398.97
RESOLUTION AUTHORIZING NEW YORK DRINKING WATER STATE
REVOLVING FUND (DWSRF) APPLICATION AND
PROJECT FINANCING AND LOAN AGREEMENT
RESOLUTION NO.: 397.97
INTRODUCED BY: Mrs. Betty Monahan
WHO MOVED FOR ITS ADOPTION
SECONDED BY: Mrs. Connie Goedert
WHEREAS, the Town of Queensbury herein called the "Borrower,"
after thorough consideration of the various aspects of the problems
and study of available data, has hereby determined that the project
generally described as the West Glens Falls Water district
improvements - cleaning, lining and replacement of 4" cip,
metering, and identified as DWSRF Project Number(s) 15798, herein
called the "Project," is desirable and in the public interest, and
to that end it is necessary that action preliminary to the
construction of said Project be taken immediately, and
WHEREAS, the United States, pursuant to Title XIV of the
Public Health Service Act (commonly known as the "Safe Drinking
Water Act"), 42 U.S.C.§§300f, et seq., as amended (the "Act"),
requires each State to establish a drinking water revolving fund to
be administered by an instrumentality of the state before the state
may receive capitalization grants under the Act; and
WHEREAS, the State of New York has, pursuant to Chapter 413 of
the Laws of 1996 (the "DWSRF Act") established in the custody of
the New York State Environmental Facilities Corporation (the
"Corporation") a drinking water revolving fund (the "Fund") to be
used for purposes of the Act, and
WHEREAS, the Corporation has been created, reconstituted and
continued pursuant to the New York State Environmental Facilities
Corporation Act, as amended, being Chapter 744 of the Laws of 1970,
as amended, and constituting Title 12 of Article 5 of the Public
Authorities Law and Chapter 43-A of the Consolidated Laws of the
State of New York, and constitutes a public benefit corporation
under the laws of the State of New York, being a body corporate and
politic with full and lawful power and authority to provide
financial assistance from the Fund, and
WHEREAS, the Corporation has the responsibility to administer
the Fund and to provide financial assistance from the Fund to
recipients for eligible projects, as provided in the DWSRF Act, and
WHEREAS, the DWSRF Act authorizes the establishment of a
program for financial assistance for planning, design and
construction of eligible projects,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
finds as follows:
1. The filing of an application for DWSRF assistance in the
form required by the Corporation in conformity with the DWSRF Act
is hereby authorized, including all understandings and assurances
contained in said application.
2. The Town Supervisor, as Chief Fiscal Officer, is hereby
authorized and directed as the official representative of the
Borrower to execute and deliver an application for DWSRF
assistance, to execute and deliver the Project Financing and Loan
Agreement and any other documents necessary to receive financial
assistance from the Fund for the Project, to act in connection with
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the Project and to provide such additional information as may be
required and to make such agreements on behalf of the Borrower as
may be required.
3. The Town Supervisor is hereby authorized and directed to
make application for financial assistance under the DWSRF Program.
4. The Town Supervisor is hereby authorized and directed to
forward one (1) certified copy of this Resolution to the New York
State Environmental Facilities Corporation, 50 Wolf Road, Room 508,
Albany, New York 12205-2603.
5. This Resolution shall take effect immediately.
Duly adopted this 20th day of October, 1997 by the following
vote:
AYES : Mrs. Monahan, Mr. Turner, Mrs. Goedert Mr. Champagne
NOES : None
ABSENT: Mrs. Pulver
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