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.
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(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.
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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.
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Approved as to form and legal jufficiency:
for
STATE OF FLORIDA
DEPARTMENT OF ENVIRONMENTAL PROTECTION
Secretary or Designee Date
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