Resolution 3006-15 � RESOLUTION NO. 3006-15
2 PLEDGED REVENUES AND FUND(s) RESOLUTION
3 BY THE BOARD OF DIRECTORS OF THE
SOUTH TAHOE PUBLIC UTILITY DISTRICT
4 FOR THE TREATMENT PLANT GENERATOR UPGRADES (Project)
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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")
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hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service Charge Revenues
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to payment of any and all Clean Water State Revolving Fund Financing for Treatment
10 Plant Generator Upgrades (the "Project"). The District commits to collecting such
11 revenues and maintaining such fund(s) throughout the term of such financing and until
12 the District has satisfied its repayment obligation thereunder unless modification or
13 change is approved in writing by the State Water Resources Control Board. So long as
14 the financing agreement(s) are outstanding, the District's pledge hereunder shall
15 constitute a lien in favor of the State Water Resources Control Board on the foregoing
16 fund(s) and revenue(s) without any further action necessary. So long as the financing
17 agreement(s) are outstanding, the District commits to maintaining the fund(s) and
revenue(s) at levels sufficient to meet its obligations under the financing agreement(s).
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WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
�9 Resolution was duly and regularly adopted and passed by the Board of Directors of the
20 South Tahoe Public Utility District at a regular meeting duly held on the 5th day of
2� November, 2015, by the following vote:
22 AYES: Cefalu, Jones, Vogelgesang, Sheehan, Wallace
23 NOES: None
24 ABSENT: None
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26 Randy Vogelgesang, Board President
27 ATTEST:
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30 Melonie Guttry, Clerk of e Board