Res 229-88 12/8/1988I t
/1 -1 C�' C�'
RESOLUTION NO. o4W-4,4
RESOLUTION TO REQUEST FINANCIAL ASSISTANCE FROM THE
TEXAS WATER DEVELOPMENT BOARD, AUTHORIZE THE
SUBMISSION OF AN APPLICATION FOR SUCH FINANCIAL
ASSISTANCE, AND DESIGNATE THE CITY MANAGER AS THE
AUTHORIZED REPRESENTATIVE OF THE CITY OF WICHITA
FALLS FOR EXECUTING THE APPLICATION AND APPEARING
BEFORE THE WATER DEVELOPMENT BOARD
WHEREAS, the City of Wichita Falls must renovate and expand
the River Road Wastewater Treatment Plant in order to meet newly
imposed effluent standards and achieve a capacity and state-of-
the-art technology that will serve the citizens of Wichita Falls
for the next quarter century, and must install a new, large
capacity sewage collection interceptor line;
WHEREAS, the federal and state governments are jointly
making available low interest loans from a perpetual fund known
as the State Revolving Fund;
WHEREAS, the application for said loan requires certain
declarations by this city council; and,
WHEREAS, the Council has examined a summary and has been
briefed on the contents of the application to the State for the
low interest loan from the State Revolving Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WICHITA FALLS, TEXAS, THAT:
The City of Wichita Falls does hereby seek financial
assistance from the Texas Water Development Board in the form of
a low interest loan from the State Revolving Fund, such loan
proceeds to be used for the expansion and modernization of the
River Road Wastewater Treatment Plant and installing a major
sewage collection interceptor line. The staff of the City of
Wichita Falls is authorized to submit an application for such
financial assistance within the terms of the procedures
established by the Texas Water Development Board. The City
Manager of the City of Wichita Falls is designated as the
authorized representative of the City for executing the
application and for appearing before the Texas Water Development
Board in relation to the application for a low interest loan. To
facilitate the issuance of bonds for this project, the City
Manager is hereby authorized to sign employment contracts with
Herbert R. Smith, Inc. as Financial Advisor for the City and
McCall, Parkhurst and Horton as Bond Counsel.
PASSED AND APPROVED THIS THE 8TH DAY OF DECEMBER, 1988.
ATTEST:
CITY CLERK
�MA Y OR�