Res 2015-045/Loan forgiveness agreement with TWBD for Reclaimed Water System Expansion

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24. the Obligations must provide that neither the City nor a related party thereto will acquire VWW any of the TWDB's Source Series Bonds he TWl amount related to the amount of the Obligations to be acquired from the City by t e� re r2avnlyinu Fund Conditions City 25. the Ci shall submit outlay reports with sufficient documentation on costs on a quarterly or monthly basis in accordance with TWDB outlay report guidelines; 26. the Obligations must include a provision stating shall 1 be laborers aid wages at rates not less than by contractors and subcontractors for projects P the those prevailing on projects of a similar character fLabor�seimplementing accordance ations.th The Davis -Bacon Act, and the U.S. Department City, all contractors, and all sub - contractors shall ensure that all project contracts mandate compliance with Davis - Bacon. All contracts and subcontracts for the construction of the project carried out in whole or in part with financial assistance made available as provided herein shall insert in full in any contract in excess of $2,000 the contracts clauses as provided by the 27. the Obligations must include a provision stating that the City shall provide the TWDB with all information required to be reported in accordance with the Federal Funding Accountability and Transparency Act of 2006, Pub. L. 109 -282, as amended byPuub..beL. now 110 -252. The City shall obtain a Data Universal Numbering System (DUNS) Numr and shall register with System for Award Management (SAM), and maintain current registration at all times during which the Obligations are outstanding; 28. the Obligations shall provide that all loan proceeds also shall provide that the City will adhere as required by 40 CFR § 35.3135(d), P the approved project schedule; 29. The Obligations and/or Loan Forgiveness Agreement must contain a covenant that the City will abide by all applicable construction contract requirements related to the use of iron and steel products produced in the United States, as required by the 2014 Federal Appropriations Act and related State Revolving Fund Policy Guidelines; Clean Water State Revolving Fund Conditions 30. prior to or at closing, the City shall pay a 1.85% origination fee to the TWDB calculated pursuant 31 TAC Chapter 375; 31. at the TWDB's option, the TWDB may fund the financial assistance under this Resolution with either available cash -on -hand or from bond proceeds. If the financial assistance is funded with available cash -on -hand, the TWDB, reserves the right to change the designated source of funds to bond proceeds issued for the purpose of reimbursing funds used to provide the financial assistance approved in this Resolution; 6 TWDB Contract No. LF 1000351 Exhibit A, Page 7 of 9