HomeMy WebLinkAboutReso - CC - 060-2002RESOLUTION NO. 60-2002
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF BURLINGAME IDENTIFYING AND DEDICATING THE SEWER
SYSTEM USE CHARGES TO REPAYMENT OF THE STATE REVOLVING FUND
LOANS PURSUANT TO THE TERMS OF THE LOAN AGREEMENTS AS REQUIRED
BY 33 U.S.C. § 1383
RESOLVED, by the City Council of the City of Burlingame:
WHEREAS, the provisions of 33 United States Code (U.S.C.) section 1383 require that
State Revolving Fund loans made pursuant to the Clean Water Act provide that recipient agencies
dedicate a source of revenue to the repayment of the loan; and
WHEREAS, the sewer service charges paid by the City's ratepayers will be the source of
revenue from which any loans from the State Revolving Fund will generally be paid, subject to the
terms of the loan agreements and recognizing that those service charges will also be used for other
purposes and may be used for other financing on a parity or subordinate basis,
NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Burlingame
does hereby resolve as follows:
The sewer service charges of the City are hereby identified and dedicated to
repayment of any all State Revolving Fund loans on Project No. C-06-4772-110 as provided in the
applicable loan agreements with the understanding that the sewer service charges will also be used
to pay maintenance and operating expenses of the wastewater system and may be pledged and
applied to repay other obligations of the City on a parity or subordinate basis, including but not
limited to bonds, notes, leases, and installment contracts.
I, ANN T. MUSSO, City Clerk of the City of Burlingame, do hereby certify that the
foregoing Resolution was introduced at a regular meeting of the City Council held on the 20tbday
of 14ay , 2002, and was adopted thereafter by the following vote:
AYES: COUNCILMEMBERS: aAYLOCx, CALLICAN, JANNEY, olmmtoNY
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS: COFFEY
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City Clerk