HomeMy WebLinkAbout6203_CCv0001.pdf RESOLUTION NO. 6203
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS
TO DESIGNATE AN AUTHORIZED REPRESENTATIVE FOR THE SAFE
DRINKING WATER STATE REVOLVING FUND LOAN, TO AUTHORIZE
EXECUTION OF THE NOTICE OF APPLICATION ACCEPTANCE, AND
ASSOCIATED ACTIONS, AND TO AUTHORIZE THE MAYOR TO
EXECUTE THE FINAL LOAN AGREEMENT
WHEREAS, the City of Redlands has previously filed an application with the
California Department of Health Services for a Safe Drinking Water State Revolving
Fund Loan, and
WHEREAS, the City of Redlands has completed planning and design processes
for improvements to the Henry Tate Water Treatment Plant in order to meet the
requirements of the United States Environmental Protection Agency Interim Enhanced
Surface Water Treatment Rule, and
WHEREAS, it is in the best interests of Redlands' citizens to ensure that the
highest quality of water is reasonably available for domestic use, and
WHEREAS, the City is required to undertake certain actions in order to secure a
loan agreement for the Safe Drinking Water State Revolving Fund Program;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF REDLANDS AS FOLLOWS:
Section 1: The City Council authorizes the City of Redlands to enter into a
final loan agreement for the Safe Drinking Water State Revolving Fund in the amount of
$7,355,000 at an interest rate of 2.340%, and authorizes the Mayor to execute the final
loan agreement upon receipt from the State.
Section 2: The City Council designates Gary G. Phelps, Municipal Utilities
Director, as the authorized representative of the City to sign the documents pertaining to
the loan application and administration of the loan, including the Notice of Application
Acceptance, reimbursement claims, budget and expenditure summaries, contractor's
release forms, and project certifications.
Section 3: The City Council designates the City's Water Fund as the source
of repayment for the Safe Drinking Water State Revolving Fund Loan, and agrees to
increase rates if necessary to satisfy debt service over the term of the loan.
Section 4: The City Council authorizes the City Treasurer to serve as Fiscal
Agent for the Safe Drinking Water State Revolving Fund Loan in accordance with the
requirements of the Fiscal Services Agreement.
ADOPTED, SIGNED AND APPROVED this 21"`day of October, 2003
Mayor of the City of Redlands
Attest:
Deputy City Clerk, City of Redlands
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