HomeMy WebLinkAboutReso 43-2007
RESOLUTION NO. 43-2007
CITY COUNCIL OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
RESOLUTION DEDICATING A REVENUE SOURCE, AS
REQUIRED BY THE STATE WATER RESOURCES
CONTROL BOARD, FOR REPAYMENT OF THE $9.6
MILLION STATE REVOLVING FUND LOAN (SRF) FOR
PHASE II OF THE WET WEATHER PROGRAM, AND
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE THE LOAN AGREEMENT
WHEREAS, the City desires to finance a portion of the costs of upgrades to its sewerage
collection system, referred to as Phase II of the Wet Weather Program, with a State Revolving
Fund loan provided by the State of California, acting by and through the State Water Resources
Control Board (SWRCB); and
WHEREAS, the City has adopted an ordinance imposing sewer service charges and
connection fees and now desires to dedicate monies from those charges and fees, as required by
the SWRCB, to repayment of the State Revolving Fund loan issued for the design and
construction of the identified improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that the City Council hereby orders and determines as follows:
SECTION 1. The City hereby dedicates the following sources of revenue to the
repayment of the State Revolving Fund loan utilized for the Wet Weather Program Phase II,
Project No. C-06-4278-120: sewer service charges, connection fees and interest revenue. These
dedicated sources of revenue shall remain in effect until such loan is fully discharged, unless
modification or change of such dedication is approved in writing by the SWRCB or required by
State law.
SECTION 2. The City Council hereby agrees and further does authorize the City
Manager or the City Manager's designee to certify that the City has and will comply with all
applicable state and federal regulatory requirements related to any federal and state loan funds
received.
SECTION 3. The City Manager is hereby authorized to negotiate and execute a State
Revolving Fund loan agreement and any amendment or change orders thereto on behalf of the
City, subject to review and approval as to form by the City Attorney.
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I hereby certify that the forgoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 23rd day of May
2007, by the following vote:
AYES:
Councilmembers Mark N. Addiego, Joseph A. Femekes and Karvl Matsumoto,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
SO)U)'\[\);~~
Deputy City Clerk