HomeMy WebLinkAboutRES 88-247 AGITEM EA
y- -He C--3
R E S 0 L U T 1 0 N
WHEREAS, the City of Beaumont, Texas, has reviewed its
wastewater needs and found that it is necessary to construct
wastewater facilities to meet those needs; and
WHEREAS, the City deems it necessary to express its
interest and commitment to seek funds from the Texas Water
Development Board' s State Water Pollution Control Revolving Fund
(SRF) in order to finance its wastewater needs; and
WHEREAS, in order to secure future financing from the
SRF, the City must make certain commitments to the Board to be
placed on the Board' s Intended Use Plan; and
WHEREAS, the City has determined that it has the
financial capability to finance projects through the SRF to meet
its wastewater needs;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
1 . That the City will take necessary actions to fund
the project designated as Sewage Treatment Plant Improvements
through a loan from the SRF from the Texas Water Development
Board;
2. That the City is hereby informing the Board of its
desire to receive financial. assistance in the amount of
$20 ,000 ,000 from the Board' s SRF within twelve (12 ) months of the
date of approval of the capitalization grant award to the Board
by the U. S. Environmental Protection Agency;
3. That the City will file an application for a loan
from the SRF within the time frame specified in Chapter 375 of
the Board' s Rules;
4. That the City will strictly adhere to the project
schedule negotiated with the Board and will meet all federal and
state requirements;
5. That a certified copy of this resolution shall be
submitted to the Board to insure that the City will be included
in the Fiscal Year 1989 Intended Use Plan
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the 74 day of 1988.
Mayor
ATTEST:
City. 'clorx' '
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