HomeMy WebLinkAboutR-2011-082 - Executed an Agreement to State Revolving Fund Loan Program; Making Findings; Authorizing the Loan Application for $840,000.00 Construction of Infiltration and Inflow Improvements RESOLUTION NO. 2011-082
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE A
LOAN AGREEMENT RELATING TO THE STATE REVOLVING FUND
LOAN PROGRAM; MAKING FINDINGS; AUTHORIZING THE LOAN
APPLICATION FOR $840,000.00 FOR CONSTRUCTION ACTIVITIES
ASSOCIATED WITH CONSTRUCTION OF INFILTRATION AND INFLOW
IMPROVEMENTS; ESTABLISHING PLEDGED REVENUES; DESIGNATING
AUTHORIZED REPRESENTATIVES; PROVIDING ASSURANCES;
PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE
DATE.
WHEREAS, Florida Statutes provide for loans to local government agencies to finance
the construction of wastewater facilities; and
WHEREAS, in Resolution #2010-204, the City Commission approved an
Administration recommendation to accelerate and add $540,000.00 of future capital loans and
capital project funding into the current fiscal year appropriation of $300,000.00 for a total
appropriation of$840,000.00 for improvements and repairs that address infiltration and inflow
into the City's sewer system; 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.
79104P for financing of construction activities involved in the infiltration and inflow Phase III
as approved in the Fiscal Year 2011 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"Whereas"clauses are incorporated into and are made a
part of this Resolution by this reference.
Section 2. That the City Manager is authorized to execute a loan agreement with the
State Department of Environmental Protection for a loan to finance Sewer Fund infiltration and
inflow-Phase III relating to capital improvements under an amendment and addition to State DEP
Project No. #79104P.
Section 3. That the revenues pledged for the repayment of the loan are net sewer
system revenues after payment of debt service on the City's outstanding obligations as noted in
the 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 loan agreement will become a binding obligation in
accordance with its terms when executed by both parties.
Section 6. The City Manager and City Attorney are authorized to make minor
revisions to such Agreement as are deemed necessary and proper for the best interests of the City.
Section 7. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 8. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on August 9, 2011.
ATTEST:
LOUISE STILSON, CMC PATRICIA A. FLUKY
CITY CLERK MAYOR
S FiasT Cj�Y
APPROVED AS TO F RM AND CORRECTNESS:1/1' _� I M -
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THO S J. ANSBRO
CITY ATTORNEY �NaoRa�°
2 RESOLUTION#2011-082