HomeMy WebLinkAbout2005-05RESOLUTION NO.- 2005-05
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH
DECLARING THE OFFICIAL INTENT TO REIMBURSE EXPENDITURES
FROM THE PROCEEDS OF TAX EXEMPT SECURITIES - WATER FACILITIES
WHEREAS, the City Council of the City of Ukiah desires to finance the construction and
acquisition of the facilities described in detail below (collectively "the Project"); and
and
WHEREAS, the City will be expending funds for the constrUction and acquisition of the Project;
WHEREAS, the City reasonably expects to reimburse such expenditures by authorizing the sale
and delivery of one or more series of obligations, as described below:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ukiah that:
1. This Resolution is a declaration of official intent to reimburse expenditures pursuant to Treasury
Regulations Section 1.150-2. -
,
The City desires to finance the construction and acquisition of the Project, consisting of
improvements to the City's water.facilities, as generally described in Exhibit "A", which is hereby
incorporated by reference herein.
.
The City reasonably expects to reimburse the expenditures through the sale and delivery of one
or more series of obligations (the "Obligations"), the interest component which is excludable
from gross income under Section 103 of the Internal Revenue Code. The maximum principal
amount of Obligations expected to be issued for the Project is $12,000,000.
.
The reimbursement allocation to be made with respect to the expenditures will occur not later
than eighteen (18) months after the later of a) the date.on which the expenditure is made or b)
the date on whiCh the Project is placed in service, but in no event more than three years after
the expenditure is paid.
5. This Resolution expresses the City's expectations as of this date with respect to the financing of
the construction and acquisition of the Project. Future events or extraordinary circumstances
beyond the control of the City may result in the Project being financed in a manner other than as
described in this Resolution, and nothing contained herein constitutes an irrevocable
commitment by the City to issue the Obligations.
PASSED AND ADOPTED this 21st day of July 2004 by the following roll call vote:
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
Councilmembers Rodin, Andersen, Smith, Baldwin, and Mayor Larson
Eric Larson,
ATTEST:
Marie Ulvila, Deputy City Clerk
Resolution No. 2005-05
Page 1 of I
Resolution 2005-05 Attachment "A"
Water Facilities Project
The Project consists of constructing additional water storage tanks to increase the City's
water storage capacity by 3.3 million gallons, installing two additional treatment modules
in the City's water treatment plant, each module capable of treating up to 3 MGD,
installing additional and rebuilding pumps, and other associated improvements.
The new components and facility improvements required to bring the treatment plan into
compliance with State of California Public Health Standards and provide a safe and
reliable water supply to residents of Ukiah have been defined in detail in the Predesign
Report submitted by SPH Associates.
1. Storage Tanks
a. Two with 1.5 million gallon capacity.
b. One with .3 million gallon capacity.
· 2. Treatment Plant
a. One new 2,800 gpm raw water pump
b. Rebuild two existing raw water pumps
c. Two, 3 mgd capacity Trident modular treatment units
d. New filtered water transfer pumps
e. Chlorine gas containment system' improvements
f. Building addition with laboratory
g. SCADA based control and instrumentation improvements
h. Potassium permanganate raw water feed system
i. New Clarified backwash water return pump
j. Numerous plant chemical and electrical facility improvements
3. High Service Pump Station
a. Three 350 HP, 2,800 gpm finished water pumps
b. Pre-engineered 1,950 square foot building
c. 1200 kw generator
d. Supporting mechanical, electrical and control features