HomeMy WebLinkAboutR-2022-103 State Revolving Fund Loan Application for C-51 Reservoir Project RESOLUTION NO. 2022-103
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, RELATING TO THE STATE REVOLVING FUND LOAN
PROGRAM; MAKING FINDINGS; AUTHORIZING THE LOAN
APPLICATION FOR $4,600,000.00, FOR THE CITY'S PORTION OF THE
C51 RESERVOIR PROJECT; AUTHORIZING THE CITY MANAGER TO
EXECUTE THE LOAN AGREEMENT; ESTABLISHING PLEDGED
REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES;
PROVIDING FOR AUTHORITY; 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.
06123 for financing of the C51 reservoir project which is 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 above "Whereas" clauses are true and correct, and they are made
a part of and incorporated into this Resolution by this reference
Section 2. That the City of Dania Beach, Florida is authorized to apply for a loan to
fmance DEP Project No. 06123.
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 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 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 if any Section or portion of a Section of this Resolution proves to be
invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity,
force or effect of any other Section or part of this Resolution.
Section 9. That this Resolution shall become effective immediately upon its passage
and adoption.
PASSED AND ADOPTED on July 12, 2022.
ATTEST:
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THOMAS SCHNEIDER, CMC \ V,...) TAMARA JAME
CITY CLERK ti' MAYOR
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APPROVED AS TO FORM AND CORRECTNESS
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CIT ATTORNEY
2 RESOLUTION#2022-103
o 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 above "Whereas" clauses are true and correct, and they are made
a part of and incorporated into this Resolution by this reference
Section 2. That the City of Dania Beach, Florida is authorized to apply for a loan to
fmance DEP Project No. 06123.
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 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 will become a binding obligation in accordance with its terms