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HomeMy WebLinkAboutR-2009-089 FDEP Amendment #3 Lift Station Rehabilitation RESOLUTION NO. 2009-089 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA, RELATING TO THE STATE REVOLVING FUND LOAN PROGRAM; MAKING FINDINGS; AUTHORIZING EXECUTION OF AMENDMENT#3 TO THE LOAN AGREEMENT EXISTING BETWEEN THE CITY AND THE FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION FOR CONSTRUCTION ACTIVITIES ASSOCIATED WITH THE LIFT STATION REHABILITATION/UPGRADE PROJECT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE LOAN AMENDMENT; ESTABLISHING PLEDGED REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES; PROVIDING ASSURANCES; 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. WW 79103P for financing of construction activities involved with the Lift Station Rehabilitation/Upgrade project approved in the City FY-09 Capital Improvement Plan which was previously approved for available funding; and WHEREAS, the City of Dania Beach, Florida, entered into a loan agreement and an amendment with the Department of Environmental Protection under the State Revolving Fund for project financing; and WHEREAS, this amendment adds money to the original agreement for construction and engineering; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA BEACH, FLORIDA,AS FOLLOWS: Section 1. That the foregoing findings are incorporated by reference and made a part of this Resolution. Section 2. That the City of Dania Beach, Florida is authorized to execute a loan amendment for DEP Project No. WW 79103P. 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 original loan application. Section 4. That the City Manager is designated as the authorized representative to provide the assurances and commitments required by the loan application. Section 5. That the City Manager is designated as the authorized representative to execute the loan agreement which will become a binding obligation in accordance with its terms when signed by both parties. 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 the Florida Statutes. Section 7. That all resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are repealed. 2 RESOLUTION#2009-089 Section 8. That this Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED on May 12, 2009. ANNE CASTRO MAYOR-COMMISSIONER ATTEST: �Pa°'S FiuT cirr c� � ° LOUISE STILSON, CMC , CITY CLERK APPROVED AS O AND CO SS: r THO AS O CITY ATTORNEY 3 RESOLUTION#2009-089