HomeMy WebLinkAboutResolution 3794-09-2009A Resolution
NO 3794-09-2009
REQUESTING FINANCIAL ASSISTANCE FROM
THE TEXAS WATER DEVELOPMENT BOARD
WHEREAS the Texas Water Development Board s mission is to provide leadership technical
services, and financial assistance to support planning, conservation and responsible development of
water for Texas, and
WHEREAS the Dunking Water State Revolving Funds provides low interest loans for public
dunking water systems and to assist communities m meeting the requirements of federal Safe Dunking
Water Act:
WHEREAS the City of Fort Worth, Texas (the `City") deems it necessary to apply to the Texas
Water Development Board for financial assistance in an amount not to exceed $64,930 000 00 for
acgmsrtion, improvements and extensions to the City's Water and Sewer System, and
WHEREAS, while the total amount of the City's request for financial assurance is greater the
Crty shall initially draw down only $40 000 000 00 necessary to fund the construction and construction
management of the Holly Water Treatment Plants Ozonation Upgrade Project which will improve
treated water quality at the North and South Holly Water Treatment Plants, 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
That the Texas Water Development Board is hereby requested to grant financial assistance m an
amount not to exceed $64,930 000 00 to the City for acquisition, improvement and extension of
the City's Water and Sewer System, all as further described m the application for financial
assistance. _.
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RESOLUTION NO 3794-09-2009
2
That the City Manager fs hereby authorized to execute and submit to the Texas Water
Development Board an application for such financial assistance; and the City Manager together
with the City's Bond Counsel, Financial Advisor and Consulting Engineers named to such
application, are hereby authorized to appear before the Texas Water Development Board in
support of such apphcatfon and project.
3
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.
4
That rt is hereby found and determined that the Crty cannot reasonably finance the proposed
project without financial assistance in the amount requested, and that the nature of the
improvements proposed to be financed necessitate an immediate and urgent consideration of this
application is requested.
5
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 29th day of September 2009
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ATTEST ~~~~ ~~~~ CITY ~QUNCIL
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Marty~Hendrix City Secretary
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