HomeMy WebLinkAboutResolution 5941-04-2024A Resolution
NO. 5941-04-2024
REQUESTING FINANCIAL ASSISTANCE FROM THE TEXAS WATER
DEVELOPMENT BOARD IN THE AMOUNT OF $13,270,000.00 FROM THE
DRINKING WATER STATE REVOLVING FUND FOR THE FORT WORTH
WATER UTILITY; AUTHORIZING APPLICATION AND RELATED ACTIONS;
AND MAKING CERTAIN FINDINGS
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 Drinking 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 Safe Drinking 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 $13,270,000.00 for the Fort Worth Water Utility Lead Service Line
Replacement Project; 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 $13,270,000.00 for the Fort Worth Water
Utility Lead Service Line Replacement Project.
Section 2. The City Manager is hereby authorized to execute and submit to the
Texas Water Development Board an application and other documentation as may be
required 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 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. 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. 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. `
Section G. 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.
Adopted this 23rd day of April 2024.
ATTEST:
I0
Jannette S. Goodall, City Secretary