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RESOLUTION NUMBER <br />A RESOLUTION DESIGNATING AND AUTHORIZING THE MAYOR, CITY CLERK AND <br />CITY ENGINEER TO EXECUTE CERTAIN DOCUMENTS IN CONNECTION WITH <br />FUNDING ADMINISTERED BY THE ARKANSAS NATURAL RESOURCES <br />COMMISSION <br />WHEREAS, the City of Batesville, Arkansas owns and operates a Water System (the "System") <br />in order to provide water services to meet the needs of the City and its inhabitants; and <br />WHEREAS, the City Council has determined that it is in the best interest of the City and its <br />inhabitants to apply for loan assistance from the Arkansas Natural Resources <br />Commission (the "ANRC"), in order to make certain improvements to the System; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Batesville, Arkansas: <br />Section 1. That the Mayor of the City, as the Signatory Agent or the successor of said Agent, <br />is hereby authorized and directed to make application for assistance administered by the <br />ANRC and to execute, when approved by the City Council, a bond purchase agreement <br />and instruments issued or made pursuant thereto on behalf of the City from time to time. <br />Section 2. That the City Clerk, as a Signatory Agent or the successor of said Agent, is <br />hereby authorized to execute, for and on behalf of the City, all other documents and <br />certificates required. <br />Section 3. That the City Engineer, as a Signatory Agent or the successor of said Agent, is <br />hereby authorized to execute, for and on behalf of the City, all other documents and <br />certificates required. <br />PASSED: , 2023 <br />Attest: <br />Denise M. Johnston <br />City Clerk <br />APPROVED: <br />Rick Elumbaugh <br />Mayor <br />