HomeMy WebLinkAbout07-158
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RESOLUTION NO. 07-158
A RESOLUTION OF ST. LUCIE COUNTY, FLORIDA, SITTING
AS THE ST. LUCIE COUNTY WATER AND SEWER DISTRICT,
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 ASSURANCE;
PROVIDING FOR CONFLICTS, SEVERABILITY, AND
EFFECTIVE DATE.
WHEREAS, Florida Statues provide for loans to local government agencies to
finance the construction of water pollution control facilities; and
WHEREAS, Florida Adrninistrative 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
agreernent; and
WHEREAS, the State Revolving Fund loan priority list designates Project No.
WW726\30, St. Lucie County Water and Sewer District Treatrnent Facilities, Upgrade
and Expand NHIWWTF (the Project) as eligible for available funding; and
WHEREAS, St. Lucie County, Florida, sitting as the St. Lucie County Water and
Sewer District, 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 County
Commissioners of St. Lucie County, Florida, sitting as the St. Lucie County Water and
Sewer District, as follows:
Section 1. The foregoing findings are incorporated herein by reference and rnade
a part hereof.
Section 2. St. Lucie County, Florida, sitting as the St. Lucie County Water and
Sewer District, is authorized to apply for a loan to finance the Project.
Section 3. The revenues pledged for the repayrnent of the loan are net water and
sewer utility system revenues after payment of debt service on the Water and Sewer
District's Series 1997 Water and Sewer Systern Utility Revenue Bonds and the Series
2002 Water and Sewer Systern Utility Revenue Bonds.
Section 4. The County Administrator is hereby designated as the authorized
representative to provide the assurances and comrnitments required by the loan
application.
Section 5. The County Adrninistrator 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 County Adrninistrator is
authorized to represent the Water and Sewer District in carrying out the Water and Sewer
District's responsibilities under the loan agreernent. The County Administrator is
authorized to delegate responsibility to appropriate County staff to carry out technical,
financial, and administrative activities associated with the loan agreement.
Section 6. The legal authority for borrowing moneys to construct this Project is
Chapters 125 and 153, Florida Statutes, and other applicable laws.
Section 7. CONFLICTS. All resolutions or part of Resolutions in conflict with
any ofthe provisions ofthis Resolution are hereby repealed.
Section 8. SEVERABILITY. 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 9. EFFECTIVE DATE. This Resolution shall become effective
immediately upon its passage and adoption.
Section 10. ADOPTION. After motion and second, the vote on this Resolution
was as follows:
Chairman Chris Craft
AYE
Vice Chairman Joseph Smith
AYE
Commissioner Doug Coward
AYE
Commissioner Paula A. Lewis
AYE
Commissioner Charles Grande
AYE
PASSED AND DULY ENACTED this 1st day of May, 2007.
BOARD OF COUNTY COMMISSIONER
ST. LUCIE COUNTY, FLORIDA, SITTING
AS THE ST. LUCIE COUNTY WATER AND
SEWER DISTRICT
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APPROVED AS TO FORM AND
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