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R2341 R E S O L U T I O N NO. 2341 WHEREAS, the Federal Water Quality Act of 1987, 33 U.S.C. Section 1381 et seq., authorizes the Administrator of the United States Environmental Protection Agency, including its Region VII office located in the City of Kansas City, Kansas (the AEPA@), to make capitalization grants to states for deposit in state revolving funds to provide assistance for constructing publicly owned wastewater treatment facilities and publicly and privately owned drinking water treatment facilities and for certain other purposes, and WHEREAS, Section 644.122 of the Missouri Clean Water Law, Sections 644.006 through 644.141, RSMo, establishes AThe Water and Wastewater Loan Fund@ in the Treasury of the State, and WHEREAS, the State Environmental Improvement and Energy Resources Authority (the AAuthority@) is authorized pursuant to Sections 260.005 through 260.125, and Appendix B(1), RSMo, as amended, to finance, acquire, construct and equip projects (as defined in the Act) for the purpose of preventing or reducing pollution, disposing of solid waste or sewage, and to issue revenue bonds for the purpose of paying costs of such projects, and WHEREAS, by resolutions adopted by the Authority on February 23, 1988 and September 22, 1998 (the AProgram Resolutions@), the Authority has approved the development and implementation of the Missouri Leveraged State Water Pollution Control Revolving Fund Program (the AClean Water SRF Program@) in conjunction with the Missouri Department of Natural Resources (ADNR@), and WHEREAS, DNR and the Authority have presented a proposal to The Metropolitan St. Louis Sewer District (the ADistrict@) to participate in a note program (the ANote Program@) within the Clean Water SRF Program in conjunction with the construction of eligible wastewater treatment works, and in conjunction with such participation, DNR will provide certain benefits to the District. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT the District declares its intent to finance facilities under its capital improvement program as further described in Exhibit A to this Resolution (the AProject@) through the District=s participation in the Note Program of the Authority and DNR for the benefit of the District and its ratepayers. This participation is subject to those terms and conditions as are subsequently agreed to by the District in connection with its approval of applicable documentation prior to and in connection with the Authority=s issuance of notes under the Note Program. BE IT FURTHER RESOLVED that the District expects to make expenditures on and after the date of passage of this Resolution in connection with the Project. The District intends to reimburse itself for such expenditures with the proceeds made available from the Authority=s notes under Note Program documentation. The maximum principal amount of capital expenditures expected to be incurred for the Project is Seventy-five Million Dollars ($75,000,000.00), and that this Resolution will be in full force and effect from and after its adoption. The foregoing Resolution was adopted November 4, 1999.