HomeMy WebLinkAboutReso 66-2018 (18-328)City of South San Francisco P.O. Box 711 (City Hall,
400 Grand Avenue)
South San Francisco, CA
City Council
Resolution: RES 66 -2018
File Number: 18 -328 Enactment Number: RES 66 -2018
RESOLUTION PLEDGING THE NET REVENUE FROM THE
SEWER ENTERPRISE FUND TO PAYMENTS TO THE STATE
WATER RESOURCES CONTROL BOARD FOR LOAN
REPAYMENTS TO FINANCE THE SOUTH SAN FRANCISCO /SAN
BRUNO WATER QUALITY CONTROL PLANT WET WEATHER
AND DIGESTER IMPROVEMENT PROJECT.
WHEREAS, on March 22, 2017, the City Council approved resolution 27 -2017, authorizing submittal of
a Financial Assistance Application for a financing agreement from the State Water Resources Control
Board for South San Francisco /San Bruno Wet Weather and Digester Improvements Project and
authorizing the City Manager to certify the City's compliance with all applicable state and federal
statutory and regulatory requirements related to any financing or financial assistance received from the
State Water Resources Control Board; and
WHEREAS, pursuant to resolution 27 -2017, the City Manager executed said financing agreement with
the State Water Resources Control Board; and
WHEREAS, on June 28, 2017, the City Council approved resolution 71 -2017, establishing sewer rates
from fiscal year 2017 -18 to Fiscal Year 2021 -22 that increases sewer service charges to support Sanitary
Sewer and Treatment Plant Improvements and for payment of the corresponding State Water Resources
Control Board financing; and
WHEREAS, on June 28, 2017, the City Council approved resolution 70 -2017, adopting the Fiscal Year
2017 -18 Capital Improvement Program, including $20.64 million in Sewer Enterprise Funds projects.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco (the
"Entity ") that the City Council hereby dedicates and pledges the net revenue from the Entity's Sewer
Enterprise Fund to payment of any and all financing from the State Water Resources Control Board,
including Clean Water State Revolving Fund ( CWSRF) and/or Water Recycling Funding Program
financing for the South San Francisco / San Bruno Water Quality Control Plant Wet Weather and
Digester Improvements Project, CWSRF Project No. 8033 -110 (the "Project ").
BE IT FURTHER RESOLVED that the Entity commits to collecting such revenues and maintaining such
fund(s) throughout the term of such financing and until the Entity has satisfied its repayment obligation
thereunder unless modification or change is approved in writing by the State Water Resources Control
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File Number. 18 -328
Enactment Number., RES 66 -2018
Board. So long as the financing agreement(s) are outstanding, the Entity's pledge hereunder shall
constitute a lien in favor of the State Water Resources Control Board on the foregoing fund(s) and
revenue(s) without any further action necessary.
BE IT FURTHER RESOLVED that so long as the financing agreement(s) are outstanding, the Entity
commits to maintaining the fund(s) and revenue(s) at levels sufficient to meet its obligations under the
financing agreement(s).
At a meeting of the City Council on 4/25/2018, a motion was made by Pradeep Gupta, seconded by Mark
Addiego, that this Resolution be approved. The motion passed.
Yes: 4 Mayor Normandy, Mayor Pro Tem Matsumoto, Councilmember Gupta, and
Absent: 1
Attest
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