HomeMy WebLinkAboutReso 2021-004 - Authorize designated City Officials to file application for Financial Assistance for a Financial Agreement from State Water Resources Control Board to accept & expend those funds if appl granted RESOLUTION NO.2021-004
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
WHEREAS, the City of Redding (the "City) desires to apply for grant funding on behalf of the
Ricardo Avenue area to construct a public wastewater collection system (the "Project"); and
WHEREAS, the City on behalf of the residents of the Ricardo Avenue area intend 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 to
reimburse the City for the Expenditures from the proceeds of the Obligations; and
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 hereby 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; .
c
9D
c
c
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 19th day of January, 2021, and was duly adopted at said
meeting by the following vote:
AYES: COUNCIL MEMBERS: Dacquisto, Schreder,Winter,and Resner
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Mezzano
ABSTAIN: COUNCIL MEMBERS: None
t/
ERIN D. RESNER, Mayor
ATTEST: FORM APPROVAL:
PAMELA MIZE, City C W BARRY E. De , City Attorney
i