25-1695 Authorizing Clean Water State Revolving Fund Amendment No. 4RESOLUTION 25-1695
A RESOLUTION OF THE CITY OF LONGWOOD, FLORIDA, AUTHORIZING THE
EXECUTION AND DELIVERY OF A CLEAN WATER STATE REVOLVING FUND
AMENDMENT NO. 4 TO LOAN AGREEMENT WW590550 WITH THE STATE OF
FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION FOR THE LOAN
AUTHORIZED BY ORDINANCE 22-2233 CONCERNING THE FINANCING OF THE
EAST LONGWOOD PHASE II WASTEWATER SYSTEM IMPROVEMENT AND
EXPANSION PROJECT INVOLVING THE ABATEMENT OF SEPTIC TANKS ON
PROPERTIES AND CONNECTION OF SUCH PROPERTIES TO THE CITY'S
WASTEWATER SYSTEM AND SERVICING FEES; PROVIDING FOR SEVERABILITY
AND AN EFFECTIVE DATE.
WHEREAS, the City of Longwood (the "City") is vested with home rule au t hority pursuant to
Article VII, Section 2 of the Con stitution of the State of Florida and Chapter 166, Florida Statutes, to
enact ordin ances ;
WHEREAS , on October 17, 2022, the City Commission adopted Ordinance 22 -2233 authorizing
the issuance of debt in the principal amount of $4,452,708 and interests and the executing of the Loan
Agreement to procure and implement the necessary labor, materials and equipment for the design,
permitting, construction, installation and completion of the Project described in Ordinance 22 -2233 and
to finance the Project through a loan with State of Florida Department of Environ m ental Protection (the
"Department"); and
WHEREAS , the City of Longwood has executed the Loan Agreement (WW590550) ("Loan
Agreement") with the Departm e nt concerning the Project as authorized by Ordinance 22 -2233, as
further amended by the partie s; and
WHEREAS, the City of Longwood desires to authorize the execution and delivery of Amendment
No. 4 to the Loan Agreement as attached to this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD,
FLORIDA, AS FOLLOWS:
SECTION 1. RECITALS . The foregoing findings are incorporated herein by reference and made a
part hereof.
SECTION 2. AUTHORIZATION OF AMENDMENT TO LOAN AGREEMENT. The City Commission
hereby approves Amendment No . 4 of the Loan Agreement to revise the semiannual loan payment
amount and other matters as set forth therein and does hereby authorize the execution and delivery on
beha If of the City by the Mayor under the sea I of the City , attested by the City Clerk, of the Amendment
No. 4 with the Department. The Amendment No . 4 shall be in substantially the form thereof attached
hereto and marked Exhibit "A" and is hereby approved, with such changes therein as shall be approved
Reso lution No . 25-1695
Pa ge 1
by any of the authorized officers executing the same , with such execution to constitute conclusive
evidence of such officer's approval and the City's approval of any changes therein from the form of the
Amendment No . 4 attached hereto.
SECTION 3. SEVERABILITY OF INVALID PROVISIONS. If any one or more of the covenants,
amendments or provisions contained herein shall be held contrary to any express provisions of law or
contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall
for any reason whatsoever be held invalid, then such covenants, amendments or provisions shall be null
and void and shall be deemed severable from the remaining covenants, amendments or prov isions
hereof and shall in no way affect the validity of any of the other provisions of this Resolution .
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption .
PASSED and ADOPTED on this 6th day of October, 2025.
CITY COMMISSION
CITY OF LONGWOOD, FLORIDA
~TTEST: ,,
Liane Cartagena, Acting City Clerk
Approved as to form and legality for u se and reliance by the City of Longwood, Florida only:
Reso luti on No. 25-1695
Page 2
EXHIBIT "A"
STATE REVOLVING FUND
AMENDMENT 4 TO LOAN AGREEMENT WW590550
CITY OF LONGWOOD
This amendment is executed by the STATE OF FLORIDA DEPARTMENT OF
ENVIRONMENTAL PROTECTION (Department) and the CITY OF LONGWOOD,
FLORIDA, (Local Government) existing as a loc al 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 WW590550 , as amended, authorizing a Loan amount of $4 ,452,708,
excluding Capitalized Interest ; and
The Semiannual Loan Payment amount 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 $4,452,708.
2. The Loan Service Fee is $89,054. The fee represents two percent of the Loan
amount excluding Capitalized Interest; that is , two percent of $4,452 ,708.
3. The total amount of the Loan to be repaid is $4,541,762. This consists of $4,452,708
disbursed to the Local Government, plus accrue d Capitalized Interest of $0, and service fee
charges of $89,054.
4. The Semiannual Loan Payment amount is hereby revised and shall be in the amount
of $119,698.07. Such payments shall be received by the Department on October 15, 2025, and
semiannually thereafter on April 15 and October 15 of each year until all amounts due hereunder
have been fully paid.
5. Project Costs are revised as follows:
The Local Government and the Department acknowledge that changes in Project costs
may occur as a result of an audit. Unless this Agreement is amended subsequent to an audit, the
following Project disbursements shall be final.
CATEGORY
Construction and Demolition
Capitalized Interest
TOTAL (Loan Principal Amount)
PROJECT COSTS ($)
4,452 ,708
0
4 ,452,708
6. All other terms and provisions of the Loan Agreement shall remain in effect.
REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
\
'
2
This Amendment 4 to Loan Agreement WW590550 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
Department.
for g :LONGWOOD
Approved as to form and legal sufficiency:
for
STATE OF FLORIDA
DEPARTMENT OF ENVIRONMENTAL PROTECTION
Secretary or Designee Date
3