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HomeMy Public PortalAboutOrd 579 Energy Conservation Project Financing Agreement(PUBLISHED IN ZIE ,4 RK VALLEY NEWS ON SEPTEMBER I 7, 201 5) ORDINANCE NO. 579 AN ORDINANCE APPROVING AND AUTHORIZING THB EXECUTION OF AFINANCING AGREEMENT FOR ENERGY CONSERVATION PROJECT; ANI) AUTHORIZING ALL OTHER NBCESSARY DOCUMENTS AND ACTIONS WITH RESPECT THERETO. WHEREAS, the City of Bel Aire, Kansas (the "City") is a city of the second class, duly created, organized and existing under the Constitution and laws of the State; and WHEREAS, pursuant to an Interlocal Cooperation Agreement, certain Kansas municipalities, including the City, have joined together under the provisions of K.S.A. 12-2901 et seq. (the "Act"), to organize and create the Chisholm Creek Utility Authority ("Authority"); and WHEREAS, Authority has acquired, corrstructed, furnished and equipped a water treatment plant, a wastewater treatment plant, and associated facilities (the "Project") for the purpose of providing an economic means of long-term public water supply and wastewater collection and treatment for the mutual benefit of Authority members participating in the Project, including the City; and WHEREAS, the Authority is proceeding with certain energy conservation improvements to the Project and appurtenances thereto, including well field pump upgrades, water treatment plant chemical feed, lighting and thermostat improvements, wastewater treatment plant headwork repairs, odor/corrosion controls, plant control upgrades, effluent utilization upgrades, bypass piping, electric heat to natural gas conversion and thermostat improvements (the "Energy Conservation Project"), and the issuance of its bonds to fund all or a portion ofthe costs ofsuch Energy Conservation Project (the "series 2015 Bonds"); and WHEREAS, in connection with and in advance of the issuance of the Series 2015 Bonds, it is necessary and advisable for the City to enter into a Financing Agreement for Energy Conservation Project (the "Agreement"), with the Authority and the City of Park City, Kansas. NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF BEL AIRE, KANSAS, AS FOLLOWS: Section 1. Authorization of the Agreement. The Agreement is approved and authorized and the Mayor and the Clerk are authorized and directed to execute the Agreement on behalf of the City in a form approved by the Mayor and City Attorney. Section 2. Further Authority. The officers and officials of the City, including the Mayor and Clerk, are hereby authorized and directed to execute all documents and take such actions as they may deem necessary or advisable in order to carry out and perform the purposes of this Ordinance and the Agreement and to make ministerial alterations, changes or additions in the Agreement. Section 3. Effective Date. This Ordinance shall take effect and be in full force from and after its passage by the governing body of the City. KMC\CCUA\BEL AIRE ORDINANCE FINANCING ACREEMENT ^-^ --PASSED by the governing body of the city on September 15, 2015, and AppROVED ANDSIGNED by the Mayor. CERTIFICATB ove and foregoing is a true and correct copy of theBel Aire, Kansas, passed by the governing 6ody onin my office, and that this Ordinance hal not Leen effect as ofthis date. (SEAL) ATTEST: DATED: September 15, 2015. KMC\CCUA\BEL AIRE ORDINANCE FINANCING AGREEMENT