Resolution 2995-15 1 RESOLUTION NO. 2995-15
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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g 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 Aeration
Basin 3 Rehabilitation ("Project"). The District commits to collecting such revenues and
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maintaining such fund(s) throughout the term of such financing and �ntil the District has
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satisfied its repayment obligation thereunder unless modification or change is approved
13 in writing by the State Water Resources Control Board. So long as the Financing
14 Agreement(s) are outstanding, the District's pledge hereunder shall constitute a lien in
15 favor of the State Water Resources Control Board on the foregoing fund(s) and
16 revenue(s) without any further action necessary. So long as the Financing
�7 Agreement(s) are outstanding, the District commits to maintaining the fund(s) and
�g revenue(s) at levels sufficient to meet its obligations under the Financing Agreement(s).
19 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
20 Resolution was d�ly and regularly adopted and passed by the Board of Directors of the
21 South Tahoe Public Utility District at a regular meeting duly held on the 20th Day of
22 August, 2015, by the following vote:
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24 AYES: Jones, Vogelgesang, Sheehan, Wallace
NOES: None
25 ABSENT: Cefalu
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27 Randy Vogelgesang, Board President
28 ATTEST:
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Melonie Guttry, Clerk of the oard