HomeMy WebLinkAbout3301-24 Pledged Revenues and Funds for the RAS Pump Station Replacement Project1
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RESOLUTION NO. 3301-24
PLEDGED REVENUES AND FUND(s) RESOLUTION BY THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT (STPUD) FOR THE RETURN ACTIVATED SLUDGE
PUMP STATION REPLACEMENT PROJECT
WHEREAS, the South Tahoe Public Utility District has adopted Clean Water State
Revolving Fund Resolutions regarding intent, authority and procedure;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTH TAHOE
PUBLIC UTILITY DISTRICT (the "Entity"), AS FOLLOWS:
1. The Entity hereby dedicates and pledges Sewer Enterprise Fund/Sewer Service
Charge Net Revenues to payment of any and all Clean Water State Revolving Fund
and/or Water Recycling Funding Program financing for the Return Activated Sludge
Pump Station Replacement Project (the "Project").
2. The Entity commits to collecting such revenues and maintaining such fund(s)
throughout the term of such financing and until the Entity has satisfied its repayment
obligation thereunder unless modification or change is approved in writing by the State
Water Resources Control Board.
3. So long as the financing agreement(s) are outstanding, the Entity's pledge
hereunder shall constitute a lien in favor of the State Water Resources Control Board on
the foregoing fund(s) and revenue(s) without any further action necessary.
4. So long as the financing agreement(s) are outstanding, the Entity commits to
maintaining the fund(s) and revenue(s) at levels sufficient to meet its obligations under
the financing agreement(s).
WE, THE UNDERSIGNED, do hereby certify that the above and foregoing Resolution No.
3301 was duly and regularly adopted and passed by the Board of Directors of the South
Tahoe Public Utility District at a regular meeting held on the 19th day of December
2024, by the following vote:
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AYES: Haven,Romsos,Henderson,Sheehan,Exline
NOES:
ABSENT:
ATTEST:
r
Melanie Guttry, Executive ervices Manager/
Clerk of the Board
South Tahoe Public Utility District
Resolution No. 3301-24
December 19, 2024
Page 2
Shane Romsos, Board Vice President
South Tahoe Public Utility District