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Council approves $2.6 million bond resolution to support East David Street sewer work; EFC funds part of project
Summary
Council authorized a bond ordinance of $2,604,000 for sewer improvements on East David Street to support the city's application to the Environmental Facilities Corporation (EFC) SRF program; the manager said EFC committed $1.3 million and another $651,000 is available, leaving a local share of $651,000.
The council authorized a bond ordinance totaling $2,604,000 for sewer improvements on East David Street and heard staff explain how the package fits into state funding programs.
City staff said the total project cost is $2,604,000 and that the city has already received $1,300,000 from the Environmental Facilities Corporation (EFC), plus an additional $651,000 in funding, leaving a local share of $651,000 the city must cover or mitigate with further grants. "The 2,600,000 is the total amount of the project. We've received $1,300,000 from EFC, another $651,000. So the actual local share on this program is $651,000," the city manager said during the discussion.
Staff told the council the bond resolution is a required step to apply for EFC SRF (State Revolving Fund) hardship loan funding; it does not force the city to borrow if alternative funding becomes available. The manager outlined a possible timeline: water work this year and sewer work next year, noting council earlier allowed the water portion to be done in-house to save funds.
The resolution passed by roll-call vote. Council members emphasized the city's continuing effort to pursue grant funding to reduce the local share and asked that staff continue to pursue mitigation options.
