HomeMy WebLinkAboutR-10761 - Resolution authorizing the reimbursement to the state water resources control boardRESOLUTION NO. 10761 (2016 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, AUTHORIZING THE REIMBURSEMENT TO
THE STATE WATER RESOURCES CONTROL BOARD FOR THE
FINANCING OF THE WATER RESOURCE RECOVERY FACILITY
UPGRADE
WHEREAS, the City of San Luis Obispo desires to finance the cost of the construction of
the Water Resource Recovery Facility Upgrade (the "Project"); and
WHEREAS, the City of San Luis Obispo intends to finance the construction of the Project
with moneys ("Project Funds") provided by the State of California, acting by and through the State
Water Resources Control Board (State Water Board); and.
WHEREAS, the State Water Board may fund the Project Funds with proceeds from the
sale of obligations the interest upon which is excluded from gross income for federal income tax
purposes (the "Obligations"); and
WHEREAS, prior to either the issuance of the Obligations or the approval by the State
Water Board of the Project Funds the City of San Luis Obispo desires to incur certain capital
expenditures (the "Expenditures") with respect to the Project from available moneys of the City of
San Luis Obispo.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of San Luis
Obispo as follows:
SECTION 1. The Director of Utilities or her designee is hereby authorized and directed to
sign and file, for and on behalf of the City of San Luis Obispo, a Financial Assistance Application
for a financing agreement from the State Water Resources Control Board for the construction of
the Water Resources Recovery Facility (the "Project").
SECTION 2. This Authorized Representative, or her designee, is designated to provide
the assurance, certifications, and commitments required for the financial assistance application,
including executing a financial assistance agreement from the State Water Resources Control
Board and any amendments or changes thereto.
SECTION 3. The Authorized Representative or her designee, is designated to represent
the City of San Luis Obispo in carrying out the City's responsibilities under the financing
agreement, including certifying disbursement requests on behalf of the City of San Luis Obispo
and compliance with applicable state and federal laws.
R 10761
Resolution No. 10761 (2016)
Page 2
Upon motion of Council Member Christianson, seconded by Council Member Pease, and on the
following roll call vote:
AYES: Council Members Christianson, Gomez and Pease,
Vice Mayor Rivoire, and Mayor Marx
NOES: None
ABSENT: None
The foregoing resolution was adopted this 13th day of December 2016.
A L A
M or fieidi Hamra
ATTEST:
Carrie Gallagher
City Clerk
APPROVED AS TO FORM:
Y. Christine Dietrick
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City
of San Luis Obispo, California, this sf day of `�y r- , 7j -,( (-P
Q L �
Carrie Gallagher
City Clerk
R 10761