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Council approves grant-anticipation note for lead service-line replacement
Summary
Council approved a resolution authorizing a grant anticipation note to fund the lead service-line replacement portion of the Ninth Street project, with Administrator Bergstrom and staff confirming the money comes from a PFA grant bucket; vote was unanimous.
The council approved a resolution authorizing a grant anticipation note to finance the lead service-line replacement that was incorporated into the Ninth Street project.
Administrator Bergstrom explained that the appropriations were part of the project and that the lead-service-line replacement funding is a separate “bucket” provided by the PFA. He characterized the action as administrative authorization to use the grant funds for the lead replacement portion.
The council approved the resolution by unanimous vote.
Next steps: staff will proceed with financing consistent with the PFA grant terms; no additional conditions were recorded in the meeting minutes.
