HomeMy WebLinkAboutPR 20730: REGARDING TWDB PROJECT P. R. NO. 20730
Rt; 03/04/19
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
PROCEED WITH THE PREPARTION OF ALL DOCUMENTS
NECESSARY, FOR CITY COUNCIL CONSIDERATION AND
ACTION AT A LATER DATE, TO ISSUE CERTIFICATES OF
OBLIGATION, SERIES 2019, THROUGH THE TEXAS WATER
DEVELOPMENT BOARD IN AN APPROXIMATE AMOUNT OF
$56.13 MILLION FOR THE REHABILITATION OF THE MAIN
WASTEWATER TREATMENT PLANT
WHEREAS, the City of Port Arthur's main Wastewater Treatment Plant is in need of major
rehabilitation; and
WHEREAS, the City of Port Arthur has engaged Freese and Nichols to design the necessary
improvements to the Plant; and
WHEREAS, on September 25, 2018, the City Council adopted Resolution 18-385 authorizing
application be made to the Texas Water Development Board(TWDB) for funding assistance; and
WHEREAS, on December 19, 2018, the TWDB granted preliminary approval of up to $4.25
million in disadvantaged community funding,principal forgiveness; and
WHEREAS, on February 5, 2019 and March 19, 2019, city staff presented the City Council
information on the funding requirements and the debt service options available to accomplish this needed
project; and
WHEREAS, the TWDB is expected to approve the final Financial Commitment to the City of Port
Arthur at the April meeting of the Board.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PORT ARTHUR:
THAT the facts and opinions in the preamble are true and correct.
THAT the City Council does hereby direct the Interim City Manager to proceed with preparing all
documents necessary for Council consideration and approval to issue 20 year, Certificates of Obligation,
Series 2019, through the Texas Water Development Board, in the amount of approximately $56.13 million
for the purpose of rehabilitation of the Main Wastewater Treatment Plant.
THAT the City Council will consider, and potentially take action on an Ordinance to publish notice
of the Certificate of Obligation at a regular posted meeting in late 2019.
READ, ADOPTED, AND APPROVED, this day of March, 2019, AD, at a Regular
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
AYES: Mayor:
Councilmembers:
NOES:
Mayor
ATTEST:
Sherri Bellard, City Secretary
APPROVED AS TO FORM:
Wii //4r
Valecia Tizen , City Attorney
APPROVED FOR ADMINISTRATION:0T-y Robinson, Interim City Manager
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Rebecca Underhill, Assistant City Manager and Acting Director of Finance