Resolution No. 3010-16 Primary Clarifier No. 1/Aeration Basisn No. 2 1 RESOLUTION NO. 3010-16
2 A RESOLUTION BY THE BOARD OF DIRECTORS
3 OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
FOR PLEDGING REVENUES AND FUND(S) FOR THE
4 PRIMARY CLARIFIER NO. 1/AERATION BASIN NO. 2 PROJECTS
5
6 WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
7 Revolving Loan Fund Resolutions regarding intent, authority and procedure;
8 NOW, THEREFORE, BE IT RESOLVED:
9 1. South Tahoe Public Utility District (District) hereby dedicates and pledges net
10 revenues of the Sewer Enterprise Fund/Sewer Service Charge Revenues for
11 payment of any and all Clean Water State Revolving Fund and/or Water
12 Recycling Funding Program financing for Treatment Plant Primary Clarifier No. 1/
13 Aeration Basin No. 2.
14 2. The District commits to collecting such revenues and maintaining such fund(s)
15 throughout the term of such financing and until the District has satisfied its
16 repayment obligation, thereunder, unless modification or change is approved in
17 writing by the State Water Resources Control Board.
18 3. So long as the financing agreement(s) are outstanding, the District's pledge,
19 hereunder, shall constitute a lien in favor of the State Water Resources Control
20 Board on the foregoing fund(s) and revenue(s) without any further action
21 necessary.
22 4. So long as the financing agreement(s) are outstanding, the District commits to
23 maintaining the fund(s) and revenue(s) at levels sufficient to meet its obligations
24 under the financing agreement(s).
25
26
27
28
29
30
Resolution No.3010-16
Page 2
1 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
3 South Tahoe Public Utility District at a regular meeting duly held on the 17th day of
4 March, 2016, by the following vote:
5
6 AYES: Vogelgesang, Cefalu, Jones, Wallace
7 NOES: NONE
8 ABSENT: Sheehan
9
10
11
12
Randy Vogelgesang, Board President
13
ATTEST:
14
15
16
Melonie Guttry, Clerk of the Bo rd
17
18
19
20
21
22
23
24
25
26
27
28
29
30