Resolution 2990-15 1 RESOLUTION NO. 2990-15
2 A PLEDGED REVENUES AND FUND(S) RESOLUTION
3 BY THE BOARD OF DIRECTORS
OF THE 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 Resolutions regarding intent, authority and procedure;
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$ THEREFORE BE IT RESOLVED, the South Tahoe Public Utility District ("District")
9 hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service Charge Revenues
10 to payment of any and all Clean Water State Revolving Fund Financing for Treatment
11 Plant Primary Clarifier 1 ("Project"). The District commits to coliecting such revenues
12 and maintaining such fund(s) throughout the term of such financing and until the
13 District has satisfied its repayment obligation thereunder unless modification or change
is approved in writing by the State Water Resources Control Board. So long as the
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Financing Agreement(s) are outstanding, the District's pledge hereunder shall constitute
15 a lien in favor of the State Water Resources Control Board on the foregoing fund(s) and
16 revenue(s) witho�t any further action necessary. So long as the Financing
17 Agreement(s) are outstanding, the District commits to maintaining the fund(s) and
18 revenue(s) at levels sufficient to meet its obligations under the Financing Agreement(s).
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Zp WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
2� Resolution was duly and regularly adopted and passed by the Board of Directors of the
22 South Tahoe Public Utility District at a regular meeting duly heid on the 20th day of
August, 2015, by the following vote:
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24
AYES: Jones, Vogelgesang, Sheehan, Wallace
25 NOES: None
ABSENT: Cefalu
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27
Randy Vogelgesang, Board President
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29 ATTEST:
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Melonie Guttry, Clerk of the Bo d