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Commission approves resolution to submit $20 million SRF loan application for east wastewater facility
Summary
The commission authorized staff to submit a State Revolving Fund application seeking $20 million for construction of the east wastewater facility replacement, moving the project forward in the state priority list.
City staff presented Item 501 asking the commission to approve submission of an SRF loan application for $20 million to fund construction of the east wastewater facility replacement. Staff said the city had been ranked high on the SRF priority list and that the loan is part of the larger wastewater capital plan discussed earlier in the meeting.
A motion to approve the resolution to submit the SRF application was made and seconded; commissioners voted in favor and the motion carried. Staff noted the SRF loan is one of several funding streams being pursued in conjunction with the rate plan and reserves.
The approval authorizes staff to finalize and submit the SRF documentation for the $20 million construction phase and to continue coordinating with state program managers on project scheduling and disbursements.
