Sponsor
Alderman Friedel
Title
Financial Assistance Agreement with Wisconsin Department of Administration
Resolved, that the Mayor and City Clerk be authorized and directed to enter into a Financial Assistance Agreement with the Wisconsin Department of Administration for a Clean Water Loan for the purpose of funding the Basin Z Wastewater Storage Facility project in the amount of $3,481,931.
Further resolved, that $3,481,931 in Wastewater Revenue Bonds be issued to the State of Wisconsin Clean Water Fund Program in exchange for a Clean Water Fund Loan in the same amount.
Fiscal Note: Funding will be provided by the Wastewater Utility.