City of Racine - File #: Res.07-0575

• File #: Res.07-0575
• Version: A
• Name: Financial Assistance Agreement with Wisconsin Department of Administration
• Type: Resolution
• Status: Passed
• File created: 12/18/2007
• In control: City Attorney's Office
• Final action: 12/18/2007
• 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 Fund Loan in the amount of $3,481,931. Fiscal Note: No City funds are involved with the Clean Water Fund Loan from the State of Wisconsin Department of Administration. The loan rate will be 2.475%. The loan will be repaid with Wastewater Utility funds.
• Sponsors: Thomas Friedel1
• Related files: 07-1510

Date	Ver.	Action By	Action	Result
12/18/2007	A	Common Council	Adopted

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 Fund Loan in the amount of $3,481,931.

Fiscal Note:  No City funds are involved with the Clean Water Fund Loan from the State of Wisconsin Department of Administration.  The loan rate will be 2.475%.  The loan will be repaid with Wastewater Utility funds.