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RES NO 08-07-2025 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO.%dCL_-7-2025 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 28TH STREET INTERCEPTOR SEWER IMPROVEMENTS,PHASE 1 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 1,180 linear-feet of 24-inch sanitary sewer line and the installation of approximately 340 linear-feet of 36-inch steel encasement by dry bore method (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 $4,430,000 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 WHE OF,the C'ty of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of�for and against, the foregoing Resolution at its regular meeting held on the 25'h day of August 2025. CG\0, sJose P. H sMayren ATTESTED: APPR�FORM:a� -- Shawnna Reyno s 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, Chairm ATTEST: a Kathy Geppert,Administrative Assistant CITY OF VAN BUREN MUNICIPAL UTILITIES VAN BUREN, ARKANSAS 28TH STREET INTERCEPTOR SEWER - PHASE 1 JEEID C7 PROJECT LOCATION VAN BUREN SHEET INDEX MUNICIPAL UTILITIES COMMISSION 1. COVER SHEET,VICINITY IMP,AND SHEET INDEX ,:.. TODDYOUNG CHAIRMAN .��• f '/ ]. GENERAL CONSTRUCTION NOTES,LEGEND.CONTROL POINT TABLE AND LOCATION MAP lIM NAll1AMSON COMMISSIONER "�•`^�'�l^ _ 3. PLAN AND PROFILE STA 1a00TOSTA5a IV ,ysAa��,.� f/ j K KEffH HEFNER COMMISSIONER 4. PLAN AND PROFILE STA S+W TO STA 9W0 7RACY BURSA COMMISSIONER S. PLAN AND PROFILE STA 9 OTO STA 1276 END BLAINE BELL COMMISSIONER / 1' �'!,� I 6. MISCELLANEOUS DETAILS E STEVE DUFRESNE DIRECTOR OF UITTIES fl\��— ,��� 7. MISCELLANEOUS DETAILS II M.SEAM BRISTER ATTORNEY B. EROSION CONTROL DETAILS r� "�'� 11 2 j % C.IARRY WFJR,RE ENGINEER PROJECT VICINITY MAP F ,.ss9 s PROJECT NO. 2025036 JULY 2025 HAWKINS)WEIR a FNGI N E E R S, I N C. m H,wLin:.weo-Erginaen,lnc. uu - .. '� y 'IICtNSLO � ra�.s Yrwrrs,�.r+wa,uas.r.a tln 6vo,VtaT956 Fm A�iJ,AR T.901 F FE MLIIu Bud,9me lm ill NsnN RawmUn. �MN�'N g o d.>....._,.r.,...._,w..+v (,m)a]il'_'_] I(a]4,N_ I(�,;,ftt�T_Xls I LWe twk AN T_IUS � •.!•Lt�l!� _ dm•sa.w�r.. www�hawklns- welr.com 2025036 SHEET 1 OF