Resolution No. 2023-006Rdr
Cl E CITY OF CLERMONT
. RESOLUTION NO.2023-006R
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CLERMONT,
FLORIDA, EXPRESSING THE CITY'S INTENTION TO BE REIMBURSED
FROM THE PROCEEDS OF TAX-EXEMPT OBLIGATIONS FOR
CERTAIN CAPITAL EXPENDITURES TO BE PAID BY THE CITY PRIOR
TO THE ISSUANCE OF SUCH TAX-EXEMPT OBLIGATIONS; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, City of Clermont, Florida (the "City"), expects to incur capital expenditures
aggregating approximately $50,000,000 for the project described in Exhibit A hereto ("Project");
and
WHEREAS, funds for the Project will be provided on an interim basis from existing cash
resources or temporary borrowings by the City (the "Temporary Advances"); and
WHEREAS, pursuant to the budgetary and financial policies and practices of the City, the
Temporary Advances are not available to fund the Project on a long-term basis; and
WHEREAS, it is reasonably expected that the Project will be financed on a long-term
basis with the proceeds of tax-exempt obligations (the "Tax -Exempt Obligations") to be issued by
the City under applicable laws of the State of Florida; and
WHEREAS, except for any architectural, engineering and similar preliminary
expenditures, this Resolution is being adopted prior to or within 60 days after the date of the
payment of the capital expenditure to be reimbursed;
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Clermont,
Lake County, Florida:
SECTION 1.OFFICAL INTENT
The City hereby declares official intent for the purposes of Section 1.150-2 of the Treasury
Regulations, as follows: it is reasonably expected that (a) Temporary Advances for the Project will
be reimbursed, in whole or in part, from the proceeds of the Tax -Exempt Obligations; (b) the
principal amount of the Tax -Exempt Obligations will not exceed $30,000,000 for the Project
(which amount includes the capital expenditures described in Exhibit A, plus an allowance for
financing costs, reserve funds and original issue discount); (c) such reimbursement from the
proceeds of the Tax -Exempt Obligations for the Project shall occur within 18 months following
the later of (i) the date the capital expenditure to be reimbursed was paid, or (ii) the date on which
the Project is placed in service, but not later than three years after the date of such capital
expenditure for the Project; and (d) the authorization and terms of the Tax -Exempt Obligations
shall be subject and pursuant to subsequent action and approval by the City Council.
SECTION 2. EFFECTIVE DATE
This Resolution shall take effect immediately upon its adoption.
CF
ALE �, CITY OF CLERMONT
��d«o�. RESOLUTION NO.2023-006R
DONE AND RESOLVED by the Mayor of the City Council of the City of Clermont, Lake
County, Florida, this 14th day of February 2023.
CITY OF CLERMONT
Tim Murry, Mtiyor
ArITIST: `
Tracy Ackroyd Howe, MMC
City Clerk
Approved -as to Form and Legality:
Daniel F. Mantzaris, City Attorney
d'
CLERMON? CITY OF CLERMONT
7 RESOLUTION NO.2023-006R
EXHIBIT A
DESCRIPTION OF PROJECT
(Wastewater Plant Expansion Project)
The design, acquisition, construction, installation and equipping of the expansion of, and
improvements to, the wastewater treatment plant currently located at 335 Hancock Road and
owned and operated by the City (the "Project'). The scope of work of the Project includes, but is
not limited to: (i) construction of a new headworks structure that is a common wall with a flow
equalization structure; (ii) construction of a new biological nutrient removal reactor with anoxic
and aerobic compartments, mixing equipment, aeration equipment, an internal recycle channel
with a control gate, baffles, effluent weir and appurtenant piping, electrical, and control facilities;
(iii) construction of one 85-foot diameter clarifier with a spiral blade sludge collector, Stamford
baffle, scum collection and pumping system, effluent baffles and weirs, sludge pumping system,
and related piping, flow measurement, electrical, and control components; (iv) replacement of one
effluent transfer pump and related piping, valves, electrical equipment, and controls; (v)
construction of a new dual -chambered aerated sludge holding tank with coarse bubble diffused
aeration systems, blowers, decanting facilities, sludge feed pumps, and related piping, valves,
electrical equipment, and controls.
Replacement of existing RAS/WAS pumps; (vi) waste activated sludge flow metering and piping
modifications; (vii) installation of one additional reclaimed water pump and related piping, valves,
electrical equipment, and controls; (viii) paving, grading, drainage, and stormwater management
improvements along with structural, electrical, and instrumentation and control modifications and
improvements; and (ix) related improvements.