Title
Resolution Identifying the Designated Authorized Representatives for the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF)
Body
Agenda of: October 23, 2024
Item No.: 2024-310
Amount:
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: October 23, 2024
RE: Resolution Identifying the Designated Authorized Representatives for the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF)
MOTION
Upon recommendation of Nicolette N. Bateson, Chief Financial Officer & Treasurer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), approves the resolution identifying the designated authorized representatives for the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF), and authorizes the Chief Executive Officer to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The Michigan Department of Environmental, Great Lakes, and Energy (EGLE) requires that authorized representative(s) be designated to execute and deliver contracts, certificates, documents, instruments, and other papers as may be required by the State Revolving Fund (SRF) in accordance with the Natural Resources and Environmental Protection Act, Public Act 451 of 1994, Part 53, Section 324.5308(1)(g); and Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) in accordance with the Natural Resources and Environmental Protection Act, Public 451 of 1994, Part 54, Section 324.5409(1)(c).
JUSTIFICATION
At the April 26, 2017 Board meeting, the GLWA Board of Directors designated the following as Authorized Representatives: Chief Executive Officer, Chief Financial Officer/Treasurer, and Chief Administrative and Compliance Officer/General Counsel. The Deputy Chief Executive Officer position was recently added to the GLWA organizational structure and should be designated as an authorized representative. EGLE requires a resolution be issued by the Great Lakes Water Authority Board. Refer to Table 1 and Table 2 in the attachment for list of current and proposed authorized representatives.
This resolution authorizes representatives jointly or severally to take any actions necessary to comply with the requirements of the State in connection with the issuance of the loan; execute and deliver such other contracts, certificates, documents, instruments, applications and other papers as may be required by the State; or as may be otherwise necessary to affect the approval, delivery, management and completion of the loan.
BUDGET IMPACT
The proposed resolution does not have an impact on the Budget.
COMMITTEE REVIEW
This matter was reviewed by the GLWA Audit Committee at its meeting on September 27, 2024. The Audit Committee unanimously recommends the Board of Directors approve the resolution identifying the designated authorized representatives for the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF), as presented.