Subject: 21670/BondIssuance&Sale/$70,000,000 Date: Tue, 14 May 1996 10:26:37 -0500 RESOLUTION NO. 21670 A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF BONDS IN THE AGGREGATE AMOUNT NOT TO EXCEED SEVENTY MILLION DOLLARS ($70,000,000.00) OF THE CITY OF CHATTANOOGA, TENNESSEE FOR THE PURPOSE OF PAYING ALL OR A PORTION OF THE COSTS OF: COMPUTER HYDRAULIC MODEL; MOCCASIN BEND WASTEWATER TREATMENT PLANT (LIQUID FACILITIES) EXPANSION AND IMPROVEMENT; MOCCASIN BEND WWTP INFLUENT RELIEF PUMP STATION AND FORCE MAIN; MOCCASIN BEND WWTP OUTFALL DIFFUSER, MOCCASIN BEND WWTP PRETREATMENT/INFLOW AND INFILTRATION/SEWER MAINTENANCE BUILDINGS AND LAB RENOVATION; REGIONAL METERING STATION; OVERFLOW MONITORING/ALARM SYSTEM; COMBINED SEWER OVERFLOW FACILITY PLAN AMENDMENTS; RAIN AND RIVER GAUGES; CONTRACT CSO NO. 2 CENTRAL AVENUE CONTROL FACILITY; CONTRACT CSO NO. 3 WILLIAMS STREET CONTROL FACILITY; CONTRACT CSO NO. 3A 19TH STREET PUMP STATION UPGRADE; CONTRACT CSO NO. 4A CARTER STREET CONTROL FACILITIES; CONTRACT CSO NO. 4B 19TH STREET CONTROL FACILITIES; CONTRACT SR-3-95 23RD STREET CURED IN PLACE REHABILITATION; CONTRACT SR-2-96 BAILEY CURED IN PLACE REHABILITATION; CONTRACT CSO NO. 5 CITICO CREEK CONTROL FACILITY; NORTHWEST GEORGIA REGIONAL INTERCEPTOR SYSTEM; CONTRACT CSO NO. 6A & 6B 14TH STREET, 9TH STREET(M.L.K. BOULEVARD), & 6TH STREET CONTROL FACILITY; CONTRACT CSO NO. 7 TREMONT CONTROL FACILITY; CONTRACT CSO NO. 8 SEWER SEPARATIONS; COLLEGEDALE INTERCEPTOR AND PUMP STATION PURCHASE AND IMPROVEMENTS; CONTRACT 45A, HARRISON/CONNECTOR; CONTRACT 73D, LAKESHORE AREA SEWER; CONTRACT 99C, EMERGENCY SEWER REPAIRS; RIVERBANK PROTECTION OF SEWERS; CONTRACT 28F EP1 & EP2 PUMPS & SCREENS FOR INFLUENT RELIEF PUMP STATION & FORCE MAIN; CONTRACT 28G EP1 INFLUENT PUMPS, MOTORS AND SHAFTS; CONTRACT 28G EP2 FINE SCREENS; CONTRACT 28G EP3 SIPHON SLUDGE COLLECTION EQUIPMENT; CONTRACT 28G EP4 TEST MIXERS; PHASE IB CLOSURE, SUMMITT; RUN-ON DIVERSION PIPELINE, SUMMITT; HEAVY EQUIPMENT; FENCING, SUMMITT; PHASE II CLOSURE, SUMMITT; AREA IIB LINER, BIRCHWOOD; GARBAGE TRANSFER 0C Page 2 STATION; SUPPORT FACILITIES, ADMINISTRATION, MAINTENANCE AND SCALE BUILDINGS, TRUCK WASH, SCALES, BIRCHWOOD; MONITORING WELLS; PERSONNEL FACILITIES, NORTH HAWTHORNE; LEACHATE COLLECTION SYSTEM BIRCHWOOD; AND DRAINAGE PROJECTS, CITY-WIDE. ------------------------ WHEREAS, Sections 9-21-101 to 9-21-1017, both inclusive, Tennessee Code Annotated, authorize municipalities in the State of Tennessee to issue bonds for public works projects; and WHEREAS, Section 9-21-205 of said Code provides that before bonds may be issued the governing body of the municipality shall adopt a resolution known as the "INITIAL RESOLUTION" determining to issue such bonds: NOW, THEREFORE, be it resolved by the City Council of the City of Chattanooga, Tennessee, that pursuant to the provisions of Tennessee Code Annotated, referred to in the preamble hereof, there be issued and sold Bonds in the aggregate amount not to exceed Seventy Million Dollars ($70,000,000.00) of the City of Chattanooga, Tennessee for the purpose of paying all or a portion of the costs of: Computer Hydraulic Model; Moccasin Bend Wastewater Treatment Plant (Liquid Facilities) Expansion and Improvement; Moccasin Bend WWTP Influent Relief Pump Station and Force Main; Moccasin Bend WWTP Outfall Diffuser; Moccasin Bend WWTP Pretreatment/Inflow and Infiltration/Sewer Maintenance 0C Page 3 Buildings and Lab Renovation; Regional Metering Station; Overflow Monitoring/Alarm System; Combined Sewer Overflow Facility Plan Amendments; Rain and River Gauges; Contract CSO No. 2 Central Avenue Control Facility; Contract CSO No.3 Williams Street Control Facility; Contract CSO No. 3a 19th Street Pump Station Upgrade; Contract CSO No. 4a Carter Street Control Facilities; Contract CSO No. 4b 19th Street Control Facilities; Contract SR-3-95 23rd Street Cured In Place Rehabilitation; Contract SR-2-96 Bailey CIP Rehab; Contract CSO No. 5 Citico Creek Control Facility; Northwest Georgia Regional Interceptor System; Contract CSO No. 6a & 6b 14th Street, 9th Street (M.L.K. Boulevard) & 6th Street Control Facility; Contract CSO No. 7 Tremont Control Facility; Contract CSO No. 8 Sewer Separations; Collegedale Interceptor and Pump Station Purchase and Improvements; Contract 45a, Harrison/Connector; Contract 73D Lakeshore Area Sewer; Contract 99C, Emergency Sewer Repairs; Riverbank Protection of Sewers; Contract 28F EP1 & EP2 Pumps & Screens for Influent Relief Pump Station & Force Main; Contract 28G EP1 Influent Pumps, Motors and Shafts; Contract 28G EP2 Fine Screens; Contract 28G EP3 Siphon Sludge Collection Equipment; Contract 28G EP4 Test Mixers; Phase IB Closure, Summitt; Run-off Diversion Pipeline, Summitt; Heavy Equipment; Fencing, Summitt; Phase II Closure, Summitt; Area IIB Liner, Birchwood; Garbage Transfer Station; Support Facilities, 0C Page 4 Administration, Maintenance and Scale Buildings, Truck Wash, Scales, Birchwood; Monitoring Wells; Personnel Facilities, North Hawthorne; Leachate Collection System, Birchwood; and Drainage Projects, City-Wide, said bonds shall bear interest at such rate or rates not to exceed the rate or rates prescribed by law payable semiannually and shall be payable exclusively from taxes and shall be issued at the time or times and bear such date or dates and mature at such times as may hereafter be determined by resolution. This resolution also contemplates and authorizes the use of proceeds of any bonds hereafter issued by the City for the purposes described herein to be used to reimburse the City for any costs incurred on or after (a date 60 days prior to adoption of this resolution) and, in addition, de minimis amounts incurred before that date and amounts not exceeding 20 percent of the adjusted issue price of the bonds which are expended for preliminary expenditures, within the meaning of Treasury Regulation Section 1.150-2, all of which costs are incurred or to be incurred with respect to projects referred to in this resolution. ADOPTED: February 3, 1998