HomeMy WebLinkAbout5728 RESOLUTION NO. 5728
A RESOLUTION WASHING O THE CITY COAUTHORIZ NG TUNCIL OF THE IHE
TY
OF AUBURN,
MAYOR TO EXECUTE AND ADMINISTER
WASHINGTON STATE PUBLIC WORKS TRUST FUND
LOAN DOCUMENTS TO FINANCE ROADWAY
IMPROVEMENTSTREEOTN SEUBURN WAY TO POPLAR SOUTH
STREE FROM
HEMLOCK SSE
(PROJECT CP1622)
WHEREAS, the City's Transportation Improvement Program (TIP) includes Project
CP1622, which is a project to construct roadway improvements on Auburn Way South
from Hemlock Street SE to Poplar Street SE (Project); and
WHEREAS, to finance the Project, the City has applied for a $3,000,000
competitive loan from the Washington State Public Works Board, to be repaid over 20
years with Traffic Impact Fees. The City anticipates that the Board will approve the City's
loan application; and
WHEREAS, it is in the best interest of the City to use Public Works Board loan
proceeds to finance the construction of the Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, HEREBY RESOLVES as follows:
Section 1. The Mayor is authorized to certify the City's Public Works Trust Fund
Loan application.
Section 2. The Mayor is authorized to execute and administer a loan agreement
between the City and the Washington State Public Works Board for a total of$3,000,000
or such other loan amounts authorized by the Washington State Public Works Board.
Resolution No. 5728
July 17, 2023
Page 1
Section 3. The Mayor is authorized to negotiate, enter, and administer
agreements to spend the loan funds for the Project, and to implement other administrative
procedures necessary to carry out the directives of this legislation.
Section 4. This Resolution shall take effect and be in full force upon passage and
signatures.
Dated and Signed this 17th day of July, 2023.
CITY OF AUBURN
,. II. .► 4 . 1106 ` . • ..T
NANCY191k;e KUS, MAYOR
ATTEST:
Shawn Campbe , City lerk
APPROVED AS TVIIV.
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City - _ . _.�
Resolution No. 5728
July 17, 2023
Page 2
Attachment - Applicant Certification
WHEREAS,City of Auburn is applying to the Washington State Public Works Board for a low-interest loan for an eligible project;and
WHEREAS,RCW 43.155.070 requires that applicants planning under RCW 36.70A.040 must have adopted comprehensive plans in
conformance with the requirements of chapter 36.70A RCW,and must have adopted development regulations in conformance with
requirements of chapter 36.70A RCW;and
WHEREAS,RCW 70A.205.055 requires a comprehensive Solid Waste Management Plan to be adopted by the city or county,and
WHEREAS,RCW 70.235.070 requires Greenhouse Gas Emission Reduction requirement;and
WHEREAS,RCW 43.155.070(8)requires that solid waste or recycling facility is consistent with and necessary to implement the comprehensive
solid waste management plan adopted by the city or county under chapter 70A.205.055 RCW.
WHEREAS,the applicant certifies that it has a currently adopted plan for each and every one of the systems it owns and operates and that
these plans fully conform to the specifics within this application;and
WHEREAS,RCW 43.155.070 requires that county and city applicants must have adopted the local optional one-quarter of one percent Real
Estate Excise Tax,as described in chapter 82.46 RCW;and
WHEREAS,the local government must be using all local revenue sources which are reasonably available for funding public works,taking into
consideration local employment and economic factors;and
WHEREAS,the applicant states that their Capital Facility Plan is consistent with the Comprehensive Land Use Plan of the jurisdiction in which
they provide service;and
WHEREAS,the local governing body has approved submission of this application to the Public Works Board;and
WHEREAS,the applicant certifies that,there is currently no litigation in existence seeking to enjoin the commencement or completion of the
above-described public facilities project or to enjoin the applicant from repaying the loan extended by the Public Works Board with respect to
such project.The applicant is not a party to litigation,which will materially affect its ability to repay such loan on the terms contained in the
loan agreement.
WHEREAS,the applicant recognizes and acknowledges that the information in the application forms is the only information,which will be
considered in the evaluation and/or rating process.Incomplete responses will result in a reduced chance of funding.In order to ensure
fairness to all,the Public Works Board does not accept any additional written materials or permit applicants to make presentations before the
Board;and
WHEREAS,it is necessary that certain conditions be met as part of the application process;and
WHEREAS,RCW 43.155.060(3)requires that the project will be advertised for competitive bids and administered according to standard local
procedure;and
WHEREAS,the loan will not exceed the maximum amount allowed by the Public Works Board of eligible costs incurred for the project;and
WHEREAS,any loan arising from this application constitutes a debt to be repaid,and Jamie Thomas/Director of Finance has reviewed and
concluded it has the necessary capacity to repay such a loan;and
WHEREAS,the information provided in this application is true and correct to the best of the government's belief and knowledge and it is
understood that the state may verify information,and that untruthful or misleading information may be cause for rejection of this application
or termination of any subsequent loan agreement(s);and
NOW THEREFORE,City of Auburn certifies that it meets these requirements,and further that it intends to enter into a loan agreement with the
Public Works Board,provided that the terms and conditions are satisfactory to both parties.
Signed: A _ • '�!. /!i
Name: •
•
Title: i
Date: J
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