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File #: 0632-25    Version: A Name: Subject: Communication Sponsored by Alder Harmon on behalf of the Waterworks Commission Requesting Approval of a Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to 2026 Water Main Replacement Project Recommendation of
Type: Communication Status: In Committee
File created: 6/13/2025 In control: Finance and Personnel Committee
On agenda: Final action:
Title: Subject: Communication Sponsored by Alder Harmon, on behalf of the Waterworks Commission, requesting approval of a resolution regarding declaration of official intent to reimburse costs attributed to 2026 Water Main Replacement Project. Recommendation of the Waterworks Commission on 06/18/25: To Approve with a Referral to the Finance & Personnel Committee. Staff Recommendation: That the Waterworks Commission request for approval of a resolution regarding declaration of official intent to reimburse costs attributed to the 2026 Water Main Replacement Project be approved. Fiscal Note: The aggregate principal amount of debt for the project is expected not to exceed $10,000,000.00, with the balance reduced by eligible Principal Forgiveness earned. Funding for the Project to be financed through the FY 2026 WDNR Safe Drinking Water Loan Program.
Attachments: 1. draft comfort resolution_wtr main replcemt proj

Title

Subject: Communication Sponsored by Alder Harmon, on behalf of the Waterworks Commission, requesting approval of a resolution regarding declaration of official intent to reimburse costs attributed to 2026 Water Main Replacement Project.

 

Recommendation of the Waterworks Commission on 06/18/25: To Approve with a Referral to the Finance & Personnel Committee.

 

Staff Recommendation: That the Waterworks Commission request for approval of a resolution regarding declaration of official intent to reimburse costs attributed to the 2026 Water Main Replacement Project be approved.

Fiscal Note: The aggregate principal amount of debt for the project is expected not to exceed $10,000,000.00, with the balance reduced by eligible Principal Forgiveness earned. Funding for the Project to be financed through the FY 2026 WDNR Safe Drinking Water Loan Program.