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RESOLUTION NO. 94 -30
A RESOLUTION OF THE CITY OF CAPE CANAVERAL,
BREVARD COUNTY, FLORIDA; AUTHORIZING
APPLICATION FOR A STATE REVOLVING FUND LOAN,
PROVIDING ASSURANCES, ESTABLISHING PLEDGED
REVENUES, DESIGNATING AN AUTHORIZED
REPRESENTATIVE, AUTHORIZING THE LOAN
AGREEMENT, AND ESTABLISHING AUTHORITY TO
.UNDERTAKE THE PROJECT; PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, Florida Statutes provide for loans to local
government agencies to finance the construction of water pollution
control facilities; and
WHEREAS, Florida Administrative Code rules require
authorization to apply for loans, to establish pledged revenues, to
designate an authorized representative, and to provide the
assurances of compliance with loan program requirements, and
WHEREAS, the City of Cape Canaveral intends to enter into a
binding loan agreement with the Florida Department of Environmental
Protection for project funding.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Cape Canaveral, Brevard County, Florida, as follows:
SECTION 1. The City Council of the City of Cape Canaveral
is authorized to apply for a loan to finance the project.
SECTION 2. The revenues pledged for the repayment of the
loan are sewer system use fees.
SECTION 3. The Mayor is hereby designated as the
authorized representative to provide the assurances and commitments
required by the loan application.
SECTION 4. The Mayor is hereby authorized to execute the
State Revolving Fund loan agreement which will become a binding
City of Cape Canaveral, Florida
Resolution No. 94 -30
Page 2
obligation in accordance with its terms.
SECTIjON 5.
construct this project are Sections 166.111 and 180.07(2), F.S.
SECTION 6. This Resolution shall take effect immediately
upon its adoption.
ADOPTED BY the City Council of the City of Cape Canaveral,
Florida, this 5TH day of JULY , 1994.
The legal authority for borrowing monies to
ATTEST:
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Faith G. Miller, ,i,CLERK
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Approved as ,to Form; s,,
John, Kancilia, ' "Ct'i3 `ATTORNEY
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Salamone, MAYOR
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PORTER
RANOELS
SALAMONE
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