HomeMy WebLinkAboutResolution No. 431-09 CLEAN WATER REVOLVING FUND/DRINKING WATER
REVOLVING FUND RESOLUTION
BE IT RESOLVED that the City of Rochester is hereby applying to the Minnesota Public
Facilities Authority for a loan from the Clean Water Revolving Fund/Drinking Revolving Fund
for improvements to its drinking water system/municipal wastewater treatment system as
described in the loan application.
BE IT FURTHER RESOLVED that the City of Rochester estimates the loan amount to
be $ or the as-bid cost of the project.
BE IT FURTHER RESOLVED that the City of Rochester has the legal authority to apply
for the loan, and the financial, technical and managerial capacity to repay the loan, and will
ensure the proper construction, operation and maintenance of the project for its design life.
BE IT FURTHER RESOLVED that that City of Rochester hereby expresses its official
intent to use proceeds of this loan to reimburse construction expenditures made prior to the
•issuance of its general obligation bond to the Public Facilities Authority.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DA 2,009.
ATTEST:
PRESIDENT OF SAID COMMON COUNCIL
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CITY CLERK
APPROVED THIS 07 ( DAY OF , 2009.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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