City of Racine - File #: 54-17

• File #: 54-17
• Version: A
• Name: SDWLFP, Project No. 4887-08 (Res No. 0047-17)
• Type: Communication
• Status: Passed
• File created: 1/23/2017
• In control: Finance and Personnel Committee
• Final action: 2/22/2017
• Title: Subject: Communication from the General Manager of the Water Utility wishing to discuss the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program (SDWLFP), Project No. 4887-08, Private Lead Service Lateral Replacements (Res No. 0047-17) Recommendation of the Waterworks Commission on 1/31/17: That the Mayor and City Clerk be authorized to sign the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program relating to Project No. 4887-08, Private Lead Service Lateral Replacements. Recommendation of the Finance & Personnel Committee on 2/13/17: That the Mayor and City Clerk be authorized to sign the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program relating to Project No. 4887-08, Private Lead Service Lateral Replacements. Fiscal Note: This loan is in the amount of $500,000 and contains principal forgiveness in an amount up to $500,000 for private lead service lateral replacements.
• Related files: Res.0047-17

Date	Ver.	Action By	Action	Result
2/22/2017	A	Common Council	Approved as Presented	Pass
2/13/2017	A	Finance and Personnel Committee	Recommended For Approval	Pass
2/7/2017	A	Common Council	Referred
1/31/2017	A	Waterworks Commission	Recommended For Approval	Pass

Title

Subject: Communication from the General Manager of the Water Utility wishing to discuss the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program (SDWLFP), Project No. 4887-08, Private Lead Service Lateral Replacements (Res No. 0047-17)

Recommendation of the Waterworks Commission on 1/31/17: That the Mayor and City Clerk be authorized to sign the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program relating to Project No. 4887-08, Private Lead Service Lateral Replacements.

Recommendation of the Finance & Personnel Committee on 2/13/17: That the Mayor and City Clerk be authorized to sign the Financial Assistance Agreement for the Safe Drinking Water Loan Fund Program relating to Project No. 4887-08, Private Lead Service Lateral Replacements.

Fiscal Note: This loan is in the amount of $500,000 and contains principal forgiveness in an amount up to $500,000 for private lead service lateral replacements.