HomeMy WebLinkAboutResolutions - No. 2003-114RESOLUTION NO. 2003-114
A RESOLUTION OF THE LODI CITY COUNCIL DEDICATING A
REVENUE SOURCE FOR REPAYMENT OF A POTENTIAL STATE
REVOLVING FUND LOAN FOR THE WHITE SLOUGH WATER
POLLUTION CONTROL FACILITY IMPROVEMENTS AND AGREEING
TO MAINTAIN THE REVENUE SOURCE
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WHEREAS, the City of Lodi owns, operates, and maintains the White Slough
Water Pollution Control Facility (WSWPCF); and
WHEREAS, WSWPCF is currently operating near the rated capacity, and
increased capacity is required to provide wastewater treatment for projected community
growth; and
WHEREAS, the WSWPCF is in need of improvements to enable the facility to
remain in compliance with the current and anticipated discharge permit requirements;
and
WHEREAS, the City of Lodi is currently preparing project plans and
specifications for the WSWPCF Improvements to meet the needs of the community; and
WHEREAS, the State Water Resources Control Board (SWRCB) operates the
State Revolving Fund (SRF), which provides low interest loans for wastewater treatment
facility improvements; and
WHEREAS, the SWRCB requires that the City of Lodi commit to operate and
maintain a Wastewater Capital Reserve Fund for the purpose of funding future
expansion, major repair, or replacement of the facilities funded under these loans; and
WHEREAS, the City of Lodi operates a Wastewater Capital Reserve Fund from
monthly service charges, which is held in a reserve to fund major maintenance and
replacement work, and collects Development Impact Fees and Capacity Fees for
approved projects to keep wastewater facilities in good operational repair; and
WHEREAS, the SWRCB requires that the City of Lodi commit a source of
revenue for the repayment of the loans; and
WHEREAS, such loan shall not be a debt of the City of Lodi or a charge, lien, or
encumbrance on any of its property or income or revenues other than the revenues
which are pledged to payment thereof.
NOW, THEREFORE, BE IT FOUND, DETERMINED AND RESOLVED that the
City of Lodi will continue to operate and maintain the Wastewater Capital Reserve Fund,
Development Impact Fees, and Capacity Fees in accordance with the SRF Policy
requirements for the purpose of expansion, major repair, or replacement of the
WSWPCF; and
BE IT FURTHER RESOLVED that the City of Lodi will repay SRF Loan No.
C-06-4804-110 and any other associated SRF loans from the income received from a
combination of the Wastewater Capital Reserve Fund and applicable portions of the
Development Impact Fees and Capacity Fees collected and that these sources of
revenue shall remain in effect until such loans are fully discharged unless modification
or change of such dedication of these sources of revenue is approved in writing by the
SWRCB, or is otherwise required by State or Federal law. Further, such loan shall not
be a debt of the City of Lodi or a' charge, lien, or encumbrance on any of its property or
income or revenues other than the revenues, which are pledged to payment thereof.
Dated: July 2, 2003
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I hereby certify that Resolution No. 2003-114 was passed and adopted by the
City Council of the City of Lodi at a regular meeting held on July 2, 2003, by the
following vote:
AYES: COUNCILMEMBERS — Beckman, Hansen, Howard, Land, and
Mayor Hitchcock
NOES: COUNCILMEMBERS — None
ABSENT: COUNCILMEMBERS — None
ABSTAIN: COUNCILMEMBERS — None
IIn
SUSAN J. BLACKSTON
City Clerk
2003-114