STATE WATER RESOURCES CONTROL BOARD

RESOLUTION NO. 97-022

APPROVAL OF A STATE REVOLVING FUND FOR THE CITY OF RIVERSIDE

RIVERSIDE REGIONAL WATER QUALITY CONTROL PLANT

BACKUP POWER PROJECT, STATE REVOLVING FUND LOAN

PROJECT NO. C-06-4331-120

WHEREAS:

1. The State Water Resources Control Board, on February 16, 1995 adopted the "Policy for Implementing the State Revolving Fund (SRF) for Construction of Wastewater Treatment Facilities", and amended it on January 18, 1996;

2. The State Water Resources Control Board, on September 19, 1996, adopted the FFY 1997 SRF Loan Program Priority List which included the City of Riverside, Riverside Regional Water Quality Control Plant, Backup Power Project in Priority Class C;

3. The Division of Clean Water Programs has approved the project report, environmental documents, draft revenue program, and water conservation plan for the City=s Backup Power project;

4. The City adopted a Mitigated Negative Declaration (State Clearinghouse No. 96051002) prepared for the project which has been reviewed and considered and it has been determined that the project will not result in any significant environmental impacts; and

5. The City Council of the City of Riverside adopted a resolution committing to provide the State funding match equal to 16.667 percent of the total eligible project costs to qualify for a zero percent interest SRF loan.

THEREFORE BE IT RESOLVED THAT:

The State Water Resources Control Board approves a zero percent interest SRF loan of $4.3 million to the City of Riverside for the construction of the Backup Power Project at the Riverside Regional Water Quality Control Plant, with the following provisions:

a) the repayment period is twenty (20) years;

b) the first repayment is due one (1) year after completion of construction; and

c) this preliminary loan commitment will expire if biddable plans and specifications are not received by June 30, 1997, unless the Division approves a ninety (90) day extension for good cause.

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 20, 1997.

/s/

Maureen Marche

Administrative Assistant to the Board