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2005/03/22 City Council Resolution (12)Rescinded by Resolution No. 2005 -137 RESOLUTION 2005- 85 RESOLUTION OF THE CITY OF ROHNERT PARK ESTABLISHING A WASTEWATER CAPITAL RESERVE FUND AND DEDICATING SEWER USER CHARGES IN ACCORDANCE WITH THE STATE WATER RESOURCES CONTROL BOARD'S REQUIREMENTS OF THE STATE REVOLVING FUND LOAN PROGRAM WHEREAS, the Council of the City of Rohnert Park authorized the application for a State Revolving Fund (SRF) loan to fund all or a portion of the cost of expansion and improvement of the wastewater treatment facilities; and WHEREAS, the State Water Resources Control Board requires, as a condition of approval of the loan, the establishment of a Wastewater Capital Reserve Fund for future expansion, repair, or replacement costs; and, WHEREAS, the State Water Resources Control Board also requires, as a condition of approval of the loan, that the City of Rohnert Park dedicates sewer user charges to repayment of any and all SRF loans. NOW THEREFORE BE IT RESOLVED by the Council of the City of Rohnert Park that: 1. A dedicated Wastewater Capital Reserve Fund shall be created, and, 2. Said Wastewater Capital Reserve Fund shall be administered, by the City Finance Director, as required by the "Policy For Implementing The State Revolving Fund For Construction Of Wastewater Treatment Facilities" adopted by the State Water Resources Control Board on April 18, 1998. 3. Sewer user charges are hereby dedicated to repayment of any and all State Revolving Fund loans on Project No. C -06 -499 -110. This dedicated source of revenue shall remain in effect until such loan or loans are fully discharged unless modification or change of such dedication is approved, in writing, by the State Water Resources Control Board. DULY AND REGULARLY ADOPTED this 22nd day of March 2005. ATTEST Deputy City Clerk 19 CITY OF ROHNERT PARK R CJ -- -- - - ---- -------------------^- ...kvor Ja e Mackenzie LIFORN't FLORES: AYE SMITH: AYE SPRADLIN: AYE VIDAK- MARTINEZ: AYE MACKENZIE: AYE AYES: (5) NOES: (0) ABSENT (0) ABSTAIN: (0)