HomeMy WebLinkAboutRES 950314-K - Request Finance Assist TWDBr r -bi agnAvol, ItA• N( e
WHEREAS, the City of Georgetown, Texas (the "City") deems it necessary to apply Is$
the Texas Water Development Board for financial assistance for improvements and extensio
toSeweramountnot s exceed $6,000,000 (the "Project");•
WHEREAS, in accordance with the rules and regulations of the Texas Water Development
Board, which governs the procedures of making such application, the governing body of the City
is required to adopt a resolution to accompany such application.
THEREFORE, i ! BY THE CITY COUNCILOF
CITY OF GEORGETOWN,
SECTION 1. The facts and recitations contained in the preamble of this resolution are
hereby found and declared to be true and correct, and are incorporated by reference herein and
expressly irlade a part hereof, as if copied verbatim, The City Council hereby finds that this
resolution implements Utilities/Energy Policy 5 of the Century Plan - Policy Plan Element, which
states: "Water, wastewater, electricity, and solid waste collection services meet the immediate and
future needs of all citizens and encourage and provide for economic development"; and Finance
Policy 4 which states "Sufficient financial resources for both short term and long term needs are
provided"; and further finds that the adoption of this resolution is not inconsistent or in conflict
with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter
of the Policy Plan.
SECTION 2. The Texas Water Development Board is hereby requested to grant financial
assistance to the City for improvements and extensions to the City's Sewer System, all as further
described in the application for financial assistance.
SECTION 3, The Mayor of the City is hereby authorized to execute and submit to the
Texas Water Development Board the application forand the Mayor,
supporttogether with city staff, bond counsel, financial advisor, and consulting engineers named in such
application, are hereby authorized to appear before the Texas Water Development Board in
of •
SECTION 4. The Mayor is further specifically authorized to make the required
assurances to the Texas Water Development Board in accordance with the rules, regulations, and
policies of the Texas Water Development Board.
TWDB Resolution No. d"y
Page 1 of 2
SECTION 5, It is hereby found and determined that the City cannot reasonably finance
the proposed Project without financial assistance in the amount requested, and that the nature of
the improvements proposed to be financed constitute an emergency condition, and immediate
consideration of this application is requested.
SECTION 6. A certified copy of this Resolution shall be attached to the application for
financial assistance herein authorized to be prepared and submitted to the Texas Water
Development Board.
RESOLVED this day of 7 1995.
ATTEST: THE CITY OF GEORGETOWN:
Sandra D. Lee By. EO WOOD
City Secretary Mayor
PROVED AS TO FORM
Marianne Landers Banks
City Attorney
TWDB Resolution No.
Page 2 of 2
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of the State of Texas, and all rules, regulations, and policies of the Texas Water Development Board, and
specifically further assures the Texas Water Development Board that:
(1) the facts and representations set forth in the application for financial assistance authorized
by the Resolution (the "application") are and will be true and correct, to the best of his knowledge and
belief*
(2) if such financial assistance is granted, the City will cause the Project to be constructed
accompanying exhibits;
(3) the City will hold and save the State of Texas harmless from any damages due
cnstruction and maintenance of the Project; and i
o
(4) the City will tender payment pursuant to any contract for the construction of the Project
Ao#sc-i elt% of sa
I
contract the remaining 10% •e- shall not be paid by the City from any funds available, withoz
regard to the source thereof, unless such final payment of 10% of the contract costs shall be specifica
approved by the Texas Water Development Board. I
e,
Mayor,\,City of Ge'6r-6etown
SUBSCRIBED AND SWORN TO BEFORE ME this A�'day of 995.
GOES
"ary 3
Jai,. , 190
Mawr
1'7
Notary Public in and for
Williamson County, Texas