City of Racine - File #: 0914-24

• File #: 0914-24
• Version: A
• Name: Subject: Request Authorization to Submit Intent to Apply (ITA) to the Department of Natural Resources (DNR) for FY2026 Loan for Small Diameter Old Water Main Replacements Staff Recommendation: To Approve Fiscal Note: Safe Drinking Water Loan Program
• Type: Communication
• Status: Passed
• File created: 10/8/2024
• In control: Waterworks Commission
• Final action: 10/17/2024
• Title: Subject: Request Authorization to Submit Intent to Apply (ITA) to the Department of Natural Resources (DNR) for FY2026 Loan for Small Diameter Old Water Main Replacements Staff Recommendation: To Approve Fiscal Note: Safe Drinking Water Loan Program at 55% of market rate. Tentative loan amount per year $10 million to replace old water mains in concurrence with LSLR's. Ruekert-Mielke to provide technical support submitting ITA through general professional service agreement.

Date	Ver.	Action By	Action	Result
10/17/2024	A	Waterworks Commission	Approved	Pass

Title

Subject: Request Authorization to Submit Intent to Apply (ITA) to the Department of Natural Resources (DNR) for FY2026 Loan for Small Diameter Old Water Main Replacements

Staff Recommendation: To Approve

Fiscal Note: Safe Drinking Water Loan Program at 55% of market rate. Tentative loan amount per year $10 million to replace old water mains in concurrence with LSLR's. Ruekert-Mielke to provide technical support submitting ITA through general professional service agreement.