HomeMy WebLinkAbout1993-07-28; Municipal Water District; 0728-03; Execute Loan Contract Water Reclamation Programz 0 6
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CARLSBAD MUNICIPAL WATER DISTRICT - AGENDA BILL
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AB # n73RL I TITLE: APPROVAL AND AUTHORIZATION TO IDEPT. HD. K2!f
MTG, 07/28/93 CMWD DEPT.
EXECUTE LOAN CONTRACT FOR WATER
RECLAMATION PROGRAM
I CITY ATTY
CITY MGR.
RECOMMENDED ACTION:
Staff is asking for Commission recommendation of approval to Board of Directors for
authorization to sign the contract for the Low Interest State Loan for construction of facilities
for Phase I of the Carlsbad Reclaimed Water Master Plan.
ITEM EXPLANATION:
Staff will be making presentation on this agreement with the State Water Resources Control
Board.
The Attached draft agenda bill further explains the contract for the low-interest state loan.
CARLSBAD MUNICIPAL WATER DISTRICT - AGENDA BILL
AB #
MTG. 7/27/93
DEPT. CMWD
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TITLE: APPROVAL AND AUTHORIZATION DEPT. HD.
C~TYATTY
CITY MGR.
TO EXECUTE LOAN CONTRACT FOR WATER RECLAMATION LOAN PROGRAM CLEAN WATER BOND LAW OF 1984
RECOMMENDED ACTION:
Adopt Resolution No. for approval and authorization to execute the Water Reclamation Loan Program Clean Water Bond Law of 1984 Loan Contract between the State Water Resources Control Board and the Carlsbad Municipal Water District.
JTEM EXPLANATION:
The Clean Water Bond Law of 1984 (Chapter 15, Division 7, Water Code) authorizes the State Water Board to enter into contracts with municipalities to provide loans for design and construction of
eligible water reclamation projects. On April 17, 1990, the Board of Directors adopted Resolution No. 653 authorizing application for water reclamation loan funds for the Encina Basin Project, Phase I. CMWD has made application for a loan for the project described as Encina Project, Phase 1, and said project has been determined by the State Water Board to be elegible for a water reclamation loan pursuant to the Clean Water Bond Law of 1984; and the State Water Board has adopted Resolution No. 91-18 authorizing loan funding of the project.
The project generally consists of construction of main pipelines and laterals, of a new pump station and conversion of a storage tank to reclaimed water reservoir, and of modifications at Meadowlark Treatment Plant for the delivery of reclaimed water to users as more particularly described in the Man Application and the Concept Letter, Exhibit B of the contract.
FISCAL IMPACT:
The reasonable cost of the eligible project, for loan purposes, is estimated to be $2,429,240. Subject to all the provisions and conditions of this contract, and subject to availability of state and
federal funds as provided in Exhibit C, Article 8.E., the State Water Board shall loan the District an amount which equals the eligible costs of the project or $2,429,240, whichever is less. Loan funds shall be disbursed in accordance with the disbursement provisions of Exhibit C of the contract. The loan interest rate shall be 2.9 percent per annum. Interest on any loan funds disbursed shall begin to accrue as of the date of each disbursement. The loan will be eventually paid back from the proceeds of the sale of reclaimed water.
EXHIBITS:
1. Resolution No. for approval and authorization to execute
the Water Reclamation Loan Program Clean Water Bond Law of 1984
Loan Contract between The State Water Resources Control Board
and Carlsbad Municipal Water District.
2. Loan Contract documents between The State Water Resourses
Control Board and Carlsbad Municipal Water District.
CMWD 90-301
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RESOLUTION NO.
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD MUNICIPAL WATER DISTRICT OF CARLSBAD,
CALIFORNIA FOR APPROVAL AND AUTHORIZATION TO
EXECUTE THE WATER RECLAMATION LOAN PROGRAM
CLEAN WATER BOND LAW OF 1984 LOAN CONTRACT BETWEEN THE STATE WATER RESOURCES CONTROL
WHEREAS, on April 19, 1990, Board of Directors adopted
Resolution No. 653 authorizing application for water reclamation
loan funds for the Encina Basin Project, Phase I to The State Water
Resources Control Board and the said project has been determined by
the State Water Board to be eligible for a water reclamation loan
pursuant to the Clean Water Bond Law of 1984; and the State Water
Board has adopted Resolution No. 91-18 authorizing loan funding of
the project; and
WHEREAS, that the Loan Contract between the State Water
Resources Control Board and the Carlsbad Municipal Water District
in the amount estimated to be $2,429,240 for the design and
construction of the project described as the Endna Basin Project,
Phase I, has been presented to the Board of Directors for approval
and authorization to execute the loan contract; and
WHEREAS, that the General Manager be authorized to
execute the loan contract for this project for and on behalf of the
Carlsbad Municipal Water District.
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. That the above recitations are true and correct.
2. That the Loan Contract between the State Water
Resources Control Board and the Carlsbad Municipal Water District
in the amount estimated to be $2,429,420 for the design and
construction of the project described as the Encina Basin Project,
Phase I, be approved and authorized to execute.
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3. That the General Manager is hereby authorized to
execute the loan contract for this project for and on behalf of the
Carlsbad Municipal Water District.
PASSED, APPROVED AND ADOPTED by the Board of Directors of
Carlsbad Municipal Water District at its regular meeting held on
the day of , 1993, by the following vote, to
wit:
AYES:
NOES :
ABSENT:
CLAUDE A. LEWIS, President
ATTEST:
ALETHA L. RAUTENKRANTZ, Secretary
(SEAL)
CMWD 90-301
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