R-73-201~J
RESOLUTIONS
RESOLUTION NO. 201
N°_ 294
WHEREAS, City of Clermont, a political subdivision of the State of Florida,
hereafter sometimes referred to as applicant, wishes to make application to the State
of Florida Department of Pollution Control for a Local Governmental Agency Loan from
the State of Florida under the provisions of 403.1835, Florida Statutes, and Chapter
17-15, Florida Administrative Code, to assist the agency in planning, designing,
and the preparation of environmental assessment studies for sewage treatment
facilities. Provided further, loans may be made for interim financing for constructing,
modifying, upgrading, and acquiring lands for sewage treatment facilities if the
Department has approved a permanent financing plan for said Local Governmental
Agencies through participation in the state pollution bond loan program pursuant
to Article VII, Section 14, Florida Constitution, or through the issuance of local
bonds, evidence of indebtedness, or other acceptable methods of repayment;
WHEREAS, This resolution is adopted for the purpose of making application
to the Department of Pollution Control for the purpose of obtaining such a loan,
Now Therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLERMONT as follows:
Section 1. This Local Agency has the legal authority to execute a loan
agreement with the Department of Pollution Control as contemplated by this resolution.
Section 2. This Local Agency will comply with all applicable regulations,
rules and guidelines of the Department of Pollution Control and such other State
Agencies, if any, which are concerned with the sewage treatment revolving loan
program of the State, and this Local Agency will furnish all information required
by the regulations and rules of the Department.
Section 3. This Local Agency has available and will pledge revenues to
meet the requirement of the enabling legislation and Florida Administrative Code.
Section 4. This Local Agency will apply and use any funds received from
the sewage treatment revolving loan for the purpose for which they are furnished
and will render such accountings of such funds as may be required by the State of
Florida and The Department of Pollution Control.
Section 5. This Local Agency will pledge sufficient revenues, funds,
or collateral, legally available from sources acceptable to the Department, to
repay the sewage treatment revolving loan, and This Local Agency will furnish to
the Department an opinion of the Local Agency's Attorney that the pledged revenues
are legally available for pledging to the repayment of this Local Agency's loan.
Section 6. The purpose or purposes for which the funds obtained from
the sewage treatment revolving loan will be used are described as follows:
CONSTRUCTION OF GRAVITY AND HIGH PRESSURE SEWER LINE IN SECTION OF THE CITY OF
CLERMONT, RECENTLY ANNEXED.
Construction plans have been drawn up by MICHAELS-STIGGINS, INC.
3025 East South Street,
Orlando, Fla. 32803
Phone 305-894-5231
JOB IS READY FOR BIDDING. ESTIMATED COST $100,000.00
ACQUISITION OF LAND FOR SPRAY IRRIGATION $ 50,000.00
•
RESOLUTIONS
RESOLUTION N0. 201
N° 295
Section 7. The interest payments to be made by this Local Agency under
the agreement with the Department shall be the same as that paid on the last bonds
sold pursuant to Article VII, Section 14, Florida Constitution, or five percent (5%),
whichever is less; provided, however, interest rate during the first twelve (12)
months of any loan shall be one half of the above determined rate.
Section 8. The following revenues, funds, or collateral from the following
sources constitute the Pledged Revenues, Funds or Collateral and are pledged to
the Department of Pollution Control for repayment of all sums furnished to this
Local Agency by the Department.
FEDERAL REVENUE SHARING FUNDS
TOTAL RECEIVED FOR YEAR 1972 $50,744.00
(if the foregoing Pledged Revenues are now pledged to the payment of any other indebted-
ness then such prior pledges are set forth in this section.)
Section 9. The pledge of the pledged revenues, funds, or collateral shall
continue until all of the indebtedness and all of the payments required to be made
by this Local Agency to the Department under the terms of the loan agreement are fully
paid.
Section 10. The facts and representations made in the application hereto-
fore submitted to the Department of Pollution Control relating to the subject matter
of this Resolution are incorporated by reference in this Resolution.
Section 11. All prior resolutions relating to the subject matter of this
Resolution are amended to conform to this Resolution to the extent of any inconsistencies
with this Resolution and such prior resolutions shall remain in full force and effect
except as so amended.
Section 12. That the following officer of the Local Agency, namely:
Robert M. Hopkins, City Manager be and he is hereby authorized to represent the Local
Agency and is hereby authorized and directed to execute a local agency loan agreement
between the Department of Pollution Control and the applicant.
Section 13. This resolution shall take effect immediately.
ADOPTED this 23rd day of January, 1973.
ATTEST:
ores W. Carro ,City C erk
i~A/
Don E. Smith, Mayor