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RES NO 08-04-2025 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO.�� - 0 -2025 BE IT ENACTED BY THE CITY COUNCIL,FOR THE CITY OF VAN BUREN,ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION OF INTENT REGARDING THE CITY OF VAN BUREN MUNICIPAL UTILITIES PARKVIEW DRIVE / WOODROW STREET SEWER IMPROVEMENT PROJECT. WHEREAS, the City of Van Buren,_ Arkansas (the "City"), through the City of Van Buren Municipal Utilities Commission(the"Commission")proposes to acquire,construct and equip improvements to the proposed facilities of its sewer system (the "System"), including particularly, without limitation, the construction of approximately 2,310 linear-feet of 12-inch sewer line and 580 linear-feet of 18-inch sewer line, and the installation of 24-inch and 30-inch steel encasements by dry bore (the "Project"); and WHEREAS, the City proposes to obtain funds to accomplish the Project from the proceeds of water and sewer revenue bonds (the 'Bonds") to be issued by the City in the maximum aggregate principal amount of $3,435,000 and purchased in multiple advances by the Arkansas Development Finance Authority ("ADFA") as a part of the Clean Water State Revolving Loan Fund Program administered by the Arkansas Natural Resources Commission(the "Program"); and WHEREAS, the purchase price for the Bonds will be paid from proceeds of bonds issued by ADFA or other federal or state funds made available by the Program; and WHEREAS, the purpose of this Resolution is for the City and Commission to declare its"official intent" for the reimbursement of certain expenditures, within the meaning of Regulation Section 1.150-2 promulgated by the United States Treasury Department (the "Regulation"); NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,ARKANSAS,THAT: SECTION 1. The City hereby expresses its official intent to authorize the Commission to advance its own funds to pay costs of the Project, from the Sewer Capital Improvement Fund, prior to the issuance of the Bonds and to reimburse itself from proceeds of the Bonds. This Resolution shall be considered an "official intent" for purposes of the Regulation. SECTION 2. The City expects that, but does not limit, the sources of funds to be advanced for the Project prior to issuance of the Bonds will be System revenues. SECTION 3. A copy of this Resolution shall be filed in the official records of the City in the office of the City Clerk within ten(10) days from the adoption hereof. IN TESTIMONY WHEREOF,the Ciy of Van Buren,Arkansas,by its City Council,did pass, approve, and adopt, by a vote of( for and5L against, the foregoing Resolution at its regular meeting held on the 25'day of August 2025. G\etk Tress Jose:K P. Hu t City of Van Buren Ma or ATTEST �`Dy APP E ORM: ac oracounly, Shawnna Reynolds well City Clerk/Treasurer City Attorney 2 RESOLUTION 8-19-1 A RESOLUTION RECOMMENDING THAT THE MAYOR AND CITY COUNCIL OF THE CITY OF VAN BUREN,ARKANSAS AUTHORIZE THE CITY OF VAN BUREN MUNICIPAL UTILITIES COMMISSION TO PROCEED WITH RESOLUTIONS) OF INTENT REGARDING THE PARKVIEW DRIVE-WOODROW SEWER IMPROVEMENT, 28TH STREET INTERCEPTOR SEWER IMPROVEMENT,DOWNTOWN WATER SYSTEM IMPROVEMENTS,AND 2025-2026 TANK REHAB AND RECOATING PROJECTS WHEREAS,the City of Van Buren,Arkansas(City), owns a water works system and a wastewater collection and treatment system,both operated,maintained, and administered by the City of Van Buren Municipal Utilities Commission (Commission)pursuant to Ordinance 9-1965, and WHEREAS,The City and Commission have been approved to receive loans from the Arkansas Department of Agriculture,Natural Resource Division for needed improvements to the City of Van Buren Public Water and Sewer System, and, WHEREAS,Procuring the loans for the improvements are absolutely necessary for the public good and benefit in order to maintain the proper operation of the City's Public Water System. NOW,THEREFORE,BE IT RESOLVED BY THE CITY OF VAN BUREN MUNICIPAL UTILITIES COMMISSION,THAT: The Commission hereby recommends that the City Council approve the attached Resolution(s) of Intent to authorize the Commission to advance funds from the City of Van Buren Municipal Utilities' Water and Sewer Capital Improvement Funds to pay the cost of the Projects prior to the issuance of the Bonds and to reimburse the funds from the proceeds of the Bonds. PASSED this 19th day of August 2025. Young, Chairma ATTEST: (i Kathy Geppeit,Administrative Assistant VAN BUREN MUNICIPAL UTILITIES PARKVIEW DRIVE/WOODROW STREET SEWER LINE IMPROVEMENTS PROJECT NO . 2023018 JULY 2025 If G7 dry` a IaAa ! j Irr VAN BUREN �" INDEX „" MUNICIPAL UTILITIES COMMISSION -� mI ' (/ — L COVER SHEET 5 I-i �, f� 2. GENERAL CONSTRUCTION NOTE,LEGEND,CONTROL POINT TABLE,AND LOCATION YAP TODD YOUNG CHAIRMAN `- a "I�d I, 3 SANITARY SEWER LINE 1 PLAN AND PROFILE STA 0+00 TO STA 6+00 ' IIY WIIIIA1L90N CO1II99IONER EEITH EFTNER COMMISSIONER 4. SANITARY SEWER LINE 1 PLAN AND PROFILE STA 5+00 TO STA 8+00 TRACY BURBA GOlOd59IONER 5. SANITARY SEWER LINE 1 PLAN AND PROFILE STA 8+00 TO STA 13+00 ' 8. SANITARY SEWER LINE 1 PLAN AND PROFILE STA 13+00 TO STA 18+DO BLAINE BELL COMIOSSIONER \'tip.,,,,,• �" ( '6' 0 STEW DUFRFSNE DIRECTOR OF ITNITI9.9 (p}@ 7. SANITARY SEWER LINE 1 PLAN AND PROFILE STA 18+00 TO STA 22+00 C i p e. SANIT IL 9EAN BRL9TER ATTORNEY ARY SERER LINE 1 PLAN AND PROFILE STA 22+00 TO STA 28+43 END " �,_. 4T 9. SANITARY SEWER LINE 2 PLAN AND PROFILE STA 0+00 TO STA 2+31 END C.LARRY WEIR.P. ENGINEER y ��/�'� 10. 1ISCELLANEDUS DETAILS I h B ' �t� :1, IUSCEII.ANEOUS DETAILS I 2 EROSION CONTROL DETAILS 13. 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