5159-26 Resolution Authorizing the City Controller as Signatory for the State Revolving Loan Program

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BILL NO. 26-02 RESOLUTION NO. 5159-2 6 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,AUTHORIZING THE CITY CONTROLLER AS SIGNATORY FOR THE STATE REVOLVING LOAN PROGRAM STATEMENT OF PURPOSE AND INTENT WHEREAS, the City of South Bend Water Works Utility of South Bend, Indiana, (the "Participant")has plans for a drinking water infrastructure improvement project to meet State and Federal regulations; and WHEREAS, the Participant intends to proceed with the construction of such project with the support of financing through a State Revolving Fund Loan("SRF Loan"); and WHEREAS, the Participant must designate a signatory for the SRF Loan to meet the requirements of the Indiana Finance Authority; and WHEREAS,the City Controller,Kyle Willis,is designated as the signatory and authorized representative of the Participant. NOW,THEREFORE,BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA as follows: SECTION I. Kyle Willis, City Controller, is hereby designated as an "Authorized Signatory"authorized to make application for a State Revolving Fund Loan("SRF Loan") and provide the SRF Loan Program such information, data and documents pertaining to the loan process as may be required and otherwise act as the authorized representative of the Participant. SECTION II. The Participant agrees to comply with State and Federal requirements as they pertain to the SRF Loan Program. SECTION III. Two certified copies of this Resolution shall be prepared and submitted as part of the Participant's Preliminary Engineering Report SECTION IV. That this Resolution shall be in full force and effect from and after its adoption by the Common Council. Canneth J. Le , ouncil President South Bend Common Council Attest: fittetui.a. v dfrui:k Bianca Tirado, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana on the 27th day of January , 2025, at 12 o'clock a.m. 1