Ricine Banner
File #: Res.0113-18    Version: A Name: Safe Drinking Water Loan 4887-09 for Lead Service
Type: Resolution Status: Passed
File created: 4/16/2018 In control: City Attorney's Office
On agenda: 4/16/2018 Final action: 4/16/2018
Title: Safe Drinking Water Loan 4887-09 for Lead Service Resolved, that the Mayor and City Clerk are authorized and approved to enter into the Financial Assistance Agreement (FAA) for the Safe Drinking Water Loan 4887-09 for Lead Service Replacements. Fiscal Note: The FAA will make available up to $1,400,000.00 in a principal forgiveness loan for lead service lateral replacements.
Sponsors: Q.A. Shakoor II
Related files: 0285-18

Sponsor

Alderman Shakoor

 

Title

Safe Drinking Water Loan 4887-09 for Lead Service

 

Resolved, that the Mayor and City Clerk are authorized and approved to enter into the Financial Assistance Agreement (FAA) for the Safe Drinking

Water Loan 4887-09 for Lead Service Replacements.

 

Fiscal Note: The FAA will make available up to $1,400,000.00 in a principal forgiveness loan for lead service lateral replacements.