Resolution 2965-14 1 RESOLUTION NO. 2965-14
2 PLEDGED REVENUES AND FUND(S) RESOLUTION
3 BY THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
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g WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
Revolving Loan Fund resolutions regarding intent, authority and procedure;
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$ NOW, THEREFORE BE IT RESOLVED, the South Tahoe Public Utility District (the
"Entity") hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service Charge
g Revenues to payment of any and all Clean Water State Revolving Fund and/or Water
Recycling Funding Program Financing for Luther Pass Pump Station Upgrades Project
10 (the "Project"). The Entity commits to collecting such revenues and maintaining such
11 fund(s) throughout the term of such financing and until the Entity has satisfied its
repayment obligation thereunder unless modification or change is approved in writing
�2 by the State Water Resources Control Board. So long as the financing agreement(s) are
outstanding, the Entity's pledge hereunder shall constitute a lien in favor of the State
13 Water Resources Control Board on the foregoing fund(s) and revenue(s) without any
14 further action necessary. So long as the financing agreement(s) are outstanding, the
Entity commits to maintaining the fund(s) and revenue(s) at levels sufficient to meet its
15 obligations under the financing agreement(s).
16 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
�7 resolution was duly and regularly adopted and passed by the Board of Directors of the
South Tahoe Public Utility District at a regular meeting duly held on the 1 bth day of
�$ October, 2014, by the following vote:
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20 AYES:
Cefalu, Jones, Vogelgesang, Schafer
21 NOES: None
22 ABSENT: Sheehan
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25 Eric Schafer, Bo rd P sident
26 ATTEST:
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29 Melonie Guttry, Clerk of e Board
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