Reso 2010-122 - Laserfiche WebLink

Home

IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2010 -122 RESOLUTION AUTHORIZING THE CITY MANAGER TO DEDICATE NET REVENUE FROM THE WATER POLLUTION CONTROL PLANT ENTERPRISE FUND TO REPAY THE STATE REVOLVING FUNDING PROGRAM FINANCING FOR THE CONSTRUCTION OF THE WATER POLLUTION CONTROL PLANT (WPCP) REHABILITATION PROJECT; PROJECT NO. 08-593-52-239, CWSRF NO. C06- 7002 -110 Recitals WHEREAS, on June 21, 2010, the City of San Leandro complied with all Proposition 218 procedures, and in so doing the City did not receive a majority protest against the proposed sewer and wastewater rate increases. Subsequently, the City Council approved an increase in wastewater and sewer rates in part to fund the costs of the Water Pollution Control Plant Rehabilitation Project, No. 08- 593 -52 -239 (the "Project "); and WHEREAS, in order to satisfy all debt and funding obligations related to the Project, the City is required to dedicate Water Pollution Control Plant Enterprise Fund net revenues toward the payment of any and all State Clean Water Revolving Fund loans and other obligations incurred by the City to be used for the construction of the Project; and WHEREAS, the City Council will commit such funds and authorize the City Manager to take all actions and execute all documents necessary to dedicate Water Pollution Control Plant Enterprise Fund net revenues towards the payment of and throughout the term of such financing unless modification or change of such dedication is approved in writing by the State Water Resources Control Board. NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: That all recitals above are true, correct and incorporated herein; and That the City Council approves the dedication of Water Pollution Control Plant Enterprise Fund net revenues towards the payment of any and all Clean Water State Revolving Fund and/or Water Recycling Funding Program financing, and that the dedicated source of net revenues shall remain in effect throughout the term of such financing unless modifications or changes of such dedication are approved in writing by the State Water Resources Control Board; and That the City Council authorizes the City Manager to execute all documents and take all actions necessary to make all approved actions effective.