HomeMy WebLinkAboutResolution 3639-07-2008A Resolution
NO 3639-07 2008
REQUESTING FINANCIAL ASSISTANCE
IN AN AMOUNT NOT TO EXCEED $74,515,000
FROM THE TEXAS WATER DEVELOPMENT BOARD
FOR IMPROVEMENTS TO THE CITY'S WATER AND SEWER SYSTEM
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 Clean Water State Revolving Funds provides low interest loans for public
dnnkmg water systems and to assist communities m meeting the requirements of federal Safe Dnnkmg
Water Act; and
WHEREAS the City of Fort Worth, Texas, (the `City") deems rt necessary to apply to the
Texas Water Development Board for financial assistance m an amount not to exceed $74,515 000 00 for
acquisition, improvements and extensions to the City's Water and Sewer System, to wit, improvements
and extensions to the water system, and
WHEREAS, while the total amount of the City's request for financial assurance is greater the
City shall initially draw down only $16 085 000 00 necessary to fund the East Fort Worth Reclaim
Water Project which will provide reclaimed water for irrigation and other non-potable water uses and
benefit the City certain surrounding cities, the DFW International Airport and the CentrePort
Development; and
WHEREAS, the City shall request the use of the remainder of the not to exceed amount of
$74,515 000 00 at a later time and
WHEREAS, in accordance with the rules and regulations of the Texas Water Development
Board, which governs the procedures of making such application, the governing body of the City is
required to adopt a resolution to accompany such application, and
WHEREAS, rt 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
f~"~ ~ ~~~
RESOLUTION NO 3639-07 2008
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS
1
That the Texas Water Development Board is hereby requested to grant financial assistance m an
amount not to exceed $74,515 000 00 to the City for acquisition, improvement and extension of
the City's Water and Sewer System, to wit, improvements and extensions to the water system, all
as further described m the application for financial assistance.
2.
That the City Manager of the Crty is 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 m such
application, are hereby authorized to appear before the Texas Water Development Board in
support of such application and project.
3
That the Crty 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 m 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.
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.
AND IT IS SO RESOLVED
~`'~~'~' APPPOVED
Adopted thrs 29t_h days°~Jfly 2008 CITY CQUNCIL
~/ ~`:, ~ ~UL 9 2 2008
Marty Hendrix ~ ~Y
City Secretary , -~ ,,, City Secr ary of the
.. _. itv of Fort Yort~3'sxa
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