Resolution No. 3237-22 Pledged Revenues for Bijou Wastewater Pump Station Rehab 1 RESOLUTION NO. 3237-22
2 PLEDGED REVENUES AND FUND(S') RESOLUTION BY THE BOARD OF DIRECTORS
3 OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT (STPUD) FOR THE BIJOU WASTEWATER PUMP
STATION REHABILITATION PROJECT
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5 WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
6 Revolving Fund resolutions regarding intent, authority and procedure;
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8 NOW,THEREFORE BE IT RESOLVED, BY THE BOARD OF DIRECTORS OF THE SOUTH
9 TAHOE PUBLIC UTILITY DISTRICT (the "Entity"), AS FOLLOWS:
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11 1. The Entity hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service
Charge Net Revenues to payment of any and all Clean Water State Revolving Fund
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financing for the Bijou Wastewater Purnp Stations Rehabilitation Project, referred to as
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the "Project".
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15 2. The Bijou Wastewater Pump Station Rehabilitation Project: Entity commits to
16 collecting such revenues and maintaining such fund(s) throughout the term of such
17 financing and until the Entity has satisfied its repayment obligation thereunder unless
18 modification or change is approved in writing by the State Water Resources Control
19 Board.
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21 3. So long as the financing agreement(s) are outstanding, the Entity's pledge
hereunder shall constitute a lien in favor of the State Water Resources Control Board on
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the foregoing fund(s) and revenue(s) without any further action necessary.
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24 4. So long as the financing agreement(s) are outstanding, the Entity commits to
25 maintaining the fund(s) and revenue(s) at levels sufficient to meet its obligations under
26 the financing agreement(s).
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28 WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
29 Resolution No. 3237-22 was duly and regularly adopted and passed by the Board of
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1 Directors of the South Tahoe Public Utility District at a regular meeting held on the 15th
2 day of December, 2022, by the following vote:
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5 AYES: Haven, Romsos, Peterson, Sheehan, Exline
6 NOES: None
7 ABSENT: None
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10 Kell S ehan, Board President
11 South Tahoe Public Utility District
• • ` ATTEST:
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— I 4141its
Melonie Cuttry, Clerk of the Bo d
.15_ South Tahoe Public Utility District
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29 Resolution No.3237-22
December 15,2022
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