City of Racine - File #: 0576-21

• 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
• 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.

Date	Ver.	Action By	Action	Result
7/20/2021	A	Common Council	Approved as Presented	Pass
7/12/2021	A	Finance and Personnel Committee	Recommended For Approval	Pass

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.