1971-11 (Extending Water Main)R E S O L U T I O N
WHEREAS, the City of Okeechobee has authorized and is
undertaking a $400,000.00 waterworks improvement project, and
,';applied on January 26, 1971, to the Farmers Home Administration
for loan funds for the full required financing; and
WHEREAS, the City has informed the Farmers Home Adminis-
tration that it has set aside $210,000.00 of currently available
funds for the future construction of a new 16" water transmission
main from the water plant to the city limit; and
WHEREAS, by letter dated November 16, 1971, the Farmers
Home Administration agrees to further process the $400,000.00
loan to the City upon the express condition that the City agree
to pay to Farmers Home Administration this $210,000.00 on its
loan if construction on the 16" main has not started within two
years; and
WHEREAS, the City desires to further assure the Farmers
Home Administration by Resolution of its intention to apply its
$2103,000.00 to the construction of said 16" main to the extent
that it will agree to start construction within two years; and
WHEREAS, the immediate further processing of the loan
application is in the best interest of the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OKEECHOBEE, FLORIDA:
That the City will commence construction of a 16" water
transmission main connecting the plant to the city limit within
two years from this date; and
That in default of such commencement the City shall pay
to Farmers Home Administration upon its loan the sum of $210,000.0(
two years after date, upon demand.
PASSED AND ADOPTED this 7the day of December, 1971.
ATTEST:
City Clerk
STATE OF FLORIDA )
ss.
CITY OF OKEECHOBEE )
President, City Council
I, Lorena Spivey, City Clerk of the City of Okeechobee,
State of Florida, do hereby certify that the foregoing Resolution,
was duly passed and adopted by the City Council of said city,
signed by the President of the City Council, and attested by the
Clerk of said city, all at a regular meeting of said City Council,
held on the 7th day of December, 1971, by the following vote:
Ayes: Councilmen: Donald L. Burk
Charles L. Breland
Russell V. Domer
Edward W. Douglas
E. H. Hunt
Noes: None
Absent: None
Lorena Spivey, C rk �'!
(SEAL) Y
L) Cit of Okeechobee Flo