Resolution 2944-14 � RESOLUTION NO. 2944-14
2 PLEDGED REVENUES AND FUND(S) RESOLUTION OF THE
BOARD OF DIRECTORS OF THE
3 SOUTH TAHOE PUBLIC UTILITY DISTRICT
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5 WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
6 Revolving Loan Fund Eesolutions regarding intent, authority and procedure;
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$ NOW, THEREFORE BE IT RESOLVED, the South Tahoe Public Utility District (the
9 "Entity") hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service Charge
10 Revenues to payment of any and ali Clean Water State Revolving Fund and/or Water
11 Recycling Funding Program Financing for Diamond Valley Ranch Recycled Water
12 Reuse Project (the "Project"). The Entity commits to collecting such revenues and
13 maintaining such fund(s) throughout the term of such financing and until the Entity has
14 satisfied its repayment obligation thereunder unless modification or change is approved
15 �n writing by the State Water Resources Control Board. So long as the financing
16 agreement(s) are outstanding, the Entity's pledge hereunder shall constitute a lien in
�7 favor of the State Water Resources Control Board on the foregoing fund(s) and
�$ revenue(s) without any further action necessary. So long as the financing agreement(s)
19 are outstanding, the Entity commits to maintaining the fund(s) and revenue(s) at levels
20 sufficient to meet its obligations under the financing agreement(s).
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22 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
23 resolution was duly and regularly adopted and passed by the Board of Directors of the
24 South Tahoe Public Utility District at a regular meeting duly held on the 3rd day of April,
25 2014, by the following vote:
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1 AYES: Cefalu, Jones, Vogelgesang, Sheehan, Schafer
2 NOES: None
3 ABSENT: None
4 Eric Schafer, Pr side of the Board
5 South Tahoe Public Utility District
ATTEST:
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Melonie Guttry, Clerk of t e Board
9 South Tahoe Public Utility District
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Resolution No.2944-14
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