HomeMy Public PortalAbout14-8878 Drinking Water Loan Program w/DEPSponsored by: City Manager
RESOLUTION NO: 14 -8878
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF OPA- LOCKA, FLORIDA, AUTHORIZING THE
CITY MANAGER TO APPLY FOR AND ENTER INTO
LOAN AGREEMENT DW- 13033, IN THE AMOUNT OF
$6,969,069.00, WITH THE FLORIDA DEPARTMENT OF
ENVIRONMENTAL PROTECTION, RELATING TO THE
STATE REVOLVING FUND (SRF) LOAN PROGRAM FOR
DRINKING WATER FACILITIES; ESTABLISHING
PLEDGED REVENUES; PROVIDING FOR COMPLIANCE
WITH ALL LOAN CONDITIONS; PROVIDING
INCORPORATION OF RECITALS; PROVIDING FOR AN
EFFECTIVE DATE
WHEREAS, Florida law provides for loans to local government agencies to finance the
construction of water pollution control facilities; and
WHEREAS, the Florida Administrative Code requires authorization to apply for loans,
to establish pledged revenues, to designate an authorized representative, to provide assurances of
compliance with loan program requirement, and to enter into a loan agreement; and
WHEREAS, the State Revolving Fund (SRF) loan priority list designates the City of
Opa -locka Drinking Water Improvements Project No. DW -13033 Loan Number as eligible for
available funding; and
WHEREAS, the City Commission of the City Opa- locka, Florida, desires to authorize the
City Manager to be the designated and authorized representative to enter into a loan agreement
and provide all assurances and commitments required by the loan application with the Florida
Department of Environmental Protection (FDEP), for project financing of the City of Opa -locka
Drinking Water facilities through the State Revolving Fund (SRF) Program, pursuant to Florida
Statutes, 166.111, the legal authority for borrowing moneys for this project.
Resolution No. 14 -8878
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF OPA- LOCKA, FLORIDA AS, AS FOLLOWS:
Section 1. The recitals to the preamble herein are incorporated by reference.
Section 2. The City Commission of the City of Opa -locka hereby authorizes and
directs the City Manager, to enter into Loan Agreement DW- 13033, in the amount of
$6,969,069.00, which will be a binding obligation with the Florida Department of
Environmental Protection, relating to the State Revolving Fund (SRF) loan program for project
financing of Drinking Water facilities, pursuant to Florida Statutes, 166.111, the legal authority
for borrowing moneys for this project.
Section 3. The revenues pledged for the repayment of the loan are net water and
sewer revenues and there are no senior liens regarding such revenue.
Section 4. The City Manager is authorized to delegate responsibility to appropriate
City staff to carry out technical, financial and administrative activities associates with the loan
agreement.
Section 5. This resolution shall take effect immediately upon adoption
PASSED AND ADOPTED this 15th day of December, 2014.
Resolution No. 14 -8878
Attest to:
Approved as to form and legal sufficiency:
: yc
Jo na Flores Joseph S. Geller / ohn Dellagloria
Ci Clerk GREENSPOON MARDER, PA
City Attorney
Moved by: VICE MAYOR HOLMES
Seconded by: COMMISSIONER KELLEY
Commission Vote:
4 -0
Commissioner Kelley:
YES
Commissioner Pinder:
RECUSED
Commissioner Santiago:
YES
Vice -Mayor Holmes:
YES
Mayor Taylor:
YES