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HomeMy WebLinkAbout016-O-23 Authorizing the City Manager to Execute Documents Related to Funding of the 1909 Intake Replacement Project from the Illinois Environmental Protection Agency Public Water Supply Loan Program2/13/2023 16-O-23 AN ORDINANCE Authorizing the City Manager to Execute Documents Related to Funding of the 1909 Intake Replacement Project from the Illinois Environmental Protection Agency Public Water Supply Loan Program WHEREAS, the City of Evanston, in the County of Cook, Illinois (the “City”) operates its public water supply system (“the System”) and in accordance with the provisions of the provisions of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois and the Local Government Debt Reform Act, 30 ILCS 350/1 et seq. (collectively “the Act”); and WHEREAS, the Mayor and City Council of the City (the “Corporate Authorities”) have determined that it is advisable, necessary, and in the best interest of the public health, safety and welfare to improve the System including the following: Replace an existing 1909 intake in Lake Michigan that supplies raw water to the Evanston Water Plant, which involves abandoning the existing 1909 intake structure and pipeline, construction of a new replacement intake structure and pipeline, construction of new onshore facilities, and modifications to existing facilities to incorporate the new intake into the water treatment process at the Evanston Water Plant together with any land or rights in land and all electrical, mechanical or other services necessary, useful or advisable to the construction and installation (the “Project”), all in accordance with the plans and specifications prepared by the consulting engineers of the City, which Project has a useful life of 100 years; and WHEREAS,the estimated cost of constructing and installing the Project, including engineering, legal, financial, and other related expenses is Fifty Five Million ~1~ Page 1 of 4 Doc ID: 702260a87d5e4922e7061eedc9b59e1c57950d2a 16-O-23 ~2~ Six Hundred Sixty Five Thousand Nine Hundred Thirty Nine dollars ($55,665,939) and there are insufficient funds on hand and lawfully available to pay such costs; and WHEREAS, in accordance with the provisions of the Act and Ordinance 70-O-22, the City is authorized to borrow funds from the Public Water Supply Loan Program in the aggregate principal amount of Thirty Five Million Two Hundred Seventy Nine Thousand Nine Hundred Thirty Nine dollars ($35,279,939) to provide funds to pay the costs of the Project and; WHEREAS, the loan to the City has been made pursuant to a Loan Agreement, including certain terms and conditions between the City and the Illinois Environmental Protection Agency; NOW THEREFORE, BE IT ORDAINED BY THE CORPORATE AUTHORITIES OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS AS FOLLOWS: SECTION 1: The Corporate Authorities hereby find that the recitals contained in the preambles are true and correct, and incorporate them into this Ordinance by this reference. SECTION 2: The Corporate Authorities may adopt additional ordinances or proceedings supplementing or amending this Ordinance, providing for entering into the Loan Agreement with the Illinois Environmental Protection Agency, prescribing all the details of the Loan Agreement, and providing for the collection, segregation and distribution of the revenues of the System, so long as the maximum amount of the Loan Agreement as set forth in this Ordinance is not exceeded and there is no material change in the project or purposes described herein. Any additional ordinances or Page 2 of 4 Doc ID: 702260a87d5e4922e7061eedc9b59e1c57950d2a 16-O-23 ~3~ proceedings shall in all instances become effective in accordance with the Act or other applicable laws. This Ordinance, together with such additional ordinances or proceedings, shall constitute complete authority for entering into the Loan Agreement under applicable law. However, notwithstanding the above, the City may not adopt additional ordinances or amendments which provide for any substantive or material change in the scope and intent of this Ordinance, including but not limited to interest rate, preference or priority of any other ordinance with this Ordinance, parity of any other ordinance with this Ordinance, or otherwise alter or impair the obligation of the City to pay the principal and interest due to the Public Water Supply Loan Program without the written consent of the Illinois Environmental Protection Agency. SECTION 3: The City Manager or their designee is hereby authorized to execute any documents associated with the Agreement or future amendments, payment requests, reimbursements, or any other matters related to the Illinois Environmental Protection Agency in connection with this loan. SECTION 4: All ordinances, resolutions, orders, or parts thereof, which conflict with the provisions of this Ordinance, to the extent of such conflict, are hereby repealed. Page 3 of 4 Doc ID: 702260a87d5e4922e7061eedc9b59e1c57950d2a 16-O-23 ~4~ Attest: _______________________________ Stephanie Mendoza, City Clerk Approved as to form: _______________________________ Nicholas E. Cummings, Corporation Counsel Introduced: _________________, 2023 Adopted: ___________________, 2023 Approved: ________________________, 2023 _______________________________ Daniel Biss, Mayor February 13 February 13 Page 4 of 4 Doc ID: 702260a87d5e4922e7061eedc9b59e1c57950d2a February 14