Res 1951 - Oregon Business Dev AgrCOUNCIL BILL NO. 2802
RESOLUTION NO. 1951
A RESOLUTION ENTERING INTO AN AGREEMENT WITH THE OREGON BUSINESS
DEVELOPMENT DEPARTMENT FOR A FORGIVABLE LOAN UNDER THE STATE REVOLVING
FUND LOAN AND THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 FOR
WATER SYSTEM CONSOLIDATION PROJECT (PROJECT NO. SZ901 1)
WHEREAS, the City of Woodburn has been selected for receipt of a forgivable
loan to consolidate water systems within and near the City through the State
Revolving Fund Loan and revenues made available by the American Recovery
and Reinvestment Act of 2009, and
WHEREAS, the City finds Shalimar Estates, Driftwood Mobile Home Park, and
Chateau Ranchettes, are developments near the City that currently provide private
water supply systems that are not in compliance with the Environment Protection
Agency standards, and
WHEREAS, the City finds that the most appropriate way to address the public
health problems of these private water supply systems is to consolidate these
systems with the City's water system as part of the Water Consolidation Project No.
SZ901 1, and
WHEREAS, the Oregon Business Development Department (OBDD) forgivable
loan is in the amount of $2,800,000 and estimated to be sufficient to accomplish all
the work identified under the Water Consolidation Project No. SZ901 1, and,
WHEREAS, the City finds that no City funds will be expended for this Project
and that the OBDD will forgive the loan principle and interest upon completion of
the water consolidation project, NOW THEREFORE;
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. The City of Woodburn agrees to enter into a Contract and Loan
Agreement with the State of Oregon acting by and through its Business
Development Department, for a forgivable loan in the amount of $2,800,000 for
Water Consolidation Project No. SZ901 1.
Section 2. That the City Administrator of the City of Woodburn is authorized to
execute and deliver the Loan Agreement, other Loan Documents, and Contract
between the City and the OBDD for Water Consolidation Project No. SZ901 1 on
behalf of the City in a form acceptable to the City Attorney.
Page 1 - COUNCIL BILL NO. 2802
RESOLUTION NO. 1951
Approved as to form:
Approved:
Passed by Council
Submitted to the Mayor
Approved by the Mayor
Filed in the Office of the Recorder
ATTEST:��
Mary nnant, City Recorder
City of Woodburn, Oregon
Page 2 - COUNCIL BILL NO. 2802
RESOLUTION NO. 1951
September 30, 2009
September 30, 2009
September 30, 2009