767-19 SRF Request for Funding WWTP Loan No. 510530

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INSTR#2019210827 OR BK 10021 PG 267 Page 1 of 2 12/12/2019 10:22 AM Rcpt:2116539 Rec:18.50 DS:0.00 IT:0.00 Nikki Alvarez-Sowles,Esq.,Pasco County Clerk&Comptroller 76-19-02 FL SRF Loan CW510530 WWTP Upgrades and Reclaimed Water Projects RESOLUTION 767-19 A RESOLUTION OF CITY OF ZEPHYRHILLS, FLORIDA, 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 ofwastewater 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.WW Loan 51053 as eligible for available funding;and WHEREAS;the City ofZephyrhills,Florida,intends to enter into a loan agreement with the Department ofEnvironmental Protection under the State Revolving Fund for project financing. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ZEPHYRHILLS,FLORIDA,AS FOLLOWS: SECTION I.The foregoing findings are incorporatedhereinbyreference and made apart hereof. SECTION II. The City ofZephyrhills,Florida,is authorized to apply for aloan to finance construction associated with the wastewater treatment plant improvement associated with WW Loan 51053. SECTION III. The revenues pledged for the repayment of the loan are net water and sewer system revenues after payment ofState Revolving Fund Loans 805020 and 805030. SECTION IV. The City Manager is hereby designated as the authorized representative to provide the assurances and commitments required by the loan application. SECTION V. Council President Kenneth M. Burgess,Jr. 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. Council President Kenneth M.Burgess, Jr. is authorized to represent the City in carrying out the City's responsibilities under the loan agreement. Council President Kenneth M. Burgess, Jr.is authorized to delegate responsibility to appropriate City 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 403.1835 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 ofany other section or part ofthis Resolution. SECTION IX. This Resolution shall become effective immediately upon its passage and adoption.