City of Racine - File #: 0285-18

• File #: 0285-18
• Version: A
• Name: Financial Assist. Agrmt. Resolution - Lead SDWL 4885-09 (Res. 0113-18)
• Type: Communication
• Status: Passed
• File created: 3/16/2018
• In control: Finance and Personnel Committee
• Final action: 4/16/2018
• Title: Subject: Financial Assistance Agreement Resolution for Safe Drinking Water Loan 4887-09 for Lead Service. (Res. 0113-18) Recommendation of the Waterworks Commission on 3/27/18: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement (FAA). Recommendation of the Finance & Personnel Committee on 4/9/2018: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement (FAA) for the Safe Drinking Water Loan 4887-09 for Lead Service Replacements. Fiscal Note: The FAA will make available up to $1,400,000 in a principal forgiveness loan for lead service lateral replacements.
• Related files: Res.0113-18

Date	Ver.	Action By	Action	Result
4/16/2018	A	Common Council	Approved	Pass
4/9/2018	A	Finance and Personnel Committee	Recommended For Approval	Pass
4/4/2018	A	Common Council	Referred	Pass
3/27/2018	A	Waterworks Commission	Recommended For Approval	Pass

Title

Subject: Financial Assistance Agreement Resolution for Safe Drinking Water Loan 4887-09 for Lead Service. (Res. 0113-18)

Recommendation of the Waterworks Commission on 3/27/18: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement (FAA).

Recommendation of the Finance & Personnel Committee on 4/9/2018: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement (FAA) for the Safe Drinking Water Loan 4887-09 for Lead Service Replacements.

Fiscal Note: The FAA will make available up to $1,400,000 in a principal forgiveness loan for lead service lateral replacements.