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HomeMy WebLinkAboutResolution 3746-06-2009A Resolution NO 3746-06-2009 AUTHORIZING THE CITY MANAGER TO APPLY FOR AND ACCEPT A GRANT IN AN AMOUNT NOT TO EXCEED $5,000,000 00 FROM THE U S DEPARTMENT OF THE INTERIOR, BUREAU OF RECLAMATION, FOR CONSTRUCTION OF THE VILLAGE CREEK RECLAIMED WATER DELIVERY SYSTEM WHEREAS, the U S Department of Interior Bureau of Reclamation provides funding opportunities as part of its Challenge Grant Program for water marketing and efficiency and WHEREAS, the City of Fort Worth Texas (the City") deems it necessary to apply to the U S Department of Interior Bureau of Reclamation, for funding through a cooperative agreement grant in an amount not to exceed $5 000 000 00 for construction of the City s Village Creek Reclaimed Water Delivery System to wit, construction of a reclaimed water delivery system to create water markets and make more efficient use of existing water supplies and WHEREAS, in accordance with the rules and regulations of the Challenge Grant Program the City Council is required to adopt a resolution to accompany such application NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT 1 The City Council hereby authorizes the City Manager to apply for and accept grant funding in an amount not to exceed $5 000 000 00 for construction of the Village Creek Reclaimed Water Delivery System to wit, construction of a reclaimed water delivery system all as further described m the application for financial assistance 2 The City Manager is further specially authorized to provide the required assurances in accordance with the rules regulations and policies of the U S Department of Interior Bureau of Reclamation, Challenge Grant Program 3 That the City has secured State Revolving Fund Loan No 72275 from the Texas Water Development Board of which $16 084 152 has been allocated to the funding of the Village Creek Reclaimed Water Delivery System ORT vV '~ RESOLUTION NO 3746-06 2009 4 Additional matching funds m support of the project m the amount of $1 395 932 00 will be provided through in kind contribution of salaries and through other sources of capital funding available to the City such as revenue bonds or commercial paper 5 If the application is selected for an award the City will work with the U S Department of Interior Bureau of Reclamation to meet established deadlines for entering into a cooperative agreement 6 A certified copy of this Resolution shall be attached to the application for a cooperative agreement grant herein authorized to be prepared and submitted to the U S Department of Interior Bureau of Reclamation Adopted this 9`h day of June 2009 rr? r~.tr~. ATTEST~`~ ~~! ~~~~~~ ti drt h Y ./k~ ~, J `` B - ~. ,., ~ .. y ~~ ~ Marty,.H;endrix City Secretary ~~/ 4* ORT WORT APPROVED CITY CQU~lCIL JUN 0 9 2009 Y~~~ City Secretary of the City of Fort woxth, Texas T