WA ST Dept of Ecology 12/9/2021 - Laserfiche WebLink

State of Washington Department of Ecology Page 13 of 16 City of Everett Beverly Lake Water Quality Retrofit Project Agreement No.WQC-2020-COE-00091 39.12 RCW,as applicable. Compliance may include the determination whether the project involves"public work"and inclusion of the applicable prevailing wage rates in the bid specifications and contracts. The RECIPIENT agrees to maintain records sufficient to evidence compliance with Chapter 39.12 RCW,and make such records available for review upon request. O.Progress Reports: RECIPIENTS funded with State Revolving Fund Loan or Forgivable Principal shall include the following verification statement in the"General Comments"text box of each progress report. "We verify that we are in compliance with all the requirements as outlined in our funding agreement(s)with the Department of Ecology. This includes but is not limited to: -The Davis-Bacon Act,29 CFR(If applicable) -Washington State Prevailing Wage Rate,Chapter 39.12 RCW(Pertaining to all recipients) -The Disadvantaged Business Enterprise(DBE),40 CFR,Part 33" P.Representations and Warranties: The RECIPIENT represents and warrants to ECOLOGY as follows: Application: Material Information. All information and materials submitted by the RECIPIENT to ECOLOGY in connection with its loan application were,when made,and are,as of the date the RECIPIENT signs this agreement,true and correct. There is no material adverse information relating to the RECIPIENT,the project,the loan,or this agreement known to the RECIPIENT,which has not been disclosed in writing to ECOLOGY. Existence;Authority. It is a duly formed and legally existing municipal corporation or political subdivision of the state of Washington or a federally recognized Indian Tribe. It has full corporate power and authority to execute,deliver,and perform all of its obligations under this agreement and to undertake the project identified herein. Certification. Each payment request shall constitute a certification by the RECIPIENT to the effect that all representations and warranties made in this loan agreement remain true as of the date of the request and that no adverse developments, affecting the financial condition of the RECIPIENT or its ability to complete the project or to repay the principal of or interest on the loan,have occurred since the date of this loan agreement. Any changes in the RECIPIENT's fmancial condition shall be disclosed in writing to ECOLOGY by the RECIPIENT in its request for payment. Q. Sale or Disposition of Funded Utility: The RECIPIENT shall not sell,transfer,or otherwise dispose of any of the works, plant,properties,facilities,or other part of the funded Utility or any real or personal property comprising a part of the funded Utility unless: 1. The facilities or property transferred are not material to the operation of the funded Utility,or have become unserviceable,inadequate,obsolete,or unfit to be used in the operation of the funded Utility or are no longer necessary, material,or useful to the operation of the funded Utility;or 2. The aggregate depreciated cost value of the facilities or property being transferred in any fiscal year comprises no more than three percent of the total assets of the funded Utility; or 3. The RECIPIENT receives from the transferee an amount equal to an amount which will be in the same proportion to the net amount of Senior Lien Obligations and this LOAN then outstanding(defined as the total amount outstanding less the amount of cash and investments in the bond and loan funds securing such debt)as the Gross Revenue of the funded Utility from the portion of the funded Utility sold or disposed of for the preceding year bears to the total Gross Revenue for that period. 4. Expressed written agreement by the ECOLOGY-. The proceeds of any transfer under this paragraph must be used(1)to redeem promptly,or irrevocably set aside for the redemption of,Senior Lien Obligations and to redeem promptly the loan,and(2)to provide for part of the cost of additions to and betterments and extensions of the Utility. R. Sewer-Use Ordinance or Resolution for Funded Wastewater Facility Projects: If not already in existence,the RECIPIENT shall adopt and shall enforce a sewer-use ordinance or resolution. Such ordinance or resolution shall be submitted to ECOLOGY upon request. The sewer use ordinance must include provisions to: 1)Prohibit the introduction of toxic or hazardous wastes into the RECIPIENT's sewer system. 2)Prohibit inflow of stormwater into separated sewer systems. 3)Require that new sewers and connections be properly designed and constructed. S.Termination and Default: Termination and Default Events 1.For Insufficient ECOLOGY or RECIPIENT Funds. ECOLOGY may terminate this loan agreement for insufficient ECOLOGY or RECIPIENT funds. 2.For Failure to Commence Work. ECOLOGY may terminate this loan agreement for failure of the RECIPIENT to commence project work. Template Version 10/30/2015