HomeMy WebLinkAbout2000-10-03; Municipal Water District; Resolution 11002
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RESOLUTION NO. 1100
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD MUNICIPAL WATER DISTRICT TO APPROVE AND AUTHORIZE AN APPLICATION FOR LOCAL MATCH (ZERO-PERCENT) INTEREST STATE REVOLVING FUND (SRF) LOAN, FOR THE ENCINA BASIN WATER RECLAMATION
PROGRAM. PHASE II PROJECT.
WHEREAS, one of the possible loan programs for the Encina Basin Water Reclamation
Program, Phase II Project is the Local Match (Zero-Percent Interest) State Revolving Fund (SRF)
Loan (the “Local Match Loan”); and
WHEREAS, the Local Match Loan has several conditions which must be met to obtain the
loan including a contribution to the State for one-sixth of the eligible project costs; to pay an
administrative fee of 0.575 percent of the eligible project cost; to establish a State match account
for the project; to provide the State Water Resources Control Board a certification with each
progress payment and; to provide copies of cancelled checks documenting payment of the state
match amount.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad
Municipal Water District of the City of Carlsbad, California, hereby agrees to the following in
return for the Local Match Loan:
1. To contribute the state match share equal to one-sixth of the eligible project costs,
in an estimated amount of $4,700,000.
2. To pay an administrative fee of up to 0.575 percent of the eligible project cost for
the administrative match amount, if requested by the State Water Resources Control Board
(SWRCB), prior to the issuance of the zero-percent interest SRF loan contract, provided that the
fee shall be waived by the SWRCB if sufficient monies to fund the administrative match are
available from other sources.
3. To establish a State match account for the project, and deposit sufficient funds, as
necessary, to make the State match payments to the contractor(s) constructing the Phase II
Project.
Ill
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II 4. To provide the SWRCB, Division of Clean Water Programs (Division) a
certification, with each progress payment request, stating that the appropriate State match
amount for the requested payment has been paid to the contractor(s) constructing the Phase II
Project.
5. To provide the Division with copies of the cancelled checks documenting payment
of the state match amount, on a quarterly basis.
6. The Carlsbad Municipal Water District hereby dedicates the Recycled Water Rate
Fund and if insufficient the Water Replacement Fund to repayment of the Local Match Loan on
the Phase II Project. This dedicated source of revenue shall remain in effect until the Local Match
Loan is fully discharged unless modification or change of such dedication is approved in writing by
the State Water Resources Control Board.
7. That a dedicated Wastewater Capital Reserve Fund shall be established for future
expansion, major repair or replacement costs with the minimum dedication of 0.5 percent per year
times the capital facilities cost of the Phase II Project for 10 years or the equivalent thereof until
the Local Match Loan is fully discharged.
PASSED, APPROVED AND ADOPTED at a special meeting of the Carlsbad Municipal
Water District held on the 3rd October day of ,200O by the following vote, to wit:
AYES: Council Members Lewis, Finnila., Nygaard and Kulchin
CERTIFICATION
I do hereby certify that the foregoing is a full, true, and correct oep@+ resolution duly
and regularly adopted at a meeting of the Carlsbad Municipal Water District Board of Directors held on October 3,200O.
ATTEST: A - /
L&f?AINE M. WO$D, Secretary (SEAL)