WHEREAS:

1. The State Water Resources Control Board, on July 17, 1997, adopted Resolution No. 97-59;

2. Resolution No. 97-59 approved a zero percent interest SRF loan of $3,500,000 to the City of Placerville for construction of the Hangtown Creek Wastewater Treatment Plant Phase IIB project, and

3. The City of Placerville has requested that its application request be changed from a zero percent interest loan to a low interest loan.

THEREFORE BE IT RESOLVED THAT

The State Water Resources Control Board:

Approves a low interest SRF loan of $3,500,000 to the City of Placerville for construction of the Hangtown Creek Wastewater Treatment Plant Phase IIB project as a replacement for the zero percent interest SRF loan approved by Resolution No. 97-59, with the following provisions:

a) the repayment period is twenty (20) years; and

b) the first repayment due one (1) year after completion of construction.

The undersigned, Administrative Assistant to the Board, does hereby certify that the foregoing is a full, true, and correct copy of a resolution duly and regularly adopted at a meeting of the State Water Resources Control Board held on March 25, 1998.

/s/

Maureen Marché

Administrative Assistant to the Board