R-74-246• •
RESOLUTIONS N °_ 3 7 0
RESOLUTION N0. 246
WHEREAS, City of Clermont, a political subdivision of the State of
Florida (hereinafter local governmental agency, agency or application, wishes to
make application to the State of Florida Department of Pollution Control (herein-
after Department) for a loan from the Department under Section 403.1835, Florida Statutes,
and Chapter 17-15, ._~..:.~~..:~ ~ministrative Code, to assist the applicant in planning,
designing, and the preparing of an environmental assessment study for sewage
treatment facilities; or to provide interim financing for constructing, modifying,
upgrading, and acquiring lands for sewage treatment facilities if the Department
has approved a permanent financing plan for the applicant through participation
in the state pollution bond loan program pursuant to Article V11, Section 14,
Florida Constitution, or through the issuance of local bonds, evidences of
indebtedness, or other acceptable methods of rer~ayment;
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RESOLUTIONS N _° 3 71
RESOLUTION NO. 246
WHEREAS, City of Clermont, a political subdivision of the State of
Florida (hereinafter local governmental agency, agency or applicant), wishes to
make application to the State of Florida Department of Pollution Control
(hereinafter Department) for a loan from the Department under Section 403.1835,
Florida Statutes, and Chapter 17-15, Floridalaministrative Code, to assist
the applicant in planning, designing, and the preparing of an environmental
assessment study for sewage treatment facilities; or to provide interim
financing for constructing, modifying, upgrading, and acquiring lands for sewage
treatment facilities if the Department has approved a permanent financing
plan for the applicant through participation in the state pollution bond loan
program pursuant to Article V11, Section 14, Florida Constitution, or through the
issuance of local bonds, evidences of indebtedness, or other acceptable methods
of repayment;
L1HEP,EAS, This resolution is adopted for the purpose of making applica-
tion to the Department 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. The applicant has the legal authority to exec e a loan
agreement with the Department, as contemplated by this resoluti
Section 2. The applicant will comply with all`r ations, rules ~~nd
guidelines of the Department end such other state agenci ~, if any, that are
concerned with the sewage tretment revolving loan prog m of the state, and
this applicant will furnish a 1 information required by the regulations and
rules of the Department.
Section 3. The applic t has and will ve revenue or other funds
sufficient to repay the loantin a prescribed time"period
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•
RESOLUTIONS N °_ 3 7 2
RESOLUTION N0. 246
WHEREAS, City of Clermont, a political subdivision of the State of Florida
(hereinafter local governmental agency, agency or applicant), wishes to make
application to the State of Florida Department of Pollution Control (hereinafter
Department) for a loan from the Department under Section 403.1835, Florida
Statutes, and Chapter 17-15, Florida Administrative Code, to assist the appli-
cant in planning, designing, and the preparing of an environmental assessment
study for sewage treatment facilities; or to provide interim financing for con-
structing, modifying, upgrading, and acquiring lands for sewage treatment
facilities if the Department has approved a permanent financing plan for the
applicant through participation in the state pollution bond loan program pur-
suant to Article VII, Section 14, Florida Constitution, or through the issuance
of local bonds, evidences of indebtedness, or other acceptable methods of
repayment;
WHEREAS, This resolution is adopted for the purpose of making application
to the Department 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. The applicant has the legal authority to execute a loan
agreement with the Department, as contemplated by this resolution.
Section 2. The applicant will comply with all regulations, rules and
guidelines of the Department and such other state agencies, if any, that are
concerned with the sewage treatment revolving loan program of the state, and
this applicant will furnish all information required by the regulations and
rules of the Department.
Section 3. The applicant has and will have revenue or other funds suffi-
cient to repay the loan in the prescribed time period, as required by Sub-
section 17-15.04(1) (c), Florida Administrative code.
Section 4. The applicant will apply and use any funds received from the
sewage treatment revolving loan for the purposes for which they are furnished
and will render such accountings of such funds as may be required by the
Department.
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`RESOLUTIONS N°_ ' -373
Section 5. The purpose or purposes for which the funds obtained from the
sewage treatment revolving loan will be used are:
Construction and related expenses of wastewater collection and
transmission system to serve Minnehaha Estates Subdivision.
Section 6. The interest payments to be made by the applicant under the
loan agreement with the Department shall be at the same rate as that paid on
the last bonds sold pursuant to Article VII, Section 14, Florida Constitution,
or five per cent (5~), whichever is less; provided, however, the interest
rate during the first twelve (12) months of any loan shall be one half of the
above determined rate.
Section 7. The facts and representations made in the application submitted
to the Department relating to the subject matter of the resolution are made a
part hereof by reference.
Section 8. All prior resolutions relating to the subject matter of this
resolution are amended to conform to this resolution to the extent of any in-
consistencies with it, and such prior resolutions shall remain in full force
and effect except as so amended.
Section 9. The following officer of the applicant, namely: Robert M.
Hopkins, City Manager, be and he is hereby authorized to represent the
applicant and is hereby authorized and directed to execute a loan agreement
with the Department on behalf of the applicant.
Section 10. This resolution shall take effect immediately.
ADOPTED this 10th day of December, 1974.
BY: ~~
Claud Smoak, Jr., Mayor
ATTEST:
Do ores W. Carro ,City Clerk