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; and

2. The SWRCB has approved the Treatment Plant No. 2 Upgrade and Expansion project for the City of Bakersfield with an estimated eligible cost of $16.7 million and provided $6.7 million in loan funds per SWRCB Resolution No. 97-012 from the SRF loan account.

THEREFORE BE IT RESOLVED THAT:

The State Water Resources Control Board

1. Approves a SRF loan of an additional $10 million, for a combined total SRF loan amount of $16.7 million, to the City of Bakersfield for construction of the Treatment Plant No. 2 Upgrade and Expansion project, with a repayment period of twenty (20) years, and the first repayment due one (1) year after completion of construction; and

2. Will withdraw this preliminary SRF loan commitment if biddable plans and specifica-tions are not submitted to the Division of Clean Water Programs by October 1, 1997. The Division may approve up to a ninety (90) day extension for good cause.

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 July 17, 1997.

/s/____________________________________

Maureen Marché

Administrative Assistant to the Board