09/09/2014 Resolutions 2014-273 RESOLUTION 2014-273
WHEREAS,the City of Grand Island,Nebraska recognizes that a properly sized and
functioning sewer system is necessary to the health and welfare of the citizens of the City of Grand
Island; and
WHEREAS,the Mayor and City Council have deteitnined that portions of the Grand
Island sewer system are in need of significant repair and improvement, and that sewer service is
needed in areas in and around Grand Island; and
WHEREAS, funding for the cost of the repair and improvement of portions of the
Grand Island sewer system may be obtained by loans from Clean Water State Revolving Funds
(CWSRF)from the Nebraska Department of Environmental Quality,subject to certain requirements
and obligations;
WHEREAS, City Council approved Resolution No. 2014-162 on June 10, 2014,
which authorized a maximum principal amount of debt expected to be issued for Sanitary Sewer
Collection System and Wastewater Treatment Plant Improvements at $74,275,000, with debt
expected to include up to$40,000,000 in principal amount of loan funds from the Clean Water State
Revolving Loan Fund program; and
WHEREAS, City Council approved Ordinance No. 9493 on July 29, 2014 giving
formal approval to the NDEQ borrowing in a principal amount of up to$40,000,000,with each loan
document being presented and approved by Council resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
CITY OF GRAND ISLAND, NEBRASKA, that execution of the contracts for loans, in the total
amount of$7,000,000.00,between the Nebraska Department of Environmental Quality and the City
of Grand Island, Nebraska designated as Project No. C317867 (non-green), in the amount of
$6,000,000 and Project No. C317981 (green),in the amount of$1,000,000 incorporated by reference
into this Resolution as if fully set forth; and
BE IT FURTHER RESOLVED, the Mayor, City Clerk, and City Treasurer are hereby
directed to execute the contracts and all other documents necessary to facilitate the loans between the
Nebraska Depai Intent of Environmental Quality and the City of Grand Island, Nebraska for the
purpose of repairing and improving the City of Grand Island sewer system; and
BE IT FURTHER RESOLVED THAT the Mayor, City Clerk, and City Treasurer, be
authorized and directed to sign all necessary documents, to furnish such assurances to the State of
Nebraska as may be required by law or regulations, and to receive payment on behalf of the
applicant.
Approved as to Form a „
September 8,2014 ° Ci ty ney
Adopted by the City Council of the City of Grand Island,Nebraska, September 9, 2014.
ay Vavricek, Mayor
Attest:
PosTh
RaNae Edwards, City Clerk
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