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Subject: Communication sponsored by Alder Taft, on behalf of Wastewater Utility, requesting a resolution regarding Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project.
Recommendation of the Finance and Personnel Committee on 11-28-2022: To review and approve a Declaration of Official Intent to reimburse for costs attributed to the Main Street-Goold Street Sanitary Sewer Improvements Project.
Fiscal Note: The Wastewater Utility is applying for a Clean Water Fund Loan. All costs expended attributed to the sewer improvements project may be rolled into the loan, and principal forgiveness may be awarded to reduce the estimated $34,500,000.00 amount borrowed.
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