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File #: 0577-21    Version: A Name: Subject: Communication sponsored by Alder Taft submitting a Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.
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 Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project. Recommendation of the Finance and Personnel Committee on 07-12-2021: To approve, and that Mayor Mason and the City Clerk be authorized to sign the Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project. Fiscal Note: The Racine Water Utility applied for a Safe Drinking Water Loan through the State of Wisconsin. It may expend up to $1,610,120 in internal funds through December 10th, 2021 that would be reimbursed by loan funds by the end of 2021.
Attachments: 1. ABM.2, 2. Declaration of Official Intent to Reimburse Lead Service Lateral Replacement Project, 3. #0577-21 Resolution

Title

Subject: Communication sponsored by Alder Taft submitting a Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.


Recommendation of the Finance and Personnel Committee on 07-12-2021: To approve, and that Mayor Mason and the City Clerk be authorized to sign the Resolution regarding Declaration of Official Intent to Reimburse the Lead Service Lateral Replacement Project.

 

Fiscal Note: The Racine Water Utility applied for a Safe Drinking Water Loan through the State of Wisconsin. It may expend up to $1,610,120 in internal funds through December 10th, 2021 that would be reimbursed by loan funds by the end of 2021.