434 DOE SRL SEWER BOND REFI
City of Yelm
Resolution No. 434
A RESOLUTION AUTHORIZING THE CITY OF YELM TO RECEIVE A
STATE REVOLVING FUND (SRF) LOAN.
WHEREAS, the Department of Ecology, a Washington State Agency, has
established a State Revolving Fund (SRF) for providing financial assistance for
the construction of water pollution control facilities; and
WHEREAS, the City of Yelm desires to participate in a loan from said
SRF; to refinance Sewer Revenue Bonds issued in 1994 ($1,827,500) to reduce
interest from 4.5 %to 1.5 0/0; and
WHEREAS, a requirement to participate requires a resolution of the
governing body authorizing the City of Yelm to receive a SRF loan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF YELM AS
FOllOWS:
Section 1. The City of Yelm desires to participate in the SRF Loan
Program.
Section 2. The city council of the City of Yelm does hereby authorize
the City of Yelm to receive a SRF Loan and to take such other actions as are
necessary and relevant to the SRF Loan Program.
ADOPTED by the city council of the City of Yelm, Washington, at its
regular meeting on March 12,2003.
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CitY of\)'elm ..~
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Adam Rivas, Mayor
ATTEST:
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