RESOLUTION NO. 2020-3
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 Supplemental 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; and
NOW THEREFORE BE IT RESOLVED by the Mayor of the City of St. Clairsville:
SECTION 1. That the Mayor of the City of St. Clairsville is hereby authorized to apply for a Supplemental 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 hereby declared an emergency measure necessary for the preservation of public peace, health, and safety for the citizens of the City of St. Clairsville for the reason that the construction of reservoir improvements is necessary for the safe and efficient operation of the reservoir.
SECTION 4. That this Resolution shall take effect and be in force from and after the earliest period allowed by law.
Passed: January 21, 2020
Approved: January 21, 2020