City of Racine - File #: Res.15-0193

• File #: Res.15-0193
• Version: A
• Name: Safe Drinking Water Loan Fund Program (SDWLFP)
• Type: Resolution
• Status: Passed
• File created: 5/19/2015
• In control: City Attorney's Office
• Final action: 5/19/2015
• Title: Safe Drinking Water Loan Fund Program (SDWLFP) Resolved, that the Mayor and City Clerk are authorized to sign and enter into a Financial Assistance Agreement (FAA) with the Department of Natural Resources, in association with the Safe Drinking Water Loan Program, Project No. 4887-05, Modifications to High Lift Station for the Racine Water Utility. Further resolved, that the Mayor and City Clerk are authorized to sign the Municipal Obligation Resolution associated with this Safe Drinking Water Loan. Fiscal Note: The loan is in the amount of $1,931,200.00 at an interest rate of 1.65% and repayment of the loan will be provided by revenues of the Racine Water Utility.
• Sponsors: Q.A. Shakoor II
• Related files: 15-00349

Date	Ver.	Action By	Action	Result
5/19/2015	A	Common Council	Adopted	Pass

Sponsor

Alderman Shakoor

Title

Safe Drinking Water Loan Fund Program (SDWLFP)

Resolved, that the Mayor and City Clerk are authorized to sign and enter into a Financial Assistance Agreement (FAA) with the Department of Natural Resources, in association with the Safe Drinking Water Loan Program, Project No. 4887-05, Modifications to High Lift Station for the Racine Water Utility.

Further resolved, that the Mayor and City Clerk are authorized to sign the Municipal Obligation Resolution associated with this Safe Drinking Water Loan.

Fiscal Note: The loan is in the amount of $1,931,200.00 at an interest rate of 1.65% and repayment of the loan will be provided by revenues of the Racine Water Utility.