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Home My WebLink About2111 FDEP SW590141 Stormwater Mgmt Facilitieso�S�j1FOR0 ,eCO • rl FLORIDA FINANCE DEPARTMENT TRANSMITTAL MEMORANDUM To: Mayor's Office RE: Request for Services The item(s) noted below is/are attached and forwarded to your office for the following action(s): ❑ Development Order ❑ ❑ Final Plat (original mylars) ❑ ❑ Letter of Credit ❑ ❑ Maintenance Bond ❑ Ordinance ❑ ❑ Performance Bond ❑ Resolution El Once completed, please: ❑ Return original ❑ Return copy El Special Instructions: Mayor's signature Recording Rendering Safe keeping (Vault) one original of Amendment 2 for the City's State Revolving Fund loan agreement — SW590141 Please advise if you have any questions regarding the above. Thank you I August 27, 2019 Date antls FLORIDA DEPARTMENT OF RonDeGovernor Environmental Protection Jeanette Nunez Lt. Governor Marjory Stoneman Douglas Building Noah Valenstein 3900 Commonwealth Boulevard Secretary Tallahassee, FL 32399 CERTIFIED MAIL - RETURN RECEIPT REQUESTED AL 15 1019 Ms. Cynthia Lindsay Director of Finance City of Sanford Post Office Box 1788 Sanford, Florida 32772 Re: SW590141 — Sanford Stormwater Management Facilities Dear Ms. Lindsay: Enclosed is one original of Amendment 2 for the City's State Revolving Fund -loan agreement. The amendment is now in effect, and no further amendments are anticipated. We congratulate you and your staff on the completion of your project and are pleased that we could work with you. Sincerely, Angel echt, Program Administrator State Revolving Fund Management AK/ad Enclosure cc: Honorable Jeff Triplett — City of Sanford Jeff Davis — City of Sanford STATE REVOLVING FUND AMENDMENT 2 TO LOAN AGREEMENT SW590141 CITY OF SANFORD This amendment is executed by the STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (Department) and the CITY OF SANFORD, FLORIDA, (Local Government) existing as a local governmental entity under the laws of the State of Florida. Collectively, the Department and the Local Government shall be referred to as "Parties" or individually as "Party". The Department and the Local Government entered into a State Revolving Fund Loan Agreement, Number SW590141, as amended, authorizing a Loan amount of $5,847,753, excluding Capitalized Interest; and The Loan Amount, Semiannual Loan Payment amount, Loan Service Fee, and Project costs need adjustment to reflect actual costs; and Certain provisions of the Agreement need to be revised. The Parties hereto agree as follows: 1. The total amount awarded is reduced by $9935124. The revised total amount awarded is $4,854,629. 2. The Loan Service Fee is reduced by $19,862, and the adjusted total service fee for this Loan is $97,093. The fee represents two percent of the Loan amount excluding Capitalized Interest; that is, two percent of $4,854,629. 3. The total amount of the Loan is $4,976,593.13, which consists of $4,854,629.00 disbursed to the Local Government, $24,871.13 of accrued Capitalized Interest and $97,093.00 of service fee charges. 4. The total amount remaining to repay on the Loan is $4,822,777.72, which amount accounts for the Department's receipt of 1 Semiannual Loan Payment and consists of the following: (a) The unpaid principal of the original loan of $4,436,143.48 and the unpaid service fee charge of the original loan of $91,086.00 both at a Financing Rate of 1.18 percent per annum (the interest rate is 0.59 percent per annum, and the Grant Allocation Assessment rate is 0.59 percent per annum). (b) Amendment 1 unpaid principal of $289,541.24 and unpaid service fee charge of $6,007.00 both at a Financing Rate of 1.05 percent per annum (the interest rate is 0.525 percent per annum, and the Grant Allocation Assessment rate is 0.525 percent per annum). 5. The Semiannual Loan Payment amount, adjusted to account for repayments received to date, is hereby revised and shall be in the amount of $138,690.03. Such payments shall be received by the Department on November 15, 2019 and semiannually thereafter on May 15 and November 15 of each year until all amounts due hereunder have been fully paid. 6. Subsection 2.03(1) of the Agreement is deleted and replaced as follows: (1) The financial assistance authorized pursuant to this Loan Agreement consists of the following: State Resources Awarded to the Local Government Pursuant to this Agreement Consist of the Following Resources Subject to Section 215.97, F.S.: State CSFA Title or State Program CSFA Fund Source Funding Appropriation Number Funding Source Number Description Amount Category Wastewater Wastewater Original Treatment and 37'077 Treatment $4,854,629 140131 Agreement Stormwater Facility Management TF Construction 7. Project Costs are revised as follows: The Local Government and the Department acknowledge that changes in Project costs may occur as a result of an audit. Unless this Agreement is amended subsequent to an audit, the following Project disbursements shall be final. CATEGORY Construction and Demolition Technical Services During Construction SUBTOTAL (Total Disbursed) Capitalized Interest TOTAL (Loan Principal Amount) PROJECT COSTS ($ 4,608,029.00 246,600.00 4,854,629.00 24.871.13 4,879,500.13 All other terms and provisions of the Loan Agreement shall remain in effect. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK This Amendment 2 to Loan Agreement SW590141 may be executed in two or more counterparts, any of which shall be regarded as an original and all of which constitute but one and the same instrument. IN WITNESS WHEREOF, the Department has caused this amendment to the Loan Agreement to be executed on its behalf by the Secretary or Designee and the Local Government has caused this amendment to be executed on its behalf by its Authorized Representative and by its affixed seal. The effective date of this amendment shall be as set forth below by the for STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION Secretary or Designee Date