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HomeMy WebLinkAboutResolution 2006-056 N.C.S. 04/03/2006 Resolution No. 2.006-056 N.C.S. of the City of Petaluma, California ESTABLISHING A WASTEWATER CAPITAL RESERVE FUND IN ACCORDANCE WITH THE STATE WATER BOARD'S REQUIREMENTS OF THE STATE REVOLVING FUND LOAN PROGRAM WHEREAS, on August 1, 2005, the City Council awarded a contract to Kiewit Pacific Co. for the construction of the Ellis Creek Water Recycling Facility Project, Project No. C500402 ("Project"); and, WHEREAS, the project involves the construction of the Ellis Creek Water Recycling Facility; and, WHEREAS, the City has applied for aloes-interest loan through the State Water Board's ("Board") State Revolving Fund (SRF) loan program for this project; and, WHEREAS, the Board has designated this project as State Project No. C-06-4693-110; and, WHEREAS, the City Council of the City of Petaluma authorized the City Manager to apply for a State Revolving Fund (SRF) loan to fund all or a portion of the cost of expansion and improvement of the Ellis Creek Water Recycling Facility; and, WHEREAS, the State Water Board requires, as a condition of approval of the loan, the establishment of a Wastewater Capital Reserve Fund for future expansion, major repair or replacement costs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Petaluma that: 1. The above recitals are true and correct and hereby declared to be findings of the City Council of the City of Petaluma. 2, A dedicated Wastewater Capital Reserve Fund shall be created, and, 3. Said Wastewater Capital Reserve Fund shall be administered by the City of Petaluma, as required by the "Policy for Implementing the State Revolving Fund for Construction of Wastewater Treatment Facilities" adopted by the State Water Board on June 18, 1998. 4. This resolution shall become effective immediately. All portions of this resolution are severable. Should any individual components of this resolution be adjudged to be invalid and unenforceable by a body of competent jurisdiction, then the remaining resolution portions shall be and continue in full force and effect, except as to those Resolution No. 2006-0~6 N.C.S. Page 1 resolution portions that have been adjudged invalid. The City Council of the City of Petaluma hereby declares that it would have adopted this resolution and each section, subsection, clause, sentence, phrase and other portion thereof, irrespective of the fact that one or more section, subsection, clause, sentence, phrase or other portion may be held invalid or unconstitutional. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to Council of the City of Petaluma at a Regular meeting on the 3`d day of April, 2006, forni: by the following vote: ~ ,,r, (f/~~',~ UU City Attorney AYES: Vice Mayor Canevaro, Healy, Nau, O'Brien, Torliatt NOES: None - ABSENT: Mayor Glass, Harris ABSTAIN: None ATTEST: City Clerk V r Resolution No. 2006-056 N.C.S. Page 2