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HomeMy WebLinkAboutResolution 5875-01-2024 (2)A Resolution NO. 5875-01-2024 REQUESTING FINANCIAL ASSISTANCE FROM THE TEXAS WATER DEVELOPMENT BOARD IN THE AMOUNT OF $59,000,000.00 FROM THE CLEAN WATER STATE REVOLVING FUND FOR THE WATER DEPARTMENT'S VILLAGE CREEK WATER RECLAMATION FACILITY PRIMARY CLARIFIERS 1-12 REPLACEMENT AND IMPROVEMENT PROJECT WHEREAS, the Texas Water Development Board's mission includes providing leadership , technical services , and financial assistance to support planning , design , and construction for water reuse in Texas ; and 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 $59 ,000 ,000.00 for replacing and improving Primary Clarifiers 1-12 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; 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: Section 1. The Texas Water Development Board is hereby requested to grant financial assistance in an amount not to exceed $59 ,000,000.00 for replacing and improving Primary Clarifiers 1-12 at the Village Creek Water Reclamation Facility. Section 2. 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 Advisors , 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. The City Manager is further s p ecifically 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. It is hereby found and determined that the City cannot reasonab l y 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. A certified copy of this Resolution shall be attached to the application for financial assistan ce herein auth orized to be prepared and submitted to the Texas Water Development Board. Adopted this 23 r d day of January , 2024. ATTEST: Jannette S. Goodall, C ity Secretary