HomeMy WebLinkAboutResolution 2022-014 Authorizing Town Staff to Apply for WIFA LoanMARANA RESOLUTION NO. 2022-014
RELATING TO UTILITIES; AUTHORIZING TOWN STAFF TO APPLY FOR A
DRINKING WATER REVOLVING FUND LOAN FROM THE WATER
INFRASTRUCTURE FINANCE AUTHORITY OF ARIZONA (WIFA) TO FUND
CONSTRUCTION COSTS FOR THE MARANA PARK RESERVOIR PROJECT
(WT046)
WHEREAS pursuant to the 2017 Water Infrastructure Improvement Plan, a
new reservoir at Marana Park (also known as Ora Mae Harn Park) must be
constructed in order to meet existing and future water demands in the North Marana
benefit area; and
WHEREAS construction of the reservoir is to be funded in part by the water
capital fund, in an amount up to $1,000,000, with the remainder of the project's
construction costs to be funded by development impact fees; and
WHEREAS the Marana Park Reservoir Project (WT046) has been 100%
designed and construction is scheduled to commence in fiscal year 2022; and
WHEREAS because the water capital fund cannot currently provide sufficient
funding for the project, the Town desires to apply for a loan through the Water
Infrastructure Finance Authority of Arizona (WIFA) in an amount not to exceed
$1,000,000; and
WHEREAS pursuant to A.R.S. § 9-571, the Town may obligate the revenues
generated by its Water Department and other revenues, including excise taxes,
otherwise authorized by law to be used to repay long-term obligations to repay a loan
from WIFA; and
WHEREAS the Town of Marana, located in Pima and Pinal Counties, certifies that
at the time of this request the population of the community is less than 150,000 as of the
most recent U.S. Census date which meets the requirement under A.R.S. § 9-571; and
WHEREAS the Mayor and Council of the Town of Marana find that it is in the
Town's best interest to pursue and apply for financial assistance from WIFA in
an amount not to exceed $1,000,000 to fund a portion of the construction costs for the
Marana Park Reservoir Project (WT046).
00079384.DOCX /2 Resolution No. 2022-014
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The Town Manager is hereby authorized to sign for and on behalf
of the Town of Marana all applications, agreements, and other documentation
necessary or beneficial for Drinking Water Revolving Fund financial assistance from
WIFA in an amount not to exceed $1,000,000 payable from revenues of the Marana
Water Department and other revenues, including excise taxes, otherwise authorized
by law to be used to repay long-term obligations, to cover construction costs for the
Marana Park Reservoir Project (WT046).
SECTION 2. All actions of the officers and agents of the Town of Marana
which conform to the purposes and intent of this resolution and which further
the completion of the actions as contemplated by this resolution, whether
heretofore or hereafter taken, are hereby ratified, confirmed and approved. The
proper officers and agents of the Town are hereby authorized and directed to do
all such acts and things and to execute and deliver all such WIFA application
documents on behalf of the Town and to conduct such procurement activities as
may be necessary to carry out the terms and intent of this resolution.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana,
Arizona, this 15th day of February 2022.
00079384.DOCX /2 Resolution No. 2022-014
Mayor Ed Honea
APPRO D AS TO FORM:
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J airall, Town Attorney