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RESOLUTION NO. 2023-094 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING THE REIMBURSEMENT OF <br />FUNDING FOR THE WELL 32 NITRATE TREATMENT AND <br />REHABILITATION PROJECT FROM THE STATE WATER <br />RESOURCES CONTROL BOARD <br />WHEREAS, the City of Santa Ana ("City") desires to finance the costs of <br />constructing and/or reconstructing certain public facilities and improvements relating to <br />its water and wastewater system, specifically the Well 32 Nitrate Treatment and <br />Rehabilitation Project ('Project'); and <br />WHEREAS, the City intends to finance the construction and/or reconstruction of <br />the Project or portions of the Project with moneys ("Project Funds") provided by the State <br />of California, acting by and through the State Water Resources Control Board ("State <br />Water Board"); and <br />WHEREAS, the State Water Board may fund the Project Funds with proceeds from <br />the sale of obligations the interest upon which is excluded from gross income for federal <br />income tax purposes (the "Obligations"); and <br />WHEREAS, prior to the issuance of the Obligations or the approval by the State <br />Water Board of the Project Funds, the City desires to incur certain capital expenditures <br />(the "Expenditures") with respect to the Project from available moneys of the City; and <br />WHEREAS, the City has determined that those moneys to be advanced on and <br />after the date hereof to pay the Expenditures are available only for a temporary period, <br />and it is necessary to reimburse the City for the Expenditures from the proceeds of the <br />Obligations. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa <br />Ana as follows: <br />Section 1. The City hereby states its intention and reasonably expects to <br />reimburse Expenditures paid prior to the issuance of the Obligations or the approval by <br />the State Water Board of the Project Funds. <br />Section 2. The reasonably expected maximum principal amount of the Project <br />Funds is $13,761,712. <br />Section 3. This Resolution is being adopted no later than 60 days after the date <br />on which the City will expend moneys for the construction portion of the Project costs to <br />be reimbursed with Project Funds. <br />Resolution No. 2023-094 <br />Page 1 of 3 <br />