06/27/2017 Resolutions 2017-188RESOLUTION 2017-188
WHEREAS, the City Council adopted Resolution No. 2013-150 on May 14, 2013,
which declared the City's official intent to issue bonds in a maximum principal amount of
$60,000,000 to finance Sanitary Sewer Collection System and Wastewater Treatment Plant
Improvements; and
WHEREAS, on June 10, 2014 by Resolution No. 2014-162 City Council modified
the official intent made in Resolution No. 2013-150 with respect to the principal amount of
debt expected to be issued to a maximum amount of $74,275,000, which debt is expected to
include up to $40,000,000 in principal amount of loan funds form the Clean Water State
Revolving Loan Fund program administered by the Nebraska Department of Environmental
Quality; and
WHEREAS, on July 28, 2015, via Resolution No. 2015-203, City Council approved
the addition of Westwood Park Residential Subdivision and Lift Station No. 20 Force Main
Rehabilitation in the remainder of the of the Clean Water State Revolving Loan Fund
Program; and
WHEREAS, the Mayor and City Council of the City of Grand Island hereby find and
determine that it is necessary and appropriate to further modify the official intent made in
Resolution No. 2013-150 further, to include Lift Station No. 11 Upgrade and Force Main Re-
route, West Stolley Park Road Sanitary Sewer Extension, and Grand Island Airport Sanitary
Sewer Rehabilitation in the remainder of the Clean Water State Revolving Loan Fund
Program administered by the Nebraska Department of Environmental Quality; and
WHEREAS, this Resolution shall stand as a statement of the City's official intent
under Regulation Section 1150-2 of the regulations of the United States Treasury and shall
modify and not be in addition to the statement made in Resolution No.'s 2013-150, 2014-
162, nor 2015-203 and for such purposes the following information is hereby given:
1. A general functional description of the projects for which expenditures may be
made and reimbursement from debt proceeds provided is as follows:
• Lift Station No. 11 Upgrade and Force Main Re-route
• West Stolley Park Road Sanitary Sewer Extension
• Grand Island Airport Sanitary Sewer Rehabilitation
2. The maximum principal amount of debt expected to be issued for such projects is
$74,275,000, which debt is expected to include up to $40,000,000 in principal amount of
loan funds form the Clean Water State Revolving Loan Fund program administered by the
Nebraska Department of Environmental Quality.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the declaration of intent to issue debt
to reimburse expenses resulting from the Wastewater Capital Improvements is hereby
approved.
Approved as to Form tt
June 26, 2017 tt i orney
Adopted by the City Council of the City of Grand Island, Nebraska, June 27, 2017.
Attest:
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RaNae Edwards, City Clerk
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