RES-2012-028 Resolution Approving Application for a Clean Water State Revolving Fund Loan to Finance the Proposed McGowan Outfall

Browse Search

~~S- .~dJ Z---~~~ `3~~`~~zU ~ Z Res. - 2012-028 ~ L RESOLUTION BY ORANGE COUNTY BOARD OF COMMISSIONERS WHEREAS, The Federal Clean Water Act Amendments of 1987 and the North Carolina Water Infrastructure Act of 2005 (NCGS 159G) have authorized the making of loans and grants to aid eligible units of government in financing the cost of construction of wastewater collection system infrastructure, and WHEREAS, The Oran~e County Board of Commissioners has need for and intends to construct a wastewater collection system infrastructure project described as the McGowan Outfall and WHEREAS, The Oran~e County Board of Commissioners intends to request state loan assistance for the project, NOW THEREFORE BE IT RESOLVED, BY THE ORANGE COUNTY BOARD OF COMMISSIONERS: That Oran~e Countv Board of Commissioners, the Applicant, will arrange financing for all remaining costs of the project, if approved for a State loan award. That the Applicant will adopt and place into effect on or before completion of the project a schedule of fees and charges and other available funds which will provide adequate funds for proper operation, maintenance, and administration of the system and the repayment of all principal and interest on the debt. That the governing body of the Applicant agrees to include in the loan agreement a provision authorizing the State Treasurer, upon failure of the County to make scheduled repayment of the loan, to withhold from the County any State funds that would otherwise be distributed to the local government unit in an amount sufficient to pay all sums then due and payable to the State as a repayment of the loan. That the Applicant will provide for efficient operation and maintenance of the project on completion of construction thereof. That Frank Clifton. Countv Mana~er, the Authorized Official, and successors so titled, is hereby authorized to execute and file an application on behalf of the Applicant with the State of North Carolina for a loan to aid in the construction of the project described above. That the Authorized O~cial, and successors so titled, is hereby authorized and directed to furnish such information as the appropriate State agency may request in connection with such application or the project: to make the assurances as contained above; and to execute such other documents as may be required in connection with the application. That the Applicant has substantially complied or will substantially comply with all Federal, State, and local laws, rules, regulations, and ordinances applicable to the project and to Federal and State grants and loans pertaining thereto. Adopted this the 13`h day of March, 2012, at Hillsborough, North Carolina.