2001-150RESOLUTION NO. 2001-150
A Resolution authorizing interfund borrowing toprovide interim funding for the Clean
Water Fund Project and to comply with requirements of the Wisconsin Clean Water
Fund Loan Program
WHEREAS, the City of Janesville has entered into an engineering agreement for engineering services
for the construction plans and specifications for improvement ofwastewater treatment facilities for the
City of Janesville, in cooperation with Earth Tech, Inc.; and
WHEREAS, the Wastewater Utility will make application for a Wisconsin Clean Water Fund Loan
(Project #4335-06) to assist in the fmancing of the design and construction of such facility
improvements including phosphorus removal facilities and replacement of the engine generators,
sludge dewatering equipment, Data Acquisition System, influent pump gearbox, and the Treatment
Plant electric service; and
WHEREAS, the City desires to comply in all respects with the requirements of the Wisconsin Clean
Water Fund Loan Program and to refrain from any financial activity which may be considered
impermissible arbitrage;
NOW, THEREFORE BE IT RESOLVED, by the Common Council of the City of Janesville that it
hereby sets forth as its policy compliance with all requirements of the Wisconsin Clean Water Fund
Loan Program so as to avoid impermissible arbitrage in financing and refinancing of the wastewater
treatment facility design and construction, and otherwise; and
BE IT FURTHER RESOLVED, that the City pay for services received from its Engineer prior to the
approval of any loan(s) from the Wisconsin Clean Water Fund Loan Program and that such
expenditures be paid from the general funds of the Utility and from the Sinking Fund established in
1984 for Treatment Plant repairs and maintenance; and
BE IT FURTHER RESOLVED, that the City has the intent to seek financing and refinancing with the
Wisconsin Clean Water Fund Loan to pay $650,000 of the expenditures for the design and construction
of the Wastewater Treatment facility, all said financing and refinancing to be in compliance with the
Wisconsin Clean Water Fund Loan Program so that the City may be eligible for all monies available
under said program; and
BE IT FURTHER RESOLVED, that the City may pay for services provided in conjunction with the
design and construction of the Wastewater Treatment Plant facility performed by independent
contractors which may not be included in billing for engineering services provided by Earth Tech, Inc.
and seek reimbursement from the Wisconsin Clean Water Fund Loan Program from the general funds
of the Utility; and
BE IT FURTHER RESOLVED, that the City has the intent that Clean Water Fund Loan repayments
be repaid with the revenues of the City sewer user charge system.
ADOPTED: April 9, 2001
APPROVED;
~gt'c'~. Sheiffer, City IVfan~a~er
ATTEST:
Je/an/Am~ Wulf' City Clerk'Treasurer
APPROVED AS TO FORM:
City Attorney, ' /
Proposed by: Utility Director
Prepared by: Utility Director
MOTION BY: ,Sehneidar
SECOND BY:
COUNCILMEMBER AYE NAY PASS ABSENT
SCHNEIDER X
WILLIAMS X
NOLL X
BRIEN X
MURPHY X
O'LEARY X
DEGARMO ×