HomeMy WebLinkAbout2203 ResolutionAp oved As To For
Catherine D Seaman Gr ubstello
Deputy City Clerk
City orney
RESOLUTION NO. QA03
A RESOLUTION approving Loan Amendment No 1 to the State
Revolving Loan Fund Agreement L9400013 in the amount of $15,355,558 00
WHEREAS, the City Council previously approved an SRF loan
agreement on May 16, 1994, and
WHEREAS, the Washington State Department of Ecology has offered
to increase the loan amount from $3,802,079 00 to $15,355,558 00 and change
the interest rate from 4 5% to 3 5%, and
WHEREAS, the City is in need of said loan funds in order to complete
the Waste Water Treatment Plant construction project and the Road 44
interceptor, and
WHEREAS, the City staff has recommended to the Council that it
approve the loan agreement, now, therefore,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO
RESOLVE AS FOLLOWS.
1 That Loan Amendment No 1 to the State Revolving Fund (SRF)
Loan Agreement L9400013 between the Washington State Department of
Ecology and the City of Pasco is hereby approved and the City Manager is
authorized to sign all documents necessary for the amendment
Passed by the City Council of the City of Pasco, at a regular meeting
this 21st day of August, 1995
City of Pasco:
, 11,7,LtiL
Jot 4 elice
Ma or
Attest: