HomeMy WebLinkAboutResolution 4988-09-2018 A Resolution
NO. 4988-09-2018
REQUESTING FINANCIAL ASSISTANCE FROM THE TEXAS WATER
DEVELOPMENT BOARD IN THE AMOUNT OF $ 78,500,000.00 FROM THE
CLEAN WATER STATE REVOLVING FUND FOR THE WATER DEPARTMENT
WHEREAS, the Texas Water Development Board's mission is to provide
leadership, technical services and financial assistance to support planning, design, and
construction of wastewater infrastructure for Texas; a n d
WHEREAS, the Clean Water State Revolving Fund provides low interest loans for
public wastewater treatment facilities and collection systems and assists communities in
meeting the requirements of the federal Clean 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 $78,500,000.00 for a new or improved biosolids dewatering and processing
facility at the Village Creek Water Reclamation Facility; and
WHEREAS, in accordance with the rules and regulations for making such
application to the Texas Water Development Board, the City Council is required to adopt
a resolution to accompany such application; a n d
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:
Section 1. That the Texas Water Development Board is hereby requested to grant
financial assistance in an amount not to exceed $78,500,000.00 for a new or improved .
biosolids dewatering and processing facility at the Village Creek Water Reclamation
Facility.
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Section 2. That the City Manager 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 s, and
Consulting Engineers named in such application, are hereby authorized to appear before
the Texas Water Development Board in support of such application and project.
Section 3. 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.
Section 4. That it 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 necessitate an immediate
and urgent consideration of this application.
Section 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 25th day of September 2 0 18.
ATTEST: OF FORS.
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Mary J. Kayser, Ci ecretary
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