City of Racine - File #: 0771-22

• File #: 0771-22
• Version: A
• Name: Subject: Communication sponsored by Alder Taft, requesting a Resolution Regarding Declaration of Official Intent to Reimburse for Costs Attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project Recommendation: Approve FURTHER RE
• Type: Communication
• Status: Passed
• File created: 10/10/2022
• In control: Finance and Personnel Committee
• On agenda: 12/6/2022
• Final action: 12/6/2022
• Title: Subject: Communication sponsored by Alder Taft, on behalf of Wastewater Utility, requesting a resolution regarding Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project. Recommendation of the Finance and Personnel Committee on 11-28-2022: To review and approve a Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project. Fiscal Note: The Wastewater Utility is applying for a Clean Water Fund Loan. All costs expended attributed to the sewer improvements project may be rolled into the loan, and principal forgiveness may be awarded to reduce the estimated $34,500,000.00 amount borrowed.

Date	Ver.	Action By	Action	Result
12/6/2022	A	Common Council	Approved as Presented	Pass
11/28/2022	A	Finance and Personnel Committee	Recommended For Approval
11/15/2022	A	Wastewater Commission	Referred	Pass

Title

Subject:  Communication sponsored by Alder Taft, on behalf of Wastewater Utility, requesting a resolution regarding Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project.

Recommendation of the Finance and Personnel Committee on 11-28-2022:  To review and approve a Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project.

Fiscal Note:  The Wastewater Utility is applying for a Clean Water Fund Loan. All costs expended attributed to the sewer improvements project may be rolled into the loan, and principal forgiveness may be awarded to reduce the estimated $34,500,000.00 amount borrowed.