HomeMy Public PortalAbout003-2024 - Authorizing The Application for State Revolving Loan Fund and Designating Authorizing Representative RICHMOND SANITARY DISTRICT
CITY OF RICHMOND, INDIANA
RESOLUTION 3-2024
RESOLUTION AUTHORIZING THE APPLICATION FOR STATE REVOLVING
FUND (SRF) AND DESIGNATING AUTHORIZED REPRESENTATIVE
WHEREAS, The Ri±mond Sanitary District (RSD) of the City of Richmond, Indiana, (the
"Participant-)has plans for a wastewater infrastructure improvement project for the
Midwest Industrial Park and Round Barn Road Interceptor Sewer, to meet state and
federal regulations; and
WHEREAS, RSD will need to borrow funds to proceed with its work, and will need to apply
to the State Revolving Fund (SRF) loans for a grant for reduced interest rate
on its loan; and
WHEREAS, The interest rates from the SRF loans, for SRI pooled loan funds as well as
SRF fixids, are all lower than the interest rates that RSD or the City of Richmond
could obtain on the open market; and
Wf IER LAS, The application for the SRF loan and other related SRI'documents are to be signed
by Sue Miller, President of the Richmond Sanitary District Board ' of
Commissioners.
NOW, THEREFORE, BE I] RESOLVED BY Ti-IF Board of Sanitary Commissioners of the
Richmond Sanitary District of the City of Richmond that:
. Sue Miller, President of the Richmond Board of Sanitary Commissioners of the
Richmond Sanitary District, be authorized to make application for an SRF Loan
and provide the State Revolving Fund Loan Program such information, data, and
documents pertaining to the loan process as may be required, and otherwise act as
the authorized representative of the Richmond Sanitary District for the purpose S set
forth herein.
2. The Richmond Sanitary District of the City of Richmond, Indiana agrees to comply
with the Indiana Finance Authority, State of Indiana and Federal requirement as
they pertain to the SRF.
3. That two copies of the resolution he prepared and submitted as part of the
Richmond Sanitary District's Preliminary Engineering Report and application of
the SRF loan.
All of which is adopted and approved this I ''2 day; of March, 2024.
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-41-------/ , President
, tie Miller
Vice President
( Arifaii-Baksiii
Member
Greg Stiens
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ATTEST: , Recording Secretary
Denise Joh tn