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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.
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