HomeMy WebLinkAboutResolution 3893-06-2010A Resolution
NO 3893-06-2010
REQUESTING FINANCIAL ASSISTANCE IN THE AMOUNT OF $28,000,000
FROM THE TEXAS WATER DEVELOPMENT BOARD
Whereas on or about July 29 2008 the City of Fort Worth, Texas (the `City") deemed it
necessary to apply to the Texas Water Development Board (TWDB) for financial assistance in an
amount not to exceed $74,515 000 for acquisitions, improvements and extensions to the City's water
and sewer system, such amounts to be taken down only as needed and authorized by the City Council,
and
Whereas the City Council approved Resolution No 3639-07 2008 which authorized the City
Manager to execute and submit such application to the TWDB, and such funds were awarded, and
Whereas Resolution No 3639-07 2008 further authorized the City Manager to take down
$16 085 000 to fund the City's reclaimed water project; and
Whereas subsequently the City received financial assistance through the American Recovery
and Reinvestment Act of 2009 for the Village Creek reclaimed water delivery system, as authorized by
the City Council through Resolution No 377-08-2009 and therefore the need to take down the
$16 085 000 amount from the TWDB no longer existed, and
Whereas the City must take down any funds it wishes to utilize from the TWDB by September
2010 prior to expiration of the availability of the funds, and
Whereas the City now wishes to take down $28,000 000 to fund the construction of wastewater
collection system rehabilitation projects to help eliminate sanitary sewer overflows, and
Whereas m accordance with the rules and regulations for making such application of the Texas
Water Development Board, the City Council is required to adopt a resolution to accompany such
application, and
Whereas it is hereby officially found and determined that the meeting at which this Resolution
was considered was open to the public, and public notice of the time, place and purpose of said meeting
was given, all as required by Chapter 551 Texas Government Code.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS
ORT WOR'1-,I~
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RESOLUTION NO 3893-06-2010
That the City Manager of the City is hereby authorized to submit a request and to take down
$28,000 000 from the TWDB s financial assistance awarded pursuant to Resolution No 3639-
07 2008 and the City Manager together with the Crty's Bond Counsel, Financial Advisor and
Consulting Engineers named m such apphcahon, are hereby authorized to appear before the
TWDB m support of such request. The City will relinquish the remaining amount of the financial
assistance back to the TWDB for reallocation.
2.
That the City Manager is further specifically authorized to make the required assurances to the
Texas Water Development Board m accordance with the rules, regulations and policies of the
Texas Water Development Board.
That rt is hereby found and determined that the City cannot reasonably finance the proposed
project without financial assistance in the amount requested, and that the nature of the
improvements proposed to be financed constitute an emergency and immediate consideration of
this application is requested.
4
That a certified copy of this Resolution shall be attached to the application for financial
assistance herein authorized to be prepared and submitted to the Texas Water Development
Board.
Adopted this 15th day of June 2010
APPROVED
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Marty Heridr~x, City e
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City Secretary of the
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