HomeMy WebLinkAboutR-2011-108 - Authorized Officials to Apply for a Loan for $1,400,000.00 Relating to State Revolving Fund for Construction Associated with Phase 2 of Lift Stations 4,5,8,9 & 10 RESOLUTION NO. 2011-108
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO
APPLY FOR A LOAN IN THE AMOUNT OF $1,400,000.00 RELATING TO
THE STATE REVOLVING FUND LOAN PROGRAM FOR CONSTRUCTION
ACTIVITIES ASSOCIATED WITH PHASE 2 UPGRADES OF LIFT
STATIONS 4, 5, 8, 9 AND 10; AUTHORIZING THE CITY MANAGER TO
ESTABLISH PLEDGED REVENUES FOR LOAN REPAYMENT;
DESIGNATING AN AUTHORIZED REPRESENTATIVE; PROVIDING FOR
ASSURANCES OF COMPLIANCE WITH LOAN PROGRAM
REQUIREMENTS; PROVIDING AUTHORITY FOR CITY OFFICIALS TO
EXECUTE THE LOAN AGREEMENT; 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.
791040P for financing of construction activities involved with the City Lift Stations 4, 5, 8, 9,
and 10 Rehabilitation Improvements approved in the FY-11 Capital Projects Plan which are
eligible for available state funding; and
WHEREAS, the City of Dania Beach, Florida, intends to enter into a loan agreement
with the Florida 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 and made a part
of this Resolution.
Section 2. That the City of Dania Beach, Florida is authorized to apply for a loan to
the State DEP to provide funding for the City's approved 2011 Sewer Fund, Lift Station
Rehabilitation Capital Project that is identified by the State DEP as Project No. 791040P.
Section 3. That the revenues from loan proceeds shall be recorded in the City Sewer
Fund and that pledged revenues for the repayment of the loan will be net water and sewer system
revenues after payment of debt service on the City's outstanding loan 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 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 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 September 27, 2011.
ATTEST:
LOUISE STILSON, CMC PATRICIA A. FLURY
CITY CLERK MAYOR
APPROVED AS TO FORM AND CORRECTNESS: Is
THO S J. N RO
CITY ATTORNEY
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2 RESOLUTION#2011-108