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Bou 17 PAGE 797 <br />BE IT RESOLVED that the Lee County Board of Commissioners, sitting as the <br />Board of Commissioners of the Lee County Water and Sewer District No. 1, does hereby <br />accept the conditions set forth in the Letter of Conditions dated July 26, 1999, the RUS <br />Bulletin 1780 -27 Loan Resolution dated July 26, 1999, and the RUS Bulletin 1780 -12 <br />Water or Waste System Grant Agreement; and <br />That the Lee County Board of Commissioners, sitting as the Board of <br />Commissioners of the Lee County Water and Sewer District No. 1, approves as shown on <br />Form RD 442 -7 Operating Budget, the proposed budget; and <br />That the Chairman and Clerk be authorized to execute all forms necessary to <br />obtain a loan and grant from the USDA Rural Development, Rural Utility Service <br />including, but not limited to the following forms: <br />Form RD 1942 -46 <br />RUS Bulletin 1780 -27 <br />RUS Bulletin 1780 -12 <br />Form RD 442 -7 <br />Form RD 1940 -1 <br />Form RD 400 -1 <br />Form RD 400 -4 <br />Fonn RD 1910 -11 <br />Form AD 1047 <br />Form AD 1049 <br />RD Instruction 1940 -Q <br />Letter of Intent to Meet Conditions <br />Loan Resolution <br />Water or Waste System Grant Agreement <br />Operating Budget <br />Request for Obligation of Funds <br />Equal Opportunity Agreement <br />Assurance Agreement <br />Applicant Certification Federal Collection Policies <br />for Consumer or Commercial Debts <br />Certification Regarding Debarment, Suspension, <br />and Other Responsibility Matters - Primary Covered <br />Transactions and copy of AD 1048 for use with <br />Lower Tier Covered Transactions <br />Certification Regarding Drug -Free Workplace <br />Requirements (Grants) Alternative I - For Grantees <br />Other Than Individuals <br />Certification for Contracts, Grants, and Loans <br />That the Lee County Board of Commissioners, sitting as the Board of <br />Commissioners of the Lee County Water and Sewer District No. 1, elects to have the <br />interest rate charged by RUS to be the lower of the rate in effect at either the time of loan <br />approval or loan closing; and <br />That if the interest rate charged by RUS should be changed between this date and <br />the date of actual loan approval, the Chairman and Clerk be authorized to execute new <br />forms reflecting the current interest rate and revised payments as required by RUS; and <br />That the District will maintain a water use rate schedule at rates sufficient to meet <br />all budgeted operating, replacement, and debt service expenses, and the District may <br />make modifications to the rate system as long as the rate schedule remains sufficient to <br />meet budget requirements; and <br />2 <br />