HomeMy WebLinkAbout7001_CCv0001.pdf RESOLUTION NO. 7001
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
AUTHORIZING THE MAYOR TO SIGN A FUNDING AGREEMENT AND
AMENDMENTS TO THE FUNDING AGREEMENT UNDER THE SAFE DRINKING
WATER STATE REVOLVING FUND; AUTHORIZING CITY ENGINEER TO
APPROVE CLAIMS FOR REIMBURSEMENT, TO EXECUTE THE BUDGET
EXPENDITURE SUMMARY, TO SIGN THE CONTRACTOR'S RELEASE FORM,
AND TO SIGN THE CERTIFICATION OF PROJECT COMPLETION; AND
DEDICATING REVENUE FROM WATER RATES AND FEES AS THE
DEDICATED SOURCE OF REVENUE TO REPAY SAID LOAN
WHEREAS, the City of Redlands (the "City") has the authority to construct,
operate and maintain the City of Redlands Water System; and
WHEREAS, the City desires to enhance the provision and protection of the
drinking water supplied to customers of the City of Redlands Water System; and
WHEREAS, on October 28, 2008, the City made application to the State
Department of Health Services for a $15,000,000 loan under the Safe Drinking Water
State Revolving Fund; and
WHEREAS, on October 22, 2009, the State Department of Water Resources
issued a Notice of Application Acceptance to the City committing $10,476,100 from the
Safe Drinking Water State Revolving Fund for Hinckley Water Treatment Plant Upgrade;
and
WHEREAS, on March 5, 2009, the City adopted a project budget totaling
$18,000,000; and
WHEREAS, on October 22, 2009, the Department of Health Services, through its
agent the Department of Water Resources, committed funding in the amount of
$10,476,100 under the Safe Drinking Water State Revolving Fund program; and
WHEREAS, on December 15, 2009, the City adopted Resolution 6909,
designating the Mayor as authorizing signature for funding agreement of an SRF loan and
authorized staff to approve claims for reimbursement, execute budget expenditure
summary, sign the contractor's release farm and sign the certification of project
completion and dedicated revenues from water user rates as the dedicated source of
revenue to repay SRF loan for upgrades to the Hinckley surface water treatment plant;
and
WHEREAS, the Funding Agreement under the Safe Drinking Water State
Revolving Fund will provide for a 20 year repayment period at a 2.5017 percent interest
rate; and.
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WHEREAS, prior to the Department of Water Resources issuing the Funding
Agreement, the City is required to adopt a resolution formally establishing a dedicated
source of revenue to repay the loan, authorizing the Mayor to execute the Funding
Agreement and amendments, designating City Engineer to approve claims for
reimbursement, designating City Engineer to sign the Budget and Expenditure Summary,
designating City Engineer to sign Certification of Project Completion, and designating
City Engineer to sign the Contractor's Release Form;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED, that the Mayor of
the City of Redlands is hereby authorized to sign the Safe Drinking Water State
Revolving Fund program Funding Agreement and any amendments thereto, and
BE IT FURTHER RESOLVED AND ORDERED, that City Engineer is hereby
authorized to approve Claims for Reimbursement under the Safe Drinking Water State
Revolving Fund Program; to execute the Budget and Expenditure Summary for the Safe
Drinking Water State Revolving Fund Program; to sign the Contractor's Release Form
for the Safe Drinking Water State Revolving Fund Program; and to certify the project is
complete and ready for final inspection; and
BE IT FURTHER RESOLVED AND ORDERED, that the City's Municipal
Utilities and Engineering Department hereby designates revenues from Water Rates and
Fees as the dedicated source of revenue to repay this Safe Drinking Water State
Revolving Fund loan. This dedication shall remain in full force and effect until such loan
is fully discharged, unless modification or change of such dedication is approved in
writing by the State of California, Department of Water Resources. If for any reason, said
source of revenues prove insufficient to satisfy the debt service of the Safe Drinking
Water State Revolving Fund loan, sufficient funds shall be raised through increased water
rates, user charges or assessments or any other legal means available to meet this loan
obligation and to operate and maintain the City's Project; and.
BE IT FURTHER RESOLVED AND ORDERED, that Resolution No. 6909 of
the City Council of the City of Redlands is hereby rescinded.
ADOPTED, SIGNED and APPROVED at a regular meeting of the City Council
of the City of Redlands this 19th day of October, 2010.
Mayor of the City of Redlands
ATTEST:
Sam Irwin, City Clerk
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I, Sam Irwin,City Clerk of the City of Redlands, hereby certify that the foregoing
Resolution No. 7001 was duly adopted by the City Council at a regular meeting thereof
held on the 19th day of October, 2010 by the following vote:
AYES: Councilrnembers Bean, Harrison, Gallagher, Aguilar; Mayor Gilbreath
NOES: None
ABSENT: None
ABSTAIN: None
Sam Irwin, City Jerk
City of Redlands, California
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