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File #: 0244-23    Version: A Name: Subject: Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to Filtration System Rehabilitation Project The Water Utility Director presented a Resolution, which provides that all costs related to the Project are rolled in
Type: Communication Status: Passed
File created: 3/8/2023 In control: Finance and Personnel Committee
On agenda: 4/17/2023 Final action: 4/17/2023
Title: Subject: Communication sponsored by Alder Taft, on behalf of the Waterworks Commission submitting a Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to the Filtration System Rehabilitation Project. Recommendation of the Finance and Personnel Committee on 04-10-2023: That the Waterworks Commission be allowed Consideration and Approval to submit the Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to the Filtration System Rehabilitation Project. Fiscal Note: The aggregate principal amount of debt for the Project is expected not to exceed $19,000,000.00. Funding for the project to be financed through the FY 2024 WDNR Safe Drinking Water Loan Program at an anticipated rate of 2.5%, with the balance reduced by eligible Principle Forgiveness earned.
Attachments: 1. draft comfort resolution_filtration system rehabilitation, 2. #0244-23 Resolution

Title

Subject: Communication sponsored by Alder Taft, on behalf of the Waterworks Commission submitting a Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to the Filtration System Rehabilitation Project.

 

Recommendation of the Finance and Personnel Committee on 04-10-2023: That the Waterworks Commission be allowed Consideration and Approval to submit the Resolution Regarding Declaration of Official Intent to Reimburse Costs Attributed to the Filtration System Rehabilitation  Project.

 

Fiscal Note: The aggregate principal amount of debt for the Project is expected not to exceed $19,000,000.00. Funding for the project to be financed through the FY 2024 WDNR Safe Drinking Water Loan Program at an anticipated rate of 2.5%, with the balance reduced by eligible Principle Forgiveness earned.