https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2083574&GUID=C5A4D222-4047-4050-AA20-8275BBD6A671Legistar15https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2083574&GUID=C5A4D222-4047-4050-AA20-8275BBD6A671C5A4D222-4047-4050-AA20-8275BBD6A671-2015-01-05-22-41-00Title: City of Racine, Wisconsin Clean Water Fund Program Comfort Resolution Basin Z Wastewater Storage Facility Whereas, the City of Racine, Wisconsin, owns and operates regional wastewater treatment and conveyance facilities through the Racine Wastewater Utility; and Whereas, the Utility plans to construct improvements to its wastewater conveyance system with a low interest Clean Water Fund Program (CWFP) loan; and Whereas, said improvements include the construction of a new wastewater storage facility in an area known as Basin Z - CWFP loan #4285-14; and Whereas, these improvements may need to proceed with construction prior to receipt of the actual CWFP loan due to the desire of the City and other users to expedite the project; and Whereas, the City wishes to document its intent to use the CWFP loan as a refinancing tool for expenditures that may be made before CWFP loan closing; and Whereas, this resolution documents this intent and meets the letter and spirit of Treasury Regulations, 26 CFR 1.150-2. Now, Therefore, Be It Resolved, by the City Council of the CitMon, 05 Jan 2015 22:41:00 GMT