18-3031 State Revolving Fund Loan Application; Repealing Resolution 18-3022

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RESOLUTION 18-3031 A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, RELATING TO THE STATE REVOLVING FUND LOAN PROGRAM; MAKING FINDINGS; AUTHORIZING THE LOAN APPLICATION; AUTHORIZING THE LOAN AGREEMENT; ESTABLISHING PLEDGED REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES; PROVIDING ASSURANCES; REPEALING RESOLUTION 18-3022; PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE." WHEREAS, Florida Statutes provide for loans to local government agencies to finance the construction of wastewater treatment 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 Project No. DW590330 as eligible for available funding; and WHEREAS, the City of Casselberry, Florida, intends to enter into a loan agreement with the Department of Environmental Protection under the State Revolving Fund for project financing; WHEREAS, the City Commission desires to repeal Resolution 18-3022 for clarity's sake. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOWS: SECTION I. The foregoing findings are incorporated herein by reference and made a part hereof. SECTION II. The City of Casselberry, Florida, is authorized to apply for a loan to finance the Project. SECTION III. The revenues pledged for the repayment are from water and sewer system revenues after payment of debt services on the City's Water and Sewer System Revenue Bonds, Series 2011. SECTION IV. The Finance Director is hereby designated as the authorized representative to provide the assurances and commitments required by the loan application.