Resolution No. 09-16 vRESOLUTION 09-16
A RESOLUTION OF THE CITY OF ATLANTIC BEACH, FLORIDA,
RELATING TO THE STATE REVOLVING FUND PROGRAM;
AUTHORIZING THE APPLICATION; AUTHORIZING THE
AGREEMENT; ESTABLISHING PLEDGED REVENUES;
DESIGNATING AUTHORIZED REPRESENTATIVES; PROVIDING
ASSITRANCES.
WHEREAS, Florida Statutes provide for financial assistance to local government agencies to
finance the construction of drinking water facilities; and
WHEREAS, Florida Administrative Code rules require authorization to apply for financial
assistance, to establish pledged revenues, to designate an authorized representative; to provide
assurances of compliance with program requirements; and to enter into an agreement; and
WHEREAS, the State Revolving Fund priority list designates Project Number DW 16071 as
eligible for available funding; and
WHEREAS, the City of Atlantic Beach, Florida, intends to enter into an agreement with the
Deparkment of Environmental Protection under the State Revolving fund for project financing.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Atlantic Beach, Florida, that
SECTION I. The City of Atlantic Beach, Florida is authorized to apply for financial assistance
to finance the project.
SECTION II. The revenues pledged for the repayment of the loan aze net water and sewer
utility system revenues after payment of debt service on the following outstanding bond debt:
• Utilities System Revenue Bonds series 1996
• Utilities System Revenue Bonds series 2004
SECTION III. The City Manager is hereby designated as the authorized representative to
provide the assurances and commitments required by the application.
SECTION IV. The City Manager is hereby designated as the authorized representative to
execute the agreement which will become a binding obligation in accordance with its terms when
signed by both parties.
SECTION V. The City Manager is authorized to represent the City of Atlantic Beach in
carrying out responsibilities under the agreement. The City Manager is authorized to delegate
responsibility to appropriate staff to carry out technical, financial, and administrative activities
associated with the agreement.
ADOPTED at a public meeting by the City Commission of the City of Atlantic Beach, Florida
on the day of November 2009.
as to form and correctness:
Donna L. Bartle
City Clerk
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