City of Racine - File #: 0525-18

• File #: 0525-18
• Version: A
• Name: FAA for CWFLP Proj. 4285-19 (Res. No. 0193-18)
• Type: Communication
• Status: Passed
• File created: 5/17/2018
• In control: Finance and Personnel Committee
• Final action: 6/19/2018
• Title: Subject: Communication from the General Manager of the Wastewater Utility to discuss the Financial Assistance Agreement for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-19, Lift Station No. 2 Storage Project (Res. No. 0193-18) Recommendation of the Wastewater Commission on 5/29/18: To approve and authorize the Mayor and acting City Clerk to enter into the Financial Assistance Agreement (FAA) Recommendation of the Finance & Personnel Committee on 06/11/2018: To approve and authorize the Mayor and acting City Clerk to enter into the Financial Assistance Agreement (FAA) for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-19, Lift Station No. 2 Storage Project. Fiscal Note: The FAA will make available up to $13,788,291 with up to $700,000.00 in principal forgiveness for the Lift Station No. 2 Storage Project.
• Related files: Res.0193-18

Date	Ver.	Action By	Action	Result
6/19/2018	A	Common Council	Approved as Presented	Pass
6/11/2018	A	Finance and Personnel Committee	Recommended For Approval	Pass
6/5/2018	A	Common Council	Referred	Pass
5/29/2018	A	Wastewater Commission	Recommended For Approval	Pass

Title

Subject: Communication from the General Manager of the Wastewater Utility to discuss the Financial Assistance Agreement for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-19, Lift Station No. 2 Storage Project (Res. No. 0193-18)

Recommendation of the Wastewater Commission on 5/29/18: To approve and authorize the Mayor and acting City Clerk to enter into the Financial Assistance Agreement (FAA)

Recommendation of the Finance & Personnel Committee on 06/11/2018: To approve and authorize the Mayor and acting City Clerk to enter into the Financial Assistance Agreement (FAA) for the Clean Water Fund Loan Program (CWFLP), Project No. 4285-19, Lift Station No. 2 Storage Project.

Fiscal Note: The FAA will make available up to $13,788,291 with up to $700,000.00 in principal forgiveness for the Lift Station No. 2 Storage Project.