Laserfiche WebLink
<br />3. Create a reserve account to secure the loan agreement, deposit sewer system <br />revenues into the reserve account in the amounts specified in the loan agreement, and <br />covenant to maintain a minimum balance in the reserve account from sewer revenues; <br /> <br />4. Covenant to charge rates and fees in connection with its sewage treatment and <br />collection facilities which generate net revenues at least equal to the levels specified in the <br />loan agreement; <br /> <br />5. Enter into covenants to protect the tax-exempt status of interest payable under <br />the loan agreement; <br /> <br />6. Enter into any other agreements and make any other covenants which the DEQ <br />requires from the City to obtain financing for the Project from the Water Pollution Control <br />Revolving Fund, execute and deliver any certificates or other documents, and take any other <br />action which the City Official determines is desirable in order to obtain financing for the <br />Project from the Water Pollution Control Revolving Fund. <br /> <br />The foregoing Resolution adopted by the City Council of the City of Eugene, Lane County, <br />Oregon on the J.- ~~ay of November, 1997. <br /> <br />fr-t?-fr . <br />City Rec2~~ <br /> <br />Page 2- Resolution <br /> <br />J:\HWR\CmES\EUGENE\SRF\i&ilnres.docJ <br />