City of Racine - File #: 1023-17

• File #: 1023-17
• Version: A
• Name: CWFLP Financial Assist. Agrmt. - Project No. 4285-22 (Res. 0149-18)
• Type: Communication
• Status: Passed
• File created: 10/11/2017
• In control: Finance and Personnel Committee
• Final action: 5/15/2018
• Title: Subject: Communication from the General Manager of the Wastewater Utility wishing to discuss the Financial Assistance Agreement for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-22 - Kinzie/Roosevelt Interceptor Reconstruction (Res. 0149-18) Recommendation of the Wastewater Commission dated 4/24/18: Approve Recommendation of the Finance & Personnel Committee on 5/7/2018: To approve. Fiscal Note: The City will enter into a Financial Assistance Agreement for a Clean Water Fund Loan in the amount of $531,270.00 at an interest rate of 1.87%. The City will also receive $227,688.00 in principal forgiveness.
• Related files: Res.0149-18

Date	Ver.	Action By	Action	Result
5/15/2018	A	Common Council	Approved
5/7/2018	A	Finance and Personnel Committee	Recommended For Approval	Pass
5/1/2018	A	Common Council	Referred	Pass
4/24/2018	A	Wastewater Commission	Recommended For Approval	Pass
11/28/2017	A	Wastewater Commission	Deferred	Pass
10/31/2017	A	Wastewater Commission	Deferred	Pass

Title

Subject: Communication from the General Manager of the Wastewater Utility wishing to discuss the Financial Assistance Agreement for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-22 - Kinzie/Roosevelt Interceptor Reconstruction (Res. 0149-18)

Recommendation of the Wastewater Commission dated 4/24/18: Approve

Recommendation of the Finance & Personnel Committee on 5/7/2018: To approve.

Fiscal Note: The City will enter into a Financial Assistance Agreement for a Clean Water Fund Loan in the amount of $531,270.00 at an interest rate of 1.87%.  The City will also receive $227,688.00 in principal forgiveness.