A RESOLUTION AUTHORIZING THE MAYOR OF THE CITY OF ST. CLAIRSVILLE TO APPLY FOR,
ACCEPT AND ENTER INTO A WATER SUPPLY REVOLVING LOAN ACCOUNT AGREEMENT FOR CONSTRUCTION
OF THE NEW RESERVOIR AND DECLARING AN EMERGENCY
WHEREAS, the Mayor of the City of St. Clairsville intends to apply for a construction loan through Ohio EPA Water Supply Revolving Loan Account (WSRLA) for construction of said reservoir improvements; and
WHEREAS, the Ohio EPA Water Supply Revolving Loan Account requires the government authority to pass legislation of a loan and the execution of an agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ST. CLAIRSVILLE, OHIO:
Section 1: That the Mayor of the City of St. Clairsville is hereby authorized to apply for a WSRLA loan with the Ohio Environmental Protection Agency and the Ohio Water Development Authority for construction of reservoir improvements on behalf of the City of St. Clairsville, Ohio.
Section 2: That the dedicated source of repayment will be water customer usage charges.
Section 3: That this Resolution is declared to be an emergency measure necessary for the immediate preservation of the public health, safety and welfare and such that Mayor apply for a loan for construction of reservoir improvements.
Section 4: This Resolution shall take effect and be in force from and after the earliest period allowed by the Charter of the City of St. Clairsville, Ohio.