WHEREAS:

1. There are six projects that are scheduled to go to construction this Summer and not enough State Revolving Funds are available;

2. On February 20, 1997, the State Water Resources Control Board (SWRCB) committed $50 million of State Revolving Funds (SRF) to the City and County of San Francisco (City) for the construction of Rankin Street Pump Station and Southeast Water Pollution Control Plant Improvements, Contracts "4" & "5" and Islais Creek Transport and Storage Facilities, Contracts "B" & "E";

3. The section which gave the City officials the authority to request and accept loans was inadvertently dropped while the City Charter was being reformed;

4. The City has been unable to sign loan contracts for the $50 million commitment with the SWRCB; and

5. The City will not be ready to sign new loan contracts until the voters in San Francisco have amended the City Charter and have given that authority back to the City.

THEREFORE BE IT RESOLVED THAT:

The State Water Resources Control Board rescinds the preliminary loan commitment of $50 million made to the City and County of San Francisco in Resolution No. 97-010, and makes the funds available for only projects that are ready to start construction by September 30, 1998. The SWRCB will recommit the loan funding when the City is ready to sign loan contracts if funds are available.

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 April 16, 1998.

/s/

Maureen Marché

Administrative Assistant to the Board