Title
Subject: Communication sponsored by Alder Taft, for a Resolution Regarding Declaration of Official Intent to Reimburse for Costs Attributed to the Wastewater Plant Facilities Upgrade Project
Recommendation on August 17, 2021: Defer
Recommendation of the Racine Waterworks Commission on September 21, 2021: To approve and authorize the Mayor and City Clerk to sign the Comfort Resolution regarding Declaration of Official Intent to Reimburse for the Wastewater Plant Facilities Plant Upgrade project
FURTHER RECOMMEND THAT THIS ITEM BE REFERRED TO THE FINANCE AND PERSONNEL COMMITTEE
Recommendation of the Finance and Personnel Committee on 09-27-2021: To approve.
Fiscal Note: The Racine Wastewater Utility is applying for a Clean Water Fund Loan. All costs expended attributed to the plant upgrade may be rolled into the loan, and principal forgiveness may be awarded to reduce the amount borrowed.