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HomeMy WebLinkAboutReso 2018-019 - State Water Resources Control Board RESOLUTION NO. 2018-019 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AUTHORIZING DESIGNATED CITY OFFICIALS TO FILE AN APPLICATION FOR FINANCIAL ASSISTANCE FOR A FINANCIAL AGREEMENT FROM THE STATE WATER RESOURCES CONTROL BOARD TO ACCEPT AND EXPEND THOSE FUNDS IF THE APPLICATION IS GRANTED AND TO DEDICATE THE SOURCE OF REVENUE FOR REPAYMENT TO THE CLEAN WATER STATE REVOLVING FUND WHEREAS, the City of Redding (the "City) desires to apply for grant funding on behalf of the Wooded Acres Subdivision to construct a public wastewater collection system (the "Project"); and WHEREAS, the City on behalf of the Wooded Acres Subdivision intends to finance the planning, design, construction, and associated fees of the Project with monies (the "Project Funds") provided by the State of California, acting by and through the State Water Resources Control Board (the "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 Obligations or the approval by the State Water Board of the Project Funds, the City desires to incur certain capital expenditures (the )"Expenditures") with respect to the Project from available monies of the City; and WHEREAS, the City has determined that those monies to be advanced on and after the date hereof to pay the Expenditures are available only for a temporary period and it is necessary C to reimburse the City for the Expenditures from the proceeds of the Obligations; CF NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redding as follows: 1. The Public Works Director or Assistant Public Works Director (the "Authorized Representative" or designee) is herby authorized and directed to sign and file, for and on behalf of, the City of Redding, a Financial Assistance Application for the financing agreement from the State Water Board for the planning, design, construction, and associated fees of the Project; 2. The Authorized Representative, or his/her designee, is designated to provide the assurances, 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; 3. The Authorized representative, or his/her designee, is designated to represent the City of Redding in carrying out the City's responsibilities under the financing agreement, including certifying disbursement requests on behalf of the City of Redding and compliance with applicable state and federal laws. I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the City Council of the City of Redding on the 6th day of March, 2018, and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: McElvain, Sullivan, Weaver, Winter, & Schreder NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None STrN S DER, Mayor ATTEST: APPROVED AS TO FORM: kt(to ELA MIZ ity Clerk BARRY E. eWALT, City Attorney 44/r 52199E o 14, a 1 'I' O "P ii tiy, o BENTON y2, SACRAMENTO •• Q OLD ALTURAS SR299W 14 � 4 P�oER iE I Cyp S VIKING RFS / ,QQR r:11/ ' E. CYPRES' CITY OF HARTNELL REDDING w w C/) 0_ CC > m W 0 Q J -----\ \ N CO U N CC W 5 Q = Z U) 0 0 o �\�� o RANCHO w 5 N ON ( 0 g 0'i) ct 0 0 Y — 0 W CC EtW H- U CC Z 0 GIRVAN /O DCC 0 KNIGHTON RD REDDING E MUNICIPAL a AIRPORT 4- ‘_, M �,`1, M ADOW VIEW DR -IP� �qs cs N-- >,,s>0 4., \ e. ________----___ DERSCH RD _ WOODED AC - S NORTH ----1---------- --_____/- FEB/2018 CITY OF REDDING of %N A.,_V°z WOODED ACRES NORTH U.. ti�..� 0 PUBLIC WORKS 01("'" �'"�Q DEPARTMENT Ni;i:►�' LOCATION MAP