STATE WATER RESOURCES CONTROL BOARD
BOARD MEETING SESSION – CLEAN WATER PROGRAMS
MARCH 15, 2000
APPROVAL
OF A STATE REVOLVING FUND (SRF) LOAN COMMITMENT CHANGE FROM STATE FISCAL YEAR (SFY)
2000 – 2001 ACCOUNT TO SFY 1999 – 2000 ACCOUNT, BODEGA BAY PUBLIC UTILITY
DISTRICT (DISTRICT), SRF LOAN PROJECT NO. C-06-4615-110
On
October 21, 1999, the State Water Resources Control Board (SWRCB) adopted
Resolution No. 99-096, and committed $1.9 million of SRF from the SFY 2000 –
2001 account for the construction of the District’s wastewater treatment plant,
storage, and disposal improvements. The
project is ahead of schedule, and bids were opened on February 15, 2000. The funding should be from the SFY 1999 –
2000 account instead of the SFY 2000 – 2001 account. Making the change will allow the SWRCB to issue the loan contract
to meet the District’s construction schedule.
Should the SWRCB approve the SRF loan funding commitment
change from SFY 2000 – 2001 account to SFY 1999 – 2000 account for the proposed
project, including a 20 year repayment period, with the first repayment due one
year after completion of construction?
North
Coast Regional Water Quality Control Board – Making the “account change” will
allow the District to start the construction on schedule and avoid waiting
until after July 1, 2000, for the SRF loan contract or funding this project
cash flow for the first few months of construction from other sources.
No
significant fiscal impact because the $1.9 million in SRF is already committed
to the project.
The SWRCB adopts a resolution approving a SRF loan commitment
of $1.9 million from the SFY 1999 - 2000 account instead of the SFY 2000 – 2001
account for the proposed project, with a repayment period of 20 years, and with
the first repayment due one year after completion of construction.
DRAFT March 6, 2000
STATE WATER RESOURCES CONTROL BOARD
RESOLUTION NO. 2000 -___
APPROVAL OF A COMMITMENT CHANGE
FOR THE STATE REVOLVING FUND (SRF) LOAN
FOR TREATMENT PLANT, STORAGE, AND DISPOSAL
IMPROVEMENTS
BODEGA BAY PUBLIC UTILITY DISTRICT (DISTRICT)
SRF LOAN PROJECT NO. C-06-4615-110
WHEREAS:
1.
On October 21, 1999, the State Water Resources Control Board approved a
preliminary loan commitment (per Resolution No. 99 - 096) of $1.9 million from
the State Fiscal Year (SFY) 2000 - 2001 SRF account to the District for the
construction of Wastewater Treatment Plant, Storage, and Disposal Improvements;
2. To
meet the District’s construction schedule, the funding source should be changed
to the SFY 1999-2000 account from the SFY 2000 - 2001 account; and
3. Sufficient
funds are available with the SFY 1999 - 2000 account.
THEREFORE BE IT
RESOLVED THAT:
The
State Water Resources Control Board approves the transfer of the preliminary
SRF loan commitment of $1.9 million from SFY 2000 – 2001 account to the SFY
1999 - 2000 account for the Bodega Bay Public Utility District for construction
of the Wastewater Treatment Plant, Storage, and Disposal Improvement Project,
with a repayment period of up to 20 years, and the first repayment due one year
after completion of construction.
CERTIFICATION
The
undersigned, Administrative Assistant to the Board, does hereby certify that
the foregoing is a full, true, and correct copy of a resolution duly and
regularly adopted at a meeting of the State Water Resources Control Board held
on March 15, 2000.
_______________________________
Maureen Marché
Administrative Assistant to the
Board