Resolution 2008-211
RESOLUTION NO. 2008- 211
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 PRO,GRAM; MAKING FINDINGS; AUTHORIZING THE LOAN
APPLICATION; AUTHORIZING THE LOAN AGREEMENT; ESTABLISHING
PLEDGED REVENUES; DESIGNATING AUTHORIZED REPRESENTATIVES;
PROVIDING ASSURANCE AND EFFECTIVE DATE
WHEREAS, Section 403.8532, Florida Statutes provide for loans to local government
agencies to finance the planning, design, administration and construction of drinking water
facilities. The Florida Administrative Code, Chapter 62-552 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.
DWIll1010 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 I. 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 Wells #34 and #37 and Pipeline Replacement project
701582.
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 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 Cornmissioners of Coll\lif. " ,
County, Florida, this 1;1 day of ~ 2008' " .
ATT.ESl{'.'.< 0',. BOARD OF COUNTY COMMISSIONERS
. '. COLLIER COUNTY, FLORIDA, AS
:' ....,.~.. EX-OFFICIO THE GOVERNING BOARD
~WI~T E.BWCI<. rflerk \ ( OF THE COLLIER COUNTY WATER -
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s19natul"e on 1,
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Approved as to form and legal sufficiency:
.
Jenni~[~o~:nty Attorney