City Council Resolution 2015-31CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION N0.2015 -031
RESOLUTION AUTHORIZING APPLICATION TO MINNESOTA PUBLIC
FA�ILIIES AUTHORITY FOR A LOAN FROM THE CLEAN WATER
FUND/DRINKING REVOLVING FUND FOR IMPROVEMENTS TO THE
DRINKING WATER SYSTEM/MUNICIPAL WASTEWATER TREATMENT
SYSTEM
BE IT RESOLVED, that the City of Monticello is hereby applying to the Minnesota
Public Facilities Authority for a loan from the Clean Water Revolving Fund/Drinking
Revolving Fund for improvements to its drinking water system /municipal wastewater
treatment system as described in the loan application.
BE IT FURTHER RESOLVED, that the City of Monticello estimates the loan amount
to be $2,982,000.00 or the as -bid cost of the project.
BE IT FURTHER RESOLVED, that the City of Monticello has the legal authority to
apply for the loan, and the financial, technical, and managerial capacity to repay the loan
and ensure proper construction, operation and maintenance of the project for its design
life.
I CERTIFY THAT the above resolution was adopted by the Monticello City Council on
April 13`", 2015.
CITY OF MONTICELLO
��
Brian Stumpf, Mayor '
ATTEST:
Marie einand, City Clerk