Resolution 3002-15 1 RESOLUTION NO. 3002-15
2 PLEDGED REVENUES AND FUND(s) RESOLUTION
3 BY THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
4 FOR THE AERATION BASIN 2 (Project)
5
6 WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
7 Revolving Loan Fund Resolutions regarding intent, authority and procedure;
$ THEREFORE, BE IT RESOLVED, the South Tahoe Public Utility District (the "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
11 gasin 2 Rehabilitation (the "Project"). The District commits to collecting 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
14 is approved in writing by the State Water Resources Control Board. So long as the
15 Financing Agreement(s) are outstanding, the District's pledge hereunder shall constitute
16 a lien in favor of the State Water Resources Control Board on the foregoing fund(s) and
�7 revenue(s) without any further action necessary. So long as the Financing
�$ Agreement(s) are outstanding, the District commits to maintaining the fund�s) and
19 revenue(s) at levels sufficient to meet its obligations under the Financing Agreement(s).
20 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 held on the 17th day of
23 September, 2015, by the following vote:
24 AYES: Cefalu, Jones, Vogelgesang, Sheehan, Wallace
25 NOES: None
26 ABSENT: None
27 Randy Vogelgesang, Board President
28 ATTEST:
29
30
Melonie Guttry, Clerk of tP e Board