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HomeMy WebLinkAboutRES NO 125-96(1)A RESOLUTION AMENDING RESOLUTION NO. 125-96 INCREASING THE DOLLAR AMOUNT AUTHORIZED FOR A STATE REVOLVING FUND LOAN TO UPGRADE AND EXPAND WASTEWATER TREATMENT PLANT NO. 2 WHEREAS, on November 6, 1996 the City Council of the City of Bakersfield authorized application for a State Water Resources Control Board Revolving Fund loan in an amount not to exceed Ten Million Dollars ($10,000,000); and WHEREAS, staff and City's design consultant, Boyle Engineering, have supplied information and calculations to the State Water Resources staff justifying loan eligibility in excess of FIFTEEN Million Dollars ($15,000,000); and WHEREAS, it is in the City's financial interest to obtain maximum State Revolving Fund participation in the Wastewater Treatment Plant No.2 upgrade and expansion; and WHEREAS, City staff has been notified by State Resources staff that a loan amount higher than TEN MILLION DOLLARS ($10,000,000) will be recommended to the State Water Resources Control Board; and WHEREAS, Paragraph 1 of Resolution No. 125-96 needs to be amended to permit a City loan application in an amount up to FIFTEEN MILLION DOLLARS ($15,000,000). NOW, THEREFORE, BE IT RESOLVED by the council of the City of Bakersfield as follows: A. Paragraph 1 of Resolution 125-96 passed and adopted November 6, 1996 is amended to read: That the Public Works Director or his/her designee is hereby authorized and directed to sign and file, for and on behalf of the City of Bakersfield, a Financial Assistance Application for a loan from the State Water Resources Control Board in the amount not to exceed FIFTEEN MILLION DOLLARS ($15,000,000) for the design and construction of Wastewater Treatment Plant No. 2 upgrade and expansion; and B. All other paragraphs of Resolution 125-96 remain unchanged. I HEREBY CERTIFY that the foregoing Resolution was passed an adopted by the Council of the City of Bakersfield at a regular meeting thereof held on ~VN ! I ~7 , by the following vote: AYES: COUNCILMEMBER DeMOND, CARSOff, SMITH,fftt~%~=I~F, ROWLES, SULLIVAN, SALVAGGIO ABSENT: COUNCILMEMBER ~ ("A~ TM D ~'~ C i,y ~L~R~ a~nc~ ~//~x~Clerk of the Council of the City of Bakersfield APPROVED: BOB PRICE ~ J MAYOR of the ~ty of Bakersfield APPROVED AS TO FORM: JUDY K. SKOUS~N Attor er./ ~NICE SCANLAN Deputy City Attorney II City of Bakersfield