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R-1061-11-91RESOLUTION NO. 1061-11-91(R) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, DIRECTING CITY STAFF TO MAKE APPLICATION TO THE TEXAS WATER DEVELOPMENT BOARD FOR FUNDING THROUGH THE STATE REVOLVING FUND FOR CERTAIN WATER AND SEWER PROJECTS AND TO ENGAGE A CONSULTING ENGINEER AND FINANCIAL ADVISOR AS REQUIRED TO MAKE SAID APPLICATION. WHEREAS, the City of Allen has certain water and sewer projects that need to be constructed to insure proper development, adequate capacity and efficiency of the water and sewer systems; WHEREAS, the Texas Water Development Board has funds available through the State Revolving Fund at better interest rates than are available through the sale of bonds by the City. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS THAT: The City Council direct City Staff to engage a consulting engineer and financial advisor to proceed with the application to the Texas Water Development Board for funding and upon approval of funding the design of certain water and sewer projects to be completed as soon as possible. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS 7th DAY OF November , 1991. 0 APPROVED: ATTEST: Jud Mo on, City Secretary 1 Farmer, MAYOR