09-42
RESOLUTION NO. 09-42
A RESOLUTION OF THE CITY OF CLEARWATER,
FLORIDA ESTABLISHING ITS INTENT TO REIMBURSE
CERTAIN PROJECT COSTS INCURRED WITH
PROCEEDS OF FUTURE TAX-EXEMPT FINANCING;
PROVIDING CERTAIN OTHER MATTERS IN
CONNECTION THEREWITH; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Clearwater, Florida (the "Issuer")
has determined that the need exists to construct certain capital improvements to the
City's water and sewer system together with engineering work regarding the water and
sewer facilities, more particularly describe on Exhibit A attached hereto (collectively, the
"Project");
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA,
SECTION 1. AUTHORITY. This Resolution (hereinafter called the "Resolution")
is adopted pursuant to the provisions of the Florida Constitution, Chapter 166, Florida
Statutes, and other applicable provisions of law.
SECTION 2. DECLARATION OF INTENT. The Issuer hereby expresses its
intention to be reimbursed from proceeds of a future tax-exempt financing for capital
expenditures to be paid by the Issuer in connection with the construction of the Project.
Pending reimbursement, the Issuer expects to use funds on deposit in its water and
sewer utility funds, general funds and other funds legally available to pay a portion of
the cost of the Project. It is not reasonably expected that the total amount of debt to be
incurred by the Issuer to reimburse itself for expenditures paid with respect to the
Project will exceed $34,678,500.00. This Resolution is intended to constitute a
"declaration of official intent" within the meaning of Section 1.150-2 of the Income Tax
Regulations.
SECTION 3. SEVERABILITY. If anyone or more of the provisions of this
Resolution shall for any reason be held illegal or invalid, such illegality or invalidity shall
not affect any other provision of this Resolution, but this Resolution shall be construed
and enforced as if such illegal or invalid provision had not been contained therein.
SECTION 4. REPEALING CLAUSE. All resolutions or orders and parts thereof
in conflict herewith to the extent of such conflicts, are hereby superseded and repealed.
SECTION 5. EFFECTIVE DATE. This resolution shall take effect immediately
upon its adoption.
Resolution No. 09-42
PASSED AND ADOPTED this 22nd day of October ,2009.
3'~F.~
Frank V. Hibbard
Mayor
Approved as to form:
ifl,
Pame a K. Akin
City Attorney
Attest:
Resolution No. 09-42
CITY OF CLEARWATER
Water & Sewer Utility Fund - 421
Projects for 2011 Revenue Bond Reimbursement Resolution 09-42
October 22, 2009
EXHIBIT A
Total Water & Sewer Pro"ects Per FY20091nterim Rate Stud
Total Projects to be
Funded for 10 & 11 FY2010 FY2011
Painting of Facilities 94517 39,000 39,000
Flooring of Facilities 94519 10,130 10,130
City-Wide Aerial Photography 96516 2,000 2,000
Public Utilities Adminstration Building R & R 96523 52,000 26,000 26,000
Odor Control 96615 222,460 72,520 149,940
WWTP Generator Replacement 96619 1,000,000 1,000,000
Sanitary Sewer Extensions 96630 1,000,000 500,000 500,000
Sanitary Utility Relocation 96634 1,213,710 463,710 750,000
Laboratory Upgrade and R & R 96645 117,660 57,960 59,700
Facilities Upgrade & Improvement 96654 1,122,000 622,000 500,000
Water Pollution Control R & R 96664 2,289,260 1,176,030 1,113,230
Sanitary Collection & Transmission R & R 96665 6,633,600 2,868,600 3,765,000
WWTP East Bypass & Northeast Pump 96666 1,548,400 1,548,400
Pollutant Storage Tank R & R - WPC 96670 16,000 7,880 8,120
Pump Station Replacement 96686 3,338,000 1,110,000 2,228,000
WWTP Screw Pump Replacement 96202 302,950 302,950
System R & R Maintenance 96721 50,000 25,000 25,000
Reclaimed Water Distribution System 96739 5,556,290 2,921,470 2,634,820
Water Supply & Treatment 96740 625,000 300,000 325,000
System R & R - Capitalized 96741 1,089,300 850,000 239,300
Line Relocation - Capitalized 96742 2,500,000 400,000 2,100,000
Meter/Backflow Replacement/Change Out 96743 1,300,000 650,000 650,000
System Expansion 96744 500,000 250,000 250,000
Water Service Lines 96752 1,000,000 500,000 500,000
Reverse Osmosis Expansion - Reservoir #1 96764 7,223,250 2,236,250 4,987,000
Reverse Osmosis @ Reservoir #2 96767 2,634,060 1,516,830 1,117,230
Rebate-Well, Lake, Pond Irrigation Abandonment 96768 100,000 50,000 50,000
41 ,485,070 19,465,730 22,019,340