RESOLUTION

 

A RESOLUTION AUTHORIZING A LOAN OF UP TO $20,000 TO THE

FAUQUIER COUNTY WATER & SANITATION AUTHORITY FOR

REPAIRS TO THE MARSHALL WATER WORKS SYSTEM

 

WHEREAS, in fulfillment of its obligation to operate the Marshall Water Works System, the Fauquier County Water & Sanitation Authority has determined that the system is in need of repairs; and

 

WHEREAS, the Fauquier County Water & Sanitation Authority has expressed its concern that the failure to make said repairs may result in a failure of all or part of the water works system; and

 

WHEREAS, the Fauquier County Water & Sanitation Authority has stated that it is unable to obtain authorization from Marshall Water Works II, Inc. to complete the necessary repairs; and

 

WHEREAS, the Fauquier County Water & Sanitation Authority has requested that the Fauquier County Board of Supervisors consider a loan of up to $20,000 to the Fauquier County Water & Sanitation Authority to make necessary repairs to the Marshall Water Works System if the Fauquier County Water & Sanitation Authority is unable to obtain authorization from Marshall Water Works II, Inc. to make said repairs; now, therefore, be it

 

RESOLVED by the Fauquier County Board of Supervisors this 13th day of October 2005, That a loan of up to $20,000 to the Fauquier County Water & Sanitation Authority be, and is hereby, authorized subject to the following terms and conditions:

 

1)                  That such monies shall be spent only for necessary emergency repairs to the Marshall Water Works System to prevent the full or partial failure of the provision of water to the residents of the Marshall Service District.

 

2)                  That such monies shall only be expended if the Fauquier County Water & Sanitation Authority is unable to obtain timely authorization from Marshall Water Works II, Inc. to make the repairs.

 

3)                  That such funding shall be re-paid to the County upon the successful completion of the acquisition of the Marshall Water Works System by the Fauquier County Water & Sanitation Authority

; and, be it

 

            RESOLVED FURTHER, That $20,000 shall be appropriated from the Utility Fund Contingency Reserve (4-310-099999-9999).