HomeMy WebLinkAboutReso 120-1998RESOLUTION NO. 170-98
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION DEDICATING A REVENUE SOURCE TO THE
REPAYMENT OF THE STATE REVOLVING FUND LOAN FOR
THE WATER QUALITY CONTROL PLANT EXPANSION PROJECT
NO. C-06-4614-110 AND AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE THE LOAN AGREEMENT
WHEREAS, the City of South San Francisco adopted Resolution No. 6-98 on
January 14, 1998 authorizing the City Manager to negotiate and execute a State Revolving
Fund loan in the amount not to exceed $44,000,000; and
WHEREAS, the City adopted Resolution 111-98 increasing the dedicated revenue
source to $49,500,000; and
WHEREAS, the State has requested that the Resolution providing the authority
expressed herein contain certain authorizing language.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco
that:
The City of South San Francisco hereby dedicates the following sources of revenue to the
repayment of any and all State Revolving Fund loans on Water Quality Control Plant
Expansion Project No. C-06-4614-110 connecting charges, interest revenue, sewer-plant-
related revenue from other agencies including San Bruno, Burlingame, Millbrae and the
San Francisco International Airport, and sewer service charge revenue. These dedicated
sources of revenue shall remain in effect until such loan or loans are fully discharged,
unless modification or change of such dedication is approved in writing by the State Water
Resources Control Board.
The City Manager of the City of South San Francisco or his designee is hereby authorized
and directed to sign and file, for and on behalf of the City, a Financial Assistance
Application for a loan/grant from State Water Resources Control Board in an amount not
to exceed $49,500,000 for the design and construction of the Water Quality Control Plant
Expansion Project No. C-064614-110.
The City hereby agrees and further does authorize the City Manager or his designee to
certify that the Agency has and will comply with all applicable state and federal regulatory
requirements related to any federal and state loan/grant funds received.
The City Manager of the City of South San Francisco, or his designee, is hereby
authorized to negotiate and execute a State Revolving Fund loan contract in an amount not
to exceed $49,5000,000 and any amendment' s or change orders thereto on behalf of the
City of South San Francisco. The resolution restates prior authority granted by Resolution
6-98 and 111-98.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City
Council of the City of South San Francisco at a regul ar meeting held on the 14th day of__
0ct. ,1998 by the following vote:
AYES: Councilmembers James A.
Matsumoto, John R. Penna
NOES: None
ABSTAIN: None
ABSENT: None
C:\My Documents\RESO\fundloan.res.doc
Datzman, Joseph A. Fernekes,
and Mayor Euqene R. Mullin
ATTEST:
Karyl
City Clerk