h2o_man@bellsouth.net] Sent: Friday, March 24, 2006 9:09 AM To: Nasser, Miriam Subject: Re: SRF Loan Application Hi Miriam I will stop by and pick both loan application origianls. I do need the resolution as well. THanks Fred ----- Original Message ----- From: Nasser, Miriam To: h2o man Sent: Friday, March 24, 2006 8:53 AM Subject: SRF Loan Application Good morning Fred: I have two originals of the SRF Loan Application to be processed. I spoke with Patty Varney and she said to contact you and you will take care of this. So, do you want me to leave these originals in an • envelope at the Reception Desk for you to pick up? If you think you will need it, I can also include a copy of the Resolution authorizing the submission of the Loan Application, adopted by the City Commission on March 14, 2006. Please let me know. Thank you and HAVE A GREAT WEEKEND! Miriam Nasser Deputy City Clerk City of Dania Beach Tel#954-924-3624 • 3/24/2006 F,r STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION STATE REVOLVING LOAN PROGRAM for Point Source Water Pollution Control WW79104 Infiltration and Inflow Ph I Manhole Sealing and Smoke Testing LO ASTAFINLICA ION �JOTECTi0N n k Florida Department of Environmental Protection Bureau of Water Facilities Funding Twin Towers Office Building 2600 Blair Stone Road,MS 3505 Tallahassee, FL 32399-2400 Form 62-503.900(2) Effective Date 7-29-04 TABLE OF CONTENT'S Page LOAN APPLICATION Number (1) SUBMITTAL....................................................................................................................., (2) COMPLETING THE APPLICATION................................................................................................... 1 (3) ASSISTANCE................................................................................... . 1 . ................................ PART I-ADMINISTRATIVE INFORMATION (1) PROJECT SPONSOR................................................................................................................. 1.. ......... AUTHORIZED REPRESENTATIVE...................................................... 1.............................................. (3) PRIMARY CONTACT................................................................................................................ 1........... 4) ADDITIONAL CONTACTS....................................................... 1........................................................... (5) PROJECT NUMBER................................................................................................................... 1........... 6) CAPITALIZATION GRANT PROJECT REQUIREMENTS................................................................ 2 (7) FINANCIAL HARDSHIP............................................................................................................ 2 ........... 8) DIRECT AND LEVERAGED LOANS.................................................................................................. 2 PART II-PROJECT INFORMATION A. PRECONSTRUCTION PROJECT (1) ACTIVITIES........................................................................ 2 ......................................................... (2) SCHEDULE............................................................ 2 ...................................................................... (3) COST............................................................................................................................................. B. CONSTRUCTION PROJECT (1) ACTIVITIES....................................................................................... (2) SCHEDULE............................................................................................................................................ 3 (3) COST...................................................................................... PART III-FINANCIAL INFORMATION • (1) PRINCIPAL ............................................................................... 4 ............................................................ (2) TERMS AND REPAYMENT................................................................................................................. 4 (3) ANNUAL FUNDING LIMIT................................................................................................................. 4 (4) LOAN REPAYMENT RESERVE.......................................................................................................... 4 (5) INFORMATION ON LIENS.................................................................................................................. 4 (6) ACTUAL AND PROJECTED REVENUES.......................................................................................... 5 (7) AVAILABILITY OF PLEDGED REVENUES................................................. (8) LOAN SERVICE FEE............................................................................................................................ 5 PART IV-AUTHORIZATION AND ASSURANCES (1) AUTHORIZATION........................................................................................................ . (2) ASSURANCES......................................... PART V-SUPPLEMENTARY INFORMATION SCHEDULE OF PRIOR AND PARITY LIENS............................................................................................. 8 SCHEDULE OF ACTUAL REVENUES AND DEBT COVERAGE............................................................ 9 SCHEDULE OF PROJECTED REVENUES AND DEBT COVERAGE...................................................... 10 LIST OF ATTACHMENTS........................................................ 1 I ............................................... Form 62-503.900(2) -i - Effective Date- 7-29-04 LOAN APPLICATION (1) SUBMITTAL. Submit the application and attachments to the Department of Environmental Protection, MS 3505, Bureau of Water Facilities Funding, 2600 Blair Stone Road, Tallahassee,Florida 32399-2400. (2) COMPLETING THE APPLICATION. (a) This application consists of five parts: (I) ADMINISTRATIVE INFORMATION; (II) PROJECT INFORMATION; (III) FINANCIAL INFORMATION; (IV) AUTHORIZATION AND ASSURANCES; and (V) SUPPLEMENTARY INFORMATION. (b) All information provided on this application must be printed. Monetary amounts may be rounded. (c) Forms and attachments to be submitted are denoted with italic print. (3) ASSISTANCE. Completing this application may require information that can be obtained from Bureau of Water Facilities Funding staff. Please call(850)245-8358 or SUNCOM 205-8358 for assistance in completing this application. PART I -ADMINISTRATIVE INFORMATION (1) PROJECT SPONSOR City of Dania Beach Federal Employer Identification Number 59-6000-338 (2) AUTHORIZED REPRESENTATIVE (person authorized to sign or attest loan documents). Name Ivan Pato Title _City Manager Telephone 954-924-3606 FAX 954-923-2604 Email i ato2ci.dania-beach fl us Mailing Address 100 West Dania Beach Blvd. Dania Beach, FL 33004 (3) PRIMARY CONTACT(person to answer questions regarding this application). Name Patricia Varney Title Finance Director Telephone 954-924-3620 FAX 954-923-2604 Email yarnev2cci.dania-beach fl us Employer —City of Dania Beach Mailing Address 100 West Dania Beach Blvd. Dania Beach, FL 33004 (4) ADDITIONAL CONTACTS. If more than one additional person is to receive copies of Department correspondence, attach the information (Attachment#1). Name Frederick Bloetscher, Ph.D., P.E. Title President Telephone 239-250-2423 FAX 954-925-2692 Email h20 manpabellsouth.net Employer Public Utilities Management and Planning Services, Inc. Mailing Address P.O. Box 221890 Hollywood, FL 33022 Physical Address: 15 SW 5"St Dania Beach, FL 33004 (5) PROJECT NUMBER (listed on the Department's priority list). WW79104 40 Form 62-503.900(2) Page 1 of 11 Effective Date 7-29-04 (6) CAPITALIZATION GRANT PROJECT REQUIREMENTS. An Applicant may have to comply with certain Federal requirements for loans from funds that, in aggregate, are equivalent to the amount of the federal grant awarded to the Department to partially capitalize the State Revolving Fund. Please check with the Department to determine if the project is subject to such requirements. Is this project subject to special federal requirements? ❑ Yes ® No If this project is subject to special federal requirements complete an EPA Preaward Compliance Review Report and attach in Part V,List of Attachments. (Attachment (7) FINANCIAL HARDSHIP. To qualify for a financial hardship loan the affordability index of a small community to be served by the project shall be less than 100. A small community is a municipality or unincorporated community with a total service area population of 20,000 or less as of the most recent decennial census. Please check with the Department to determine if the project qualifies for a financial hardship loan. Does the loan qualify for financial hardship consideration? ❑ Yes ® No (8) DIRECT AND LEVERAGED LOANS. A local government project sponsor that receives a loan from proceeds of bonds issued by the Florida Water Pollution Control Financing Corporation will be subject to certain limitations resulting from the tax exempt status of such bonds. Please check with the Department to determine if the loan is subject to such limitations. Is this loan subject to the special leveraged loan limitations? ❑ Yes ® No PART II—PROJECT INFORMATION If you are applying for a loan to plan and design a project that will involve construction, complete only Subpart A below. If you are applying for a loan to construct a project that is already planned and designed, complete only Subpart B below. A. PRECONSTRUCTION PROJECT Information should be provided for each separate facility to be planned and designed as appropriate. For design/build projects or those where multiple facilities, segments, or phases are involved, please attach information for activities, schedule, and cost for each. (Attachment#see Facilities Plan submitted previousIy) (1) ACTIVITIES. Attach a brief description of the scope of planning and design activities to be financed by this loan. Include a list of any specialized studies to be performed. (Attachment#2) Are these activities the same as those scheduled on Request for Inclusion Form? ® Yes ❑ No. If"N # ) o", please explain. (Attachment (2) SCHEDULE. (a) Provide proposed completion dates for the items. (Please call Department staff to discuss time frames needed to complete required tasks.) Planning documentation complete Engineering work 12/06 Certification of site availability complete Permit n/a (b) Do you anticipate that an interlocal agreement with another party will be necessary to ❑ Yes ® No implement the project? If"Yes",please explain. (Attachment# ) (c) Is this a design/build project? ❑ Yes ® No Form 62-503.900(2) Page 2 of 11 Effective Date 7-29-04 (3) COST. Is the cost infonnation submitted for the preconstruction loan priority list ® Yes ❑ No current? If "No", please explain and submit revised cost information using the appropriate page of the Request for Inclusion Form. (Attachment # ) Note that the disbursable amount will be limited to the priority list amount. PRECONSTRUCTION LOAN APPLICANTS PROCEED TO PART III. B. CONSTRUCTION PROJECT -N/A (1) ACTIVITIES. (a) Attach a brief description of construction activities to be financed by this loan. Include a list of the construction contracts (by title) corresponding to the plans and specifications accepted by the Department (Attachment#2). Are these contracts the same as those scheduled on the Request for Inclusion Form? ❑ Yes ❑ No If"No", please explain. (Attachment# ) (b) Have any of the contracts been bid? ❑ Yes ❑ No If"Yes", indicate which contracts have been bid. (Attachment# ) (c) Was the planning and design for this project financed with a preconstruction loan? ❑ Yes ❑ No If"Yes",give the preconstruction loan number. (d) Does this project involve an interlocal agreement with other local governments or other ❑ Yes ❑ No entities? If"Yes", attach a copy of the Department letter accepting the interlocal agreement. (Attachment# ) Is the interlocal agreement, as accepted by the Department, fully executed and ❑ Yes ❑ No enforceable? If"No", please explain (Attachment # ). (2) SCHEDULE. (month and year) (a) What is the estimated date for the start of construction? n/a (b) What is the estimated date for construction completion? n/a (c) What is the date for start up of the facilities? n/a (3) COST. Is the cost information submitted for the priority list current? ❑ Yes ❑ No If "No", please explain and submit revised cost information using the appropriate page of the Request for Inclusion Form. (Attachment # ) Note that the disbursable amount will be limited to the priority list amount. Form 62-503.900(2) Page 3 of]1 Effective Date 7-29-04 PART III - FINANCIAL INFORMATION Please check with the Department to establish estimates of the capitalized interest rate, project useful life for financial hardship loans, financing rate, pledged revenue coverage, limitations on annual loan amounts for large projects, applicability and amount of repayment reserves, amount of the loan service fee and any other information needed to complete this form. (1) PRINCIPAL. The requested amount of the loan, excluding capitalized interest is S350,000 Incl. bid & Contingency The estimate of the capitalized interest is SO based on a financing rate of % Note that the disbursable amount will be limited to the priority list amount and must be consistent with the project information provided under PART II of this application. Also note that the capitalized interest is an inexact estimate,and it is subject to adjustment by the Department to reflect actual disbursement timing. The principal amount of the loan does not include the loan service fee. (2) TERMS AND REPAYMENT. (a) Loans to local government project sponsors are amortized over the lesser of useful life of the project or 20 years unless the project is to serve a small community qualifying as having a financial hardship. Loans to financial hardship communities may be amortized over the lesser of useful life of the project or 30 years. Loans to non-governmental project sponsors are amortized over the lesser of the useful of the project or 10 years. Finance charges and principal are paid semiannually. What is the useful life of the project? 20 (years) Over how many years would you like to amortize the loan? 20 (years) (b) List all revenues that are to be pledged for repayment of this loan. Water and sewer user fees. (c) Pledged revenue receipts or collections by the project sponsor must exceed the amount of the repayments due to the Department unless there are other collateral provisions. The excess revenue, or coverage, generally is 15% of each repayment. What coverage is proposed for the loan? 15% (coverage percentage) (d) Is any other financial assistance being applied to this project? ❑ Yes ® No If"Yes", please list. (Attachment # ) (3) ANNUAL FUNDING LIMIT. Large project funding (generally, loans in excess of S10 million) may be provided in increments pursuant to the initial loan agreement and subsequent amendments. Each increment shall have a separate financing rate as established in the agreement or amendment providing that increment. (4) LOAN REPAYMENT RESERVE. Subject to the Department's approval, a local government may establish a restricted or assigned reserve account, using its own funds, in an amount not less than the sum of two semiannual loan repayments in order to reduce the pledged revenue coverage requirement to as low as 1.0 times the annual debt service. Is a reserve expected to be established using local funds? ® Yes ❑ No If"Yes," describe the locally funded reserve. (Attachment #3) (5) INFORMATION ON LIENS. (a) Describe, if applicable, all debt obligations having a prior or parity lien on the revenues pledged to repay this loan. (Attachment #4) For example: City Name, Florida, Water and Sewer System Revenue Boids, Series Form 62-503.900(2) Page 4 of 11 Effective Date 7-29-04 1996, issued in the amount of S 10,000,000, pursuant to Ordinance No. 93-104, as amended and supplemented by Ordinance No. 96-156. (b) Using the Part V, Schedule of Prior and Parity Liens, provide debt service information, if applicable, on each prior and parity obligation. (c) For the listed obligations, provide a copy of the ordinance(s), resolution(s), official statement(s), or pages thereof, setting forth the definitions, use of proceeds, debt service schedule, pledged revenues,rate covenants, provisions for issuing additional debt, provisions for bond insurance, and debt rating. (Attachment#4). (d) Describe any other notes and loans payable from the revenues pledged to repay this loan. (Attachment #4). (6) ACTUAL AND PROJECTED REVENUES. (a) Complete the Part V, Schedule of Actual Revenues and Debt Coverage for the past two fiscal years. (b) Complete the Part.V, Schedule of Projected Revenues and Debt Coverage, demonstrating the availability of pledged revenues for loan repayment. (7) AVAILABILITY OF PLEDGED REVENUES. All sources must be supported by a written legal opinion. (Attachment #S) The opinion must address the following: (a) Availability of the revenues to repay the loan. (b) Right to increase rates at which revenues shall be collected to repay the loan. (c) Subordination of the pledge if pledged revenues are subject to a prior or parity lien. (8) LOAN SERVICE FEE. A loan service fee is assessed on each loan. The fee is not part of the loan. The fee along with interest thereon will be deducted from the first available repayments after the final amendment to the loan agreement. PART IV-AUTHORIZATION AND ASSURANCES (1) AUTHORIZATION. Provide an authorizing resolution of the Applicant's governing body or other evidence of authorization (Attachment #6) for the following: (a) Pledging revenues to repay the loan. (b) Designation of the Authorized Representative(s) to file this application, provide assurances, execute the loan agreement, and represent the Applicant in carrying out responsibilities (including that of requesting loan disbursements) under the loan agreement. (2) ASSURANCES. The Applicant agrees to comply with the laws, rules, regulations, policies and conditions relating to the loan for this project. Applicants should seek further information from the Bureau of Water Facilities Funding staff as to the applicability of the requirements if the necessity for the assurances are of concern. Specifically, the Applicant certifies that it has complied, as appropriate, and will comply with the following requirements, as appropriate, in undertaking the Project: (a) Assurances for capitalization grant projects. l. Complete all facilities for which funding has been provided. 2. The Archaeological and Historic Preservation Act of 1974, PL 93-291, and the National Historic Preservation Act of 1966, PL 89-665, as amended, regarding identification and protection of historic properties. 3. The Clean Air Act, 42 U.S.C. 7506(c), which requires conformance with State Air Quality Implementation Plans. 04. The Coastal Zone Management Act of 1972, PL 92-583, as amended, which requires assurance of project consistency with the approved State management program developed under this Act. Form 62-503.900(2) Page 5 of 11 Effective Date 7-29-04 5. The Endangered Species Act, 16 U.S.C. 1531, et seq., which requires that projects avoid disrupting threatened or endangered species and their habitats. 6. Executive Order 11593, Protection and Enhancement of the Cultural Environment, regarding preservation, restoration and maintenance of the historic and cultural environment. 7. Executive Order 11988, Floodplain Management, related to avoiding, to the extent possible, adverse impacts associated with floodplain occupancy, modification and development whenever there is a practicable alternative. 8. Executive Order 11990, Protection of Wetlands, related to avoiding, to the extent possible, adverse impacts associated with the destruction or modification of wetlands and avoiding support of construction in wetlands. 9. The Fish and Wildlife Coordination Act, PL 85-624, as amended, which requires that actions to control natural streams or other water bodies be undertaken to protect fish and wildlife resources and their habitats. 10. The Safe Drinking Water Act, Section 1424(e), PL 93-523, as amended, regarding protection of underground sources of drinking water. 11. The Wild and Scenic Rivers Act, PL 90-542, as amended, related to protecting components or potential components of the national wild and scenic rivers system. 12. The federal statutes relating to nondiscrimination, including: The Civil rights Act of 1964, PL 88-352, which prohibits discrimination on the basis of race, color or national origin; the Age Discrimination Act,PL 94-135, which prohibits discrimination on the basis of age; Section 13 of the Federal Water Pollution Control Act, PL 92-500, which prohibits sex discrimination; the Rehabilitation Act of 1973, PL 93-112, as amended, which prohibits discrimination on the basis of handicaps. 13. Executive Order 11246, Equal Employment Opportunity, which provides for equal opportunity for all qualified persons. 14. Executive Orders 11625 and 12138, Women's and Minority Business Enterprise, which require that small, minority, and women's business and labor surplus areas are used when possible as sources of supplies, equipment, construction and services. 15. The Coastal Barrier Resources Act, 16 U.S.C. 3501 et seq., regarding protection and conservation of the coastal barrier resources. 16. The Farmland Protection Policy Act, 7 U.S.C. 4201 et seq., regarding protection of agricultural lands from irreversible loss. 17. The Uniform Relocation and Real Property Acquisition Policies Act of 1970, PL 91-646, which provides for fair and equitable treatment of persons displaced or whose property is acquired as a result of federal or federally assisted programs. 18. The Demonstration Cities and Metropolitan Development Act of 1966, PL 89-754, as amended, which requires that projects be carried out in accordance with area wide planning activities. 19. Section 306 of the Clean Air Act, Section 508 of the Clean Water Act and Executive Order 11738, which prohibit manufacturers, firms, or other enterprises on the EPA's li in the Project. st of Violating Facilities from participating 20. Executive Order 12549, Debannent and Suspension, which prohibits any award to a party which is debarred or suspended or is otherwise excluded from,or ineligible for, participation in federal assistance programs. 21. Minority and Women's Business Enterprise participation in project work using numerical goals, established by the U.S. Environmental Protection Agency, and to be set forth in the specifications for construction and materials contracts. Form 62-503.900(2) Page 6 of 11 Effective Date 7-�9-04 (b) Assurances for other projects. 1. Chapter 161, Part I, F.S., "Beach and Shore Preservation Act" and Part III, "Coastal Zone Protection Act of 1985"which regulate coastal zone construction and all activities likely to affect the condition of the beaches or shore. 2. Chapter 163, Part II, F.S., the "Local Government Comprehensive Planning and Land Development Regulation Act"which requires units of local government to establish and implement comprehensive planning programs to control future development. 3. Chapter 186, F.S., State and Regional Planning, which requires conformance of projects with Regional Plans and the State Comprehensive Plan. 4. Chapter 253, F.S., "Emergency Archaeological Property Acquisition Act of 1988" which requires protection of archaeological properties of major statewide significance discovered during construction activities. 5. Chapter 258, Part III, F.S., which requires protection of components or potential components of the national wild and scenic rivers system. 6. Chapter 267, F.S., the "Florida Historical Resources Act"which requires identification, protection,and preservation of historic properties, archaeological and anthropological sites. 7. Chapter 287, Part I, F.S., which prohibits parties convicted of public entity crimes or discrimination from participating in State-assisted projects and which requires consideration of the utilization of Minority Business Enterprises in State-assisted projects. 8. Chapter 372, F.S., the Florida Endangered and Threatened Species Act which prohibits the killing or wounding of an endangered, threatened, or special concern species or intentionally destroying their eggs or nest. 9. Chapter 373,Part IV, F.S., Florida Water Resources Act of 1972, which requires that activities on surface waters or wetlands avoid adversely affecting: public health, safety, welfare, or property; conservation of fish and wildlife, including endangered or threatened species or their habitats;navigation or the flow of water; the fishing or recreational values or marine productivity; and significant historical and archaeological resources. 10. Chapter 380, Part I, F.S., Florida Environmental Land and Water Management Act of 1972 as it pertains to regulation of developments and implementation of land and water management policies. 11. Chapter 381, F.S.,Public Health, as it pertains to regulation of onsite wastewater systems. 12. Chapter 403, Part I,F.S.,Florida Air and Water Pollution Control which requires protection of all waters of the state. 13. Chapter 582, F.S., Soil and Water Conservation Act which requires conformance with Water Management District's regulations governing the use of land and water resources. 14. Governor's Executive Order 95-359,which requires State Clearinghouse review of project planning documentation and intergovernmental coordination. I, the undersigned Authorized Representative of the Applicant, hereby certify that all information contained herein and in the attached is true, correct, and complete to the best of my knowledge and belief. I further certify that I have been duly authorized to file the application and to provide these assurances. Signed this /,� ` Day of --�!— 2004 Authorized Representative Ivan Pato City Mana er (signature) (name o ped or printed) Form 62-503.900(2) Page 7 of 11 Effective Date 7-29-04 Attachments Form 62-503.900(2) Page 8 of 11 Effective Date 7-29-04 PART V-SUPPLEMENTARY INFORMATION SCHEDULE OF PRIOR AND PARITY LIENS (EXCLUDING SRF LOANS) List annual debt service beginning two years before the anticipated loan agreement date and continuing at least three additional fiscal years. Use additional pages as necessary. #1 #2 #3 Identify Each Loan No. DW0604010 Obligation $2,317,080 Coverage 15 % % % Insured? Yes x No Yes No Yes No Total Debt Fiscal Annual Debt Service (Principal Plus Interest) Total Service Incl. Year #1 #2 #3 Debt Service Coverage 2003 $ $ $ $ $ 2004 $ $ $ $ $ 2005 $ $ $ $ $ 2006 $ $ $ $ 2007 $180,297 $ $ $ $180,297 2008 $180,297 $ $ $ $180,297 2009 $180,297 $ $ $ $180,297 2010 $180,297 $ $ $ $180,297 02011 $180,297 $ $ $ $180,297 2012 $180,297 $ $180 297 2013 $180,297 $ $ $ $180.297 2014 $180,297 $ $ $ $180,297 2015 $180,297 $ $ $ $180,297 2016 $180,297 $ $ $ $180,297 2017 $180,297 $ $ $ $180,297 2018 $180,297 $ $ $ $180,297 2019 $180,297 $ $ $ $180,297 2020 $180,297 $ $ $ $180,297 2021 $180,297 $ $ $ $180,297 2022 $180,297 $ $ $ $180,297 2023 $180,297 $ $ $ $180,297 2024 $180,297 $ $ $ $180,297 2025 $180,297 $ $ $ $180,297 2027 $180,297 $ $ $ $180,2972028 $ $ $ $ $ 2029 $ $ $ $ $ 2030 $ $ $ $ $ • Form 62-�03.9Q0(2) Page 9 of 11 Effective Date 7-29-04 PART V—SUPPLEMENTARY INFORMATION SCHEDULE OF ACTUAL REVENUES AND DEBT COVERAGE (Provide information for the two fiscal years preceding the anticipated date of the SRF loan agreement.) FY 2003 FY 2004 (a) Operating Revenues (Source) 4689696 5294748 (b) Interest Income 43474 45404 (c) Other Income or Revenue (Identify) Misc 293164 480294 (d) Total Revenues 5026334 5820446 (e) Operating Expenses (excluding interest on debt,depreciation, and other non-cash items) 4717287 4014814 (f) Net Revenues [(f)=(d)—(e)] 237786 199786 (g) Debt Service (including any required coverage) 551833 2005418 (h) Attach audited annual financial report(s), or pages thereof, or other documentation necessary to support the above information. Include any notes or continents from the audit reports regarding compliance with covenants of debt obligations having a prior or parity lien on the revenues pledged for repayment of the SRF Loan. (Attachment#10 & 11) (i) Attach worksheets reconciling this page with the appropriate financial statements (for example, backing out depreciation and interest payments from operating expenses). (,Attachment#n/a) (]) If the net revenues were not sufficient to satisfy the debt service and coverage requirement,please explain what corrective action was taken. (Attachment#n/a) 4 Form 62-503.900(2) Page 10 of I I Effective Date 7-29-04 PART V—SUPPLEMENTARY INFORMATION SCHEDULE OF PROJECTED REVENUES AND DEBT COVERAGE . Begin with the fiscal year preceding first anticipated semiannual loan payment and continuing for at least three additional years. Attach a separate page for previous State Revolving Fund loans. (Attachment #9) FY 2006 FY 2007 FY 2008 FY 2009 1FY 2010 (a) Operating Revenue $5905559 $6506723 $7132766 $7786709 $1780000 (b) Interest Income 67604 24600 26200 25800 26000 (c) Other Income or Revenue (identify) Impact fees 300000 0 0 0 0 Misc 137294 145961 149514 153152 156000 (d) Total Revenues 6410457 6677284 7308480 7965661 7982000 (e) Operating Expenses(excluding 6003537 6194243 6345718 6706155 7020000 interest on debt, depreciation, and other non-cash items) (f) Net Revenues(g=e- f) 406920 483041 962762 1259506 962000 (g) Revenue (including coverage) pledged to debt service, excluding SRF loans 12056 12403 0 0 0 (h) Revenue(including coverage) pledged to outstanding SRF loans 0 0 180297 180297 180297 (i) Revenue Available for this SRF Loan [(i) =(0—(g)—(h)] 394864 290341 782465 1079209 781703 (j) Identify the source of the above information and explain methods used to develop the projections(Attachment #12). Include an explanation of any revenue and expense growrth or other adjustments;for example, any rate increases,service growth, inflation adjustments,expense adjustments reflecting the cost of operating additional facilities, or other considerations. (k) For construction loans,are the above projections consistent with the accepted financial ® Yes ❑ No feasibility information? If"No",please explain. (Attachment# ) Form 62-503.900(2) Page 11 of 11 Effective Date 7-29-04 PART V—SUPPLEMENTARY INFORMATION LIST OF ATTACHINIENTS • LIST OF ATTACHMENTS. This application requires the submittal of Attachments to provide supplemental information. The application is not complete without the completed List of Attachments. Please list all attachments that you are including with this application form. Attachment Number Persons to Receive Correspondence 1 Project Description 2 Loan Reserve 3 Prior Obligations (SRF Loans) 4 Attorney's Opinion 5 Resolution Approving Loan 6 Site Certification 7 EPA Form 8 Capital Financing Plan 9 2003 Audit Statements 10 2004 Audit Statements 11 PRMG Rate Study 12 • Form 62-503.900(2) Page 12 of 11 Effective Date 7-29-04 CITY OF DANIA BEACH Agenda Item • Agenda Request Item Date of Commission Meeting: 3/14/2006 Adopt Resolution ❑X Adopt Ordinance (1st Reading) ❑ Adopt Ordinance (2nd Reading) ❑ Award Bid /RFP ❑ Presentation ❑ Continued from: �. . i' ., a$,{ y Requested Actions(ldenfity appropnate AcUonorMon)� � Y u x Approve State Revolving Fund (SRF) loan application for infiltration and inflow Phase I - manhole sealing and smoke testing contract. The City Commission previously adopted Resolution 2002-120 approving the Water, Wastewater and Stormwater Facilities Plan. The plan defines future capital infrastructure needs for the water, sewer and stormwater systems in the City and recommends improvements to each system based on current deficiencies, anticipated growth demands and compliance with federal and state environmental mandates. Infiltration and inflow is a portion of this plan.This project is the first of several phases of work and the results from same will be used for later infiltration and inflow work. Reducing infiltration and inflow will save the City money on its transfer of sewage to Hollywood. 1111K What Action Accomplishes �`:� � � � � � �� _• Approval of loan application will fund the infiltration and inflow Phase I - manhole sealing and smoke testing contract. Dept: Acct#: 402-3502-535.63-10 Amt: Fund: General: ❑ Water: ❑ Sewer: ❑X Stormwater: ❑ Grants: ❑ Capital: ❑ see attached memo. None • Loan Application Memorandum explaining item Resolution Exhibit 1 Exhibit 2 Exhibit 3 Exhibit 4 Exhibit 5 Exhibit 6 Exhibit 7 Exhibit 8 ..:�.�. .�' .�. ,ait sx-...,� .. �s3.� .�,. ,�n,.�d._ E � .,�'� "�.�sd�->.,nu,�.a..�.�� ..,,..�z.�.:;..✓,��.....:,m�..�`. c, P�.�.a _,5: s`-.. "�'�... ,. ..»�..� Submitted by Date Department Director Dominic Orlando Date 03/07/06 HR Director Date Finance Director Patricia Varney Date 03/07/06 City Attorney Thomas J. Ansbro Date 03/08/06 City Mana-ge Ivan Pato Date 03/08/06 r � a .�' .-x..: ...,, - :•:�. ,..�a ;Q> �Sa nxr�,,,,,. ,_.�.�,w' _,„..,,.;��.. .�,w,.:.�,..�`��-....t:,,...�;n�.� _��, ,�5". � &u. 5 A:-,�:��...,,-„��^;�_,��3', ,..,_�rn..,.s:� �uw✓ak'a- �......�,n'r,,��„y.-.'�'a�,��'a Commission Action: Approved: ❑ Denied: ❑ Continued to: ❑