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Resolution 2007-066 RESOLUTION NO. 2007- 66 RESOLUTION NO. CWS 2007 - 01 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS EX-OFFICIO THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT, RELATING TO THE STATE REVOLVING FUND LOAN PROGRAM; MAKING FINDINGS; AUTHORIZING THE LOAN APPLICATION; AUTHORIZING THE LOAN AGREEMENT; ESTABLISIDNG PLEDGED REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES; PROVIDING ASSURANCE AND EFFECTIVE DATE WHEREAS, Florida Statues provide for loans to local government agencies to finance the planning, design, administration and construction of drinking water facilities. The Florida Administrative Code requires authorization to apply for loans and to enter into these loan agreements; and WHEREAS, the State Revolving Fund loan priOrity list designates Project No. DWIIII040 as eligible for available funding and Collier County intends to enter into a loan agreement with the Florida Department of Environmental Protection under the State Revolving Fund for project financing. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS EX-OFFICIO THE GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT that: SECTION 1. The foregoing findings are incorporated herein by reference and made a part hereof. SECTION 2. The Board of County Commissioners of Collier County, Florida, as Ex-Officio the Governing Board of the Collier County Water-Sewer District ("District") is authorized to apply for a construction loan to finance the South County Regional Water Treatment Plant 20 MGD Wellfield Expansion project 708921. SECTION 3. The revenues pledged for the repayment of this loan are the Gross Revenues derived yearly from the operation of the Water and Sewer Systems and Development Fees, after payment of the Operation and Maintenance Expense and the satisfaction of all yearly payment obligations on account of the Senior Revenue Obligations and any senior obligations issued. SECTION 4. The Chairman of the Collier County Board of County Commissioners, as Ex- Officio the Governing Board of the Collier County Water-Sewer District, is hereby: (a) Designated to be the District's authorized representative to provide assurances and commitments required by the loan applications; and (b) Authorized to execute the loan agreements/amendments (which will become a binding obligation in accordance with its terms when signed by both parties); and (c) Authorized to represent the District in carrying out its responsibilities under the loan agreement; and is (d) Authorized to delegate responsibility to appropriate staff to carry out technical, financial, and administrative activities associated with the loan agreement. SECTION 5. The legal authority for the District borrowing moneys to construct this Project is Florida Statutes. SECTION 6. This Resolution shall become effective immediately upon its adoption. PASSED AND DULY ADOPTED by the Board of County Commissioners of Collier County, Florida, this 13,hdayof rrtA f'vc,. ,2007. ,,: \~':,' &,~. . ATJB.S.T:.....:.:'" . QWIGHT E. BROCf(, Clerk ~~*~ k- . iAt~~~.1rt9fJkCha1rmdn S . S i.qt1Jtu'fG 0.:1 1 w Approved as to form and legal sufficiency: BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA, AS EX-OFFICIO THE GOVERNING BOARD OF THE COLLIER COUNTY WATER _ SEWER DISTRICT Wh>~~ Thomas C. Palmer, ssistant County Attorney BY JA~~