City of Racine - File #: 0494-22

• File #: 0494-22
• Version: A
• Name: Subject: Communication sponsored by Alder ______ submitting a Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.
• Type: Communication
• Status: Passed
• File created: 7/6/2022
• In control: Finance and Personnel Committee
• On agenda: 7/19/2022
• Final action: 7/19/2022
• Title: Subject: Communication sponsored by Mayor Mason submitting a Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project. Recommendation of the Finance and Personnel Committee on 7-11-2022: That the Mayor and City Clerk be authorized to approve and sign the Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project. Fiscal Note: The Racine Water Utility, on behalf of the City of Racine, applied for a Safe Drinking Water Loan through the State of Wisconsin. The Financial Assistance Agreement will make available up to $1,104,000.00 in a principal forgiveness loan for lead service lateral replacements.

Date	Ver.	Action By	Action	Result
7/19/2022	A	Common Council	Approved as Presented	Pass
7/11/2022	A	Finance and Personnel Committee	Recommended For Approval

Title

Subject: Communication sponsored by Mayor Mason submitting a Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.

Recommendation of the Finance and Personnel Committee on 7-11-2022: That the Mayor and City Clerk be authorized to approve and sign the Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.

Fiscal Note:  The Racine Water Utility, on behalf of the City of Racine, applied for a Safe Drinking Water Loan through the State of Wisconsin.  The Financial Assistance Agreement will make available up to $1,104,000.00 in a principal forgiveness loan for lead service lateral replacements.