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HomeMy Public PortalAboutSRF Amendment 2 WW460710STATE REVOLVING FUND AMENDMENT 2 TO LOAN AGREEMENT WW460710 CITY OF CRESTVIEW This amendment is executed by the STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Department) and the CITY OF CRESTVIEW, FLORIDA, (Local Government) existing as a local governmental entity under the laws of the State of Florida. Collectively, the Department and the Local Government shall be referred to as "Parties" or individually as "Party". The Department and the Local Government entered into a State Revolving Fund Loan Agreement, Number WW460710, as amended; and Loan repayment activities need rescheduling to give the Local Government additional time to complete construction; and Certain provisions of the Agreement need revision and provisions need to be added to the Agreement. The Parties hereto agree as follows: 1. Section 8.16 is added to the Agreement as follows: 8.16. PROHIBITION ON CERTAIN TELECOMMUNICATIONS AND VIDEO SURVEILLANCE SERVICES OR EQUIPMENT. The Local Government and any contractors/subcontractors are prohibited from obligating or expending any Loan or Principal Forgiveness funds to procure or obtain; extend or renew a contract to procure or obtain; or enter into a contract (or extend or renew a contract) to procure or obtain equipment, services, or systems that uses covered telecommunications equipment or services as a substantial or essential component of any system, or as critical technology as part of any system. See Section 889 of Public Law 115-232 (National Defense Authorization Act 2019). Also, see 2 CFR 200.216 and 200.471. 2. Unless repayment is further deferred by amendment of the Agreement, Semiannual Loan Payments as set forth in Section 10.05 shall be received by the Department beginning on August 15, 2025, and semiannually thereafter on February 15 and August 15 of each year until all amounts due under the Agreement have been fully paid. 3. The items scheduled under Section 10.07 of the Agreement are rescheduled as follows: (2) Completion of Project construction is scheduled for February 15, 2025. (3) Establish the Loan Debt Service Account and begin Monthly Loan Deposits no later than February 15, 2025. 1 (4) The first Semiannual Loan Payment in the amount of $132,117 shall be due August 15, 2025. 4. All other terms and provisions of the Loan Agreement shall remain in effect. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 2 This Amendment 2 to Loan Agreement WW460710 may be executed in two or more counterparts, any of which shall be regarded as an original and all of which constitute but one and the same instrument. IN WITNESS WHEREOF, the Department has caused this amendment to the Loan Agreement to be executed on its behalf by the Secretary or Designee and the Local Government has caused this amendment to be executed on its behalf by its Authorized Representative and by its affixed seal. The effective date of this amendment shall be as set forth below by the Department. for CITY OF CRESTVIEW Attest: _ j\A-4sArk, City Clerk .4%! GRESTtes. 0.7.1g A TF •.;ClZ'. �� ti e t.. '''—ANiZEO Pei` Approved as to form and legal jufficiency: for STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION Secretary or Designee Date 3