HomeMy WebLinkAboutR-2013-083 Amendment to Resolution 2011-082 to clarify that both City Water Fund & Sewer Fund revenues are pledged to repay SRF State Revolving Fund RESOLUTION NO. 2013-083
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AMENDING RESOLUTION NO. 2011-082, RELATING
TO A STATE REVOLVING FUND ("SRF") LOAN IN THE AMOUNT OF
$840,000.00 PREVIOUSLY APPROVED BY CITY RESOLUTION, WHICH
RESOLUTION ESTABLISHED ONLY PLEDGED SEWER REVENUES AS
MEANS FOR LOAN REPAYMENT OF INFILTRATION AND INFLOW
IMPROVEMENTS TO THE CITY SEWER SYSTEM; CLARIFYING THAT
ESTABLISHING PLEDGED REVENUES TO REPAY THE LOAN SHALL
INCLUDE BOTH WATER AND SEWER REVENUES; PROVIDING FOR
CONFLICTS; FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA
BEACH,FLORIDA:
Section 1. That the City Commission approves the amendment of Resolution No.
2011-082 to clarify that both City Water Fund and Sewer Fund revenues are being pledged to
repay the State Revolving Fund ("SRF) loan, pursuant to a loan agreement existing between the
City and the State Department of Environmental Protection for Sewer Fund Infiltration and
Inflow Improvements - Phase III Project of the City, "FDEP"Project No. 79104P.
Section 2. That the revenues pledged for the repayment of the loan are net water and
sewer system revenues, after the payment of debt service on the City's outstanding obligations as
noted in the loan application originally submitted by the City Public Services Department.
Section 3. That all resolutions or part of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 4. That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on August 13, 2013.
ATTEST:
LOUISE STILSON, `s � WAL R B. DUKE, III
CITY CLERK �o — G�� YOR
APPROVED AS TO FORM AND CORRECTNESS:
i"
THO J. AINSBRO
CITY ATTORNEY
2 RESOLUTION#2013-083