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File #: 0576-21    Version: A Name: Subject: Communication sponsored by Alder Taft submitting a Financial Assistance Agreement Resolution for Safe Drinking Water Loan for Lead Service.
Type: Communication Status: Passed
File created: 7/8/2021 In control: Finance and Personnel Committee
On agenda: Final action: 7/20/2021
Title: Subject: Communication sponsored by Alder Taft submitting a Financial Assistance Agreement Resolution for Safe Drinking Water Loan for Lead Service. Recommendation of the Finance and Personnel Committee on 07-12-2021: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement. Fiscal Note: The Racine Water Utility applied for a Safe Drinking Water Loan through the State of Wisconsin. The Financial Assistance Agreement will make available up to $1,610,120 in a principal forgiveness loan for lead service lateral replacements.
Attachments: 1. ABM.1 (1), 2. Financial Assistance Agreement Resolution, 3. #0576-21 Resolution

Title

Subject: Communication sponsored by Alder Taft submitting a Financial Assistance Agreement Resolution for Safe Drinking Water Loan for Lead Service.  

 

Recommendation of the Finance and Personnel Committee on 07-12-2021: To approve and authorize the Mayor and City Clerk to enter into the Financial Assistance Agreement.

 

Fiscal Note: The Racine Water Utility applied for a Safe Drinking Water Loan through the State of Wisconsin. The Financial Assistance Agreement will make available up to $1,610,120 in a principal forgiveness loan for lead service lateral replacements.