(a) The City Administrator is hereby authorized and directed to prepare and submit all documents now or hereafter required to make application for and accept funds from the Ohio Water Pollution Control Loan Fund, to include, without limitation, all loan applications and repayment agreements deemed necessary or appropriate to such transactions.
(b) The dedicated source of repayment of all funds borrowed from the Water Pollution Control Loan Fund will be the Sewer Fund to include all existing cash balances in the Sewer Capital Improvement and Water Pollution Control funds and future revenues generated for deposit to said funds by the levy and collection of general rates and other charges collected from users of the municipal sewerage system.
(Ord. 6578. Passed 7-12-05.)