City of Racine - File #: 0731-26

• File #: 0731-26
• Version: A
• Name: Subject: Request for Authorization to Submit Intent to Apply (ITA) to the Wisconsin Department of Natural Resources (WI-DNR) for the 2028 Loan for Small Diameter Old Water Main Replacements Staff Recommendation: To Approve with a Referral to Finance an
• Type: Communication
• Status: Passed
• File created: 8/10/2026
• In control: Finance and Personnel Committee
• On agenda: 9/1/2026
• Final action: 9/1/2026
• Title: Subject: Communication sponsored by Alder Jorgensen, for a request for authorization to submit an Intent to Apply (ITA) to the Wisconsin Department of Natural Resources (WI-DNR) for the 2028 Loan for Small Diameter Old Water Main Replacements. Recommendation of the Waterworks Commission on 08-19-2026: To Approve with a Referral to Finance and Personnel Committee. Recommendation of the Finance and Personnel Committee on 08-24-2026: To Approve. Fiscal Note: Tentative Loan Amount is $17 million with an estimated interest rate of 2.85%.

Date	Ver.	Action By	Action	Result
9/1/2026	A	Common Council	Approved
8/24/2026	A	Finance and Personnel Committee	Recommended For Approval
8/19/2026	A	Waterworks Commission	Referred

Title

Subject: Communication sponsored by Alder Jorgensen, for a request for authorization to submit an Intent to Apply (ITA) to the Wisconsin Department of Natural Resources (WI-DNR) for the 2028 Loan for Small Diameter Old Water Main Replacements.

Recommendation of the Waterworks Commission on 08-19-2026: To Approve with a Referral to Finance and Personnel Committee.

Recommendation of the Finance and Personnel Committee on 08-24-2026: To Approve.

Fiscal Note: Tentative Loan Amount is $17 million with an estimated interest rate of 2.85%.