HomeMy WebLinkAbout08.d EDB Project Quench Loan Resolution 24.25-06 EXECUTIVE SUMMARY
AGENDA ITEM:
Resolution 2024/2025-06: State Revolving Fund (SRF) Loan Resolution, Designating the
Executive Director as the Authorized Representative to execute prospective SRF Grant Funding
application documents for Project Quench.
Project Number: 3019-001
Finance Number: 20022WL
Date: January 3, 2025
BACKGROUND:
Staff requests the Board of Supervisors approve the attached Resolution No. 2024/2025-06
designating the Executive Director as the Authorized Representative to execute prospective SRF
Grant Funding application documents for Project Quench.
On November 19, 2024, the Board approved Supplemental Agreement No. 1 with Carollo
Engineers to complete a funding request for Project Quench under the Clean Water SRF Emerging
Contaminants Program. The funding through the State, if approved, would be in the form of a
100%loan forgiveness. In processing the submitted request,the State has advised that a supporting
board resolution is required to name CCUA's Authorized Representative for executing prospective
loan documents. Through Carollo, the State provided a template form, which has been modified
by our Board Counsel, Grady Williams, for this purpose.
BUDGET:
The Resolution does not have a monetary component.
RECOMMENDATION:
Staff respectfully recommends that the Board of Supervisors adopt Resolution No 2024/2025-06.
ATTACHMENTS:
Resolution 2024/2025-06
Loan Resolution
//PS (Author)
//AA(Review)
//PS (Final)
CLAY COUNTY UTILITY AUTHORITY
RESOLUTION NO. 2024/2025-06
A RESOLUTION OF CLAY COUNTY UTILITY AUTHORITY, AN
INDEPENDENT SPECIAL DISTRICT OF THE STATE OF
FLORIDA ("AUTHORITY"), RELATING TO THE STATE
REVOLVING FUND LOAN PROGRAM; MAKING FINDINGS;
AUTHORIZING THE LOAN APPLICATION; AUTHORIZING
THE LOAN AGREEMENT; ESTABLISHING PLEDGED
REVENUES; DESIGNATING AUTHORIZED
REPRESENTATIVES; PROVIDING ASSURANCES; PROVIDING
FOR CONFLICTS, SEVERABILITY,AND EFFECTIVE DATE.
WHEREAS, Florida Statutes provide for loans to local government agencies to finance
the construction of wastewater treatment facilities; and
WHEREAS, Florida Administrative Code rules require authorization to apply for loans,
to establish pledged revenues, to designate an authorized representative; to provide assurances of
compliance with loan program requirements; and to enter into a loan agreement; and
WHEREAS, the State Revolving Fund loan priority list designates Project No.
WW10022, Potable Reclaimed Water Pilot Project under Project Quench under the Clean Water
SRF Emerging Contaminants Program("Project"), as eligible for available funding; and
WHEREAS, the AUTHORITY intends to enter into a loan agreement with the
Department of Environmental Protection under the State Revolving Fund for project financing.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE AUTHORITY
AS FOLLOWS:
SECTION I. The foregoing findings are incorporated herein by reference and made a
part hereof.
SECTION II. The AUTHORITY is authorized to apply for a loan to finance the Project.
SECTION III. Loan is 100% forgiven, therefore no revenues are obligated to be pledged.
SECTION IV. The Executive Director is hereby designated as the authorized
representative of the AUTHORITY to provide the assurances and commitments required by the
loan application.
SECTION V. The Executive Director is hereby designated as the authorized
representative to execute the loan agreement which will become a binding obligation in
accordance with its terms when signed by both parties. The Executive Director is authorized to
represent the AUTHORITY in carrying out the AUTHORITY's responsibilities under the loan
CCUA Resolution No. 2024/2025-06
agreement. The Executive Director is authorized to delegate responsibility to appropriate
AUTHORITY staff to carry out technical, financial, and administrative activities associated with
the loan agreement.
SECTION VI. The legal authority for borrowing moneys to construct this Project is
Chapter 94-491, Laws of Florida, Special Acts of 1994, which created the AUTHORITY by
special act of the Legislature, and s. 189.065 and s. 166.111, Florida Statutes.
SECTION VII. All resolutions or part of Resolutions in conflict with any of the
provisions of this Resolution are hereby repealed.
SECTION VIII. If any section or portion of a section of this Resolution proves to be
invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity,
force, or effect of any other section or part of this Resolution.
SECTION IX. This Resolution shall become effective immediately upon its passage and
adoption.
PASSED and ADOPTED this Day of [month],
[year].
CLAY COUNTY UTILITY AUTHORITY,
BY ITS BOARD OF SUPERVISORS
By:
Anna Lebesch, Ed.D., Chairman
ATTEST: APPROVED AS TO FORM AND
LEGALITY:
By: By:
Janice Loudermilk, Secretary Grady H. Williams, Jr., LL.M.,
Clay County Utility Authority General Counsel
(Seal)
CCUA Resolution No. 2024/2025-06