08/29/2017 Resolutions 2017-239RESOLUTION 2017-239
WHEREAS, the City of Grand Island, Nebraska recognized 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 determined 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 (NDEQ), subject to certain requirements and
obligations; and
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
$40,000,000.00 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 $40,000,000.00, 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 contract for a loan, in the total amount of
$6,473,500.00, between the Nebraska Department of Environmental Quality and the City of Grand Island,
Nebraska designated as Project No. C317990 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 contract and all other documents necessary to facilitate the loan between the
Nebraska Department 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.
Adopted by the City Council of the City of Grand Island, Nebraska, August 29, 2017.
Attest:
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RaNae Edwards, City Clerk
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Approved as to Form ��
August 28, 2017 City orney