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19 faGL <br />• Resolution of the Board of Commissioners of the Lee County Water & Sewer <br />District No. 1 <br />Resolution Number: <br />BE IT RESOLVED: <br />That the Lee County Water & Sewer District No. 1, Board of Commissioners <br />does hereby accept the conditions set forth in the Letter of Conditions dated <br />April 7 2003; and, RUS Bulletin 1780 -27, Loan Resolution, dated <br />April 7 2003 and; <br />That the Lee County Water & Sewer District No. 1 Board of Commissioners <br />approves Form RD 442 -7, Operating Budget dated April 7 2003, for <br />the water distribution system operations, and; <br />That the Chairman and Secretary to the Board be authorized to execute all forms <br />necessary to obtain a loan from the USDA Rural Development, Rural Utility <br />Service including, but not limited to the following forms; <br />Form RD 1942 -46 <br />• RUS Bulletin 1780 -27 <br />Form RD 442 -7 <br />Form RD 1940 -1 <br />Form RD 400 -1 <br />Form RD 400 -4 <br />Form RD 1910 -11 <br />Form AD 1047 <br />RD Instruction 1940 -Q <br />Letter of Intent To Meet Conditions <br />Loan Resolution <br />Operating Budget for Water and Sewer <br />Request for Obligation of Funds <br />Equal Opportunity Agreement <br />Assurance Agreement <br />Applicant Certification Federal Collection Policies For <br />Consumer Or Commercial Debts <br />Certification Regarding Debarment, Suspension, and <br />Other Responsibility Matters - Primary Covered <br />Transactions <br />Certification For contracts, Grants and Loans <br />That the Lee County Water & Sewer District No. 1 Board of Commissioners <br />elects to have the interest rate charged by RUS to be the lower of the rate in <br />effect at either the time of loan approval or loan closing; and, <br />That if the interest rate charged by RUS should be changed between this date <br />and the date of actual loan approval, the Chairman and Secretary to the Board <br />be authorized to execute new forms reflecting the current interest rate and <br />revised payments as required by RUS; and, <br />That a rate schedule for water use will be adopted by resolution providing for <br />• revenues as may be necessary to meet required operational, debt service <br />requirements, and capital cost for the water distribution system, and; <br />