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RESOLUTION 35-20
RESOLUTION35-20APPROVINGINTERGOVERNMENTALAGREEMENTSWITHTHEUNITEDSTATESDEPARTMENTOFAGRICULTUREFORGRANTFUNDINGANDLOANFINANCINGTOSUPPORTTHEGLACIERCREEKWATERTREATMENTPLANTSEDIMENTATIONBASINCONSTRUCTIONPROJECTWHEREAS,theTownactingbyandthroughitsWaterActivityEnterprisedesirestoenterintotheUSDAprojectfinancingagreementsupportingthecapitalconstructionofnewsedimentationbasinsattheGlacierCreekWaterTreatmentPlant,andWHEREAS,theUSDAprojectfinancingiscomposedofa$2,369,000grantplusa$7,675,00040-yearloanat1.375%interest,andWHEREAS,theprojectisrequiredtoensurehigh-quality,reliabledrinkingwaterserviceforthebenefitofourcitizens,guestsandemployees.NOW,THEREFORE,BEITRESOLVEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK,COLORADO:TheBoardapproves,andauthorizestheMayortosign,awaterandwastesystemgrantagreementandarequestforobligationoffunds,asreferencedinthetitleofthisresolution,insubstantiallytheformnowbeforetheBoard.DATEDthisc3dayofW.3ETOWNOFESTESPARKATTEST:ClerkAROVEDASTOFORM:TownAttorney