City of Racine - File #: 0886-22

• File #: 0886-22
• Version: A
• Name: Subject: Communication sponsored by Alder Taft on behalf of the Wastewater Utility requesting review and update of previously authorized Resolution #0552-21. Staff Recommendation: That the fiscal note of Resolution #0552-21 be updated to read: The Wast
• Type: Communication
• Status: Passed
• File created: 11/22/2022
• In control: Finance and Personnel Committee
• On agenda: 12/6/2022
• Final action: 12/6/2022
• Title: Subject: Communication sponsored by Alder Taft, on behalf of the Wastewater Utility, requesting review and update of previously authorized Resolution #0552-21. Recommendation of the Finance and Personnel Committee on 11-28-2022: That the fiscal note of Resolution #0552-21 be updated to read: 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 $21,200,000 amount borrowed. 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 $21,200,000 amount borrowed.

Date	Ver.	Action By	Action	Result
12/6/2022	A	Common Council	Approved as Presented	Pass
11/28/2022	A	Finance and Personnel Committee	Recommended For Approval

Title

Subject:  Communication sponsored by Alder Taft, on behalf of the Wastewater Utility, requesting review and update of previously authorized Resolution #0552-21.

Recommendation of the Finance and Personnel Committee on 11-28-2022:  That the fiscal note of Resolution #0552-21 be updated to read: 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 $21,200,000 amount borrowed.

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 $21,200,000 amount borrowed.