Town Council

Agenda — 3 items

1. Appoval of Resolution 25-14 Wastewater Treatment Plant F-550 Vehicle Purchase
2. Ordinance 25-07 Authorization of General Obligation Bonds Evidencing USDA Loans for Sewer System Project One (2nd Reading; For Consideration of Adoption)AN ORDINANCE concerning Authorization of General Obligation Bonds Evidencing USDA Loans for Sewer System Project OneFOR the purpose of authorizing and empowering Town of La Plata (the “Town”) to issue and sell to the United States of America, acting through the United States Department of Agriculture (“USDA”), upon the Town’s full faith and credit, two separate general obligation installment bonds, one in original principal amount not to exceed Four Million Eight Hundred Forty-Two Thousand Dollars ($4,842,000) and the other in original principal amount not to exceed Two Million Seven Hundred Twenty Thousand Dollars ($2,720,000), pursuant to the authority described herein, for the public purpose of financing, reimbursing and/or refinancing all or a portion of the costs of activities relating to a sewer system improvement project generally referred to as “Project One” and related costs, as further described herein; providing that each bond shall be sold at private sale without advertising or publication of notice of sale or solicitation of competitive bids in a direct purchase transaction to the United States of America; determining or providing for certain details of the bonds; providing that the Council of the Town (the “Council”) by resolution shall determine or provide for other details of the bonds; acknowledging and confirming the provisions of certain resolutions to be adopted by the Council as required by USDA; covenanting to comply with a certain letter of conditions issued by USDA, as amended, unless any provision thereof is waived or modified; providing that any such bond will be payable in the first instance from sewage treatment plant and sanitary sewerage system revenues, including (without limitation) revenues for use of or connection to such plant and system, to the extent lawfully available for such purpose; providing for the imposition and collection of ad valorem taxes sufficient for the payment of debt service on the bonds; providing that the full faith and credit and unlimited taxing power of the Town are pledged to the payment of debt service on the bonds; providing that debt service on the bonds may be payable from other sources legally available for that purpose; authorizing certain officials to take certain actions in connection with the bonds; authorizing modifications of the bonds and related documentation to be provided for by resolution; overriding any inconsistent provision of the Town’s debt policy; providing that the provisions of this Ordinance shall be liberally construed; and generally relating to the issuance, sale, delivery and payment of and for the bonds.
3. Call to Order<br><br>Attendees, please use meeting courtesy. Virtual attendees are asked to mute microphones when joining the meeting. Participants may be muted by the Town Clerk and meetings will be recorded.In accordance with the Open Meetings Act, the public has the right to view/listen to the discussion only. At their discretion, the Town Council may allow participants to voice questions or provide comments on the topics under discussion. Written comments may be submitted via email to Legislative@townoflaplata.org. Individuals wishing to address the Town Council may sign up in advance on the Town's website (Public Communications) or on the meeting sign-up sheet.Join on your computer, mobile app, or room device.Join the meeting nowMeeting ID: 240 806 147 692Passcode: 2T5Bm6FQ

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