HomeMy WebLinkAboutResolution 3426-10-2006A Resolution
NO 3426 -10 -2006
RESOLUTION 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 Drinking Water State Revolving Funds provides low interest loans for public
drinking water systems and to assist communities in meeting the requirements of federal Safe Drinlang
Water Act; and
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 $49,865,000.00 for
acquisition, improvements and extensions to the City's Water and Sewer System, to wit, improvements
and extensions to the water system, and
Whereas, 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, 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, plaice 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 in an amount
not to exceed $49,865,000.00 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 in
the application for financial assistance.
2.
That the City Manager of the City 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 in such application, are hereby
authorized to a before the Texas Water Development B support of such application and
P %lit rif aL
No 3426 -10 -2006
That the City Manager is further specifically authorized to make the required assurances to the Texas
Water Development Board in accordance with the rules, regulations and policies of the Texas Water
Development Board.
4
That it is hereby found and determined that the City cannot reasonably finance the proposed protect
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.
5.
That a certified copy of this Resolution shall be attached to the application for fmancial assistance herein
authorized to be prepared and submitted to the Texas Water Development Board.
Adopted this 24th day of October , 2006
Marty- Zendrix
City Secretary �� ,{�, f'
APPROVED
CITY COUNCIL
OCT 2 4 2006
N a4� �—�
City Secretary of the
City of Fort Worth, Texas
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