HomeMy WebLinkAboutR-2011-083 - Amended Stormwater Approved Budget for Capital Projects & Approved Submission of State Revolving Fund Loan Application for SE Project not to exceed $7,376,382.00 RESOLUTION NO. 2011-083
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AMENDING THE STORMWATER APPROVED
BUDGET FOR CAPITAL PROJECTS, APPROVING AN AMENDED
BUDGET FOR THE COMPLETE SOUTHEAST STORMWATER
IMPROVEMENT PROJECT, AND APPROVING SUBMISSION OF A STATE
REVOLVING FUND LOAN APPLICATION FOR THE SOUTHEAST
PROJECT IN AN AMOUNT NOT TO EXCEED $7,376,382.00 FOR THE
COMPLETION OF THE SOUTHEAST STORMWATER DRAINAGE
IMPROVEMENTS; MAKING FINDINGS; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE LOAN AGREEMENT; ESTABLISHING
PLEDGED REVENUES; DESIGNATING AUTHORIZED
REPRESENTATIVES; PROVIDING ASSURANCES; PROVIDING FOR
CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Commission approved total budget appropriations for various
Stormwater capital improvement projects totaling$19,897,775.00 funded almost entirely through
loan borrowings to be repaid in future years; and
WHEREAS, after discussions with the Public Services Director and City Commission,
the City Administration recommends amending and reducing the Stormwater Capital Project
appropriations and Stormwater Fund borrowings and thereby focus only on the southeast
stormwater improvement project for an amount not to exceed $7,376,382.00 in the current year;
and
WHEREAS, Florida Statutes provide for loans to local government agencies to finance
the construction of stormwater 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. SW
06120 for financing the completion of the complete southeast drainage improvement project as
approved and as amended above in the City 2010-11 approved Stormwater Fund budget which
Project is eligible for available loan 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 into this Resolution and made
a part of it by this reference.
Section 2. That the approved 2010-11 Stormwater Fund budget is amended as
follows to provide a total budget appropriation total of$7,376,382.00 for completion of the entire
southeast stormwater improvement project and deferring other stormwater capital projects as
follows:
Stormwater Fund:
Source of Funds:
Proceeds from Loans (reduction) ($12.349,998.001
Use of Funds—Capital
Southeast area stormwater improvement-increase 1,376,382.00
Western area stonnwater improvements (reduction) ( 12,000,000.00)
SW 26`h Tern stormwater improvements (reduction) ( 1,376,380.00)
Melaleuca Gardens stormwater improvements (reduction) ( 110,000.00)
Other existing infrastructure improvements (reduction) ( 240,000.00)
($12,349.998.001
Section 3. That the City of Dania Beach, Florida is authorized to apply for a loan to
provide financing for completing the southeast stormwater improvement project in its entirety
using SRF loan proceeds in an amount not to exceed $7,376,382.00 which has been identified by
the Florida Department of Environmental Protection as DEP Project No. SW 06120.
Section 4. That the revenues pledged for the repayment of the loan are net
Stormwater Fund revenues after payment of debt service on the City's Series outstanding
obligations(if any) as noted in the loan application.
Section 5. That the City Manager is designated as the authorized representative to
provide the assurances and commitments required by the loan application.
Section 6. 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
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appropriate City staff to carry out technical, financial, and administrative activities associated
with the loan agreement.
Section 7. That the legal authority for borrowing monies to construct this Project is
the Florida Statutes.
Section 8. If any clause, section, other part or application of this Resolution is held by
any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it
shall not affect the validity of the remaining portions or applications of this Resolution.
Section 9. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 10. That this Resolution shall be in full force and take effect immediately upon
its passage and adoption.
PASSED AND ADOPTED on August 9,2011.
ATTEST:
LOUISE STILSON, CMC PATRICIA A. FLURY
CITY CLERK MAYOR
APPROVED AS TO F AND CORRECTNESS: 0Q`o�pRD'S F�Rsr
THOMAS J ANSBRO
CITY ATTORNEY
TED 1�
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