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Council sunshines ordinance to seek WSRLA loan for Phase II Water Filtration Plant upgrade
Summary
Council member Mayo announced intent to introduce an ordinance authorizing the city manager to apply for and enter into a Water Supply Revolving Loan Account (WSRLA) agreement for the Phase II Water Filtration Plant Upgrade Project and dedicating a repayment source, declaring it an emergency.
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During the Public Utilities report, Council member Mayo "sun shined" an ordinance to authorize the City Manager to apply for, accept and enter into a Water Supply Revolving Loan Account (WSRLA) agreement on behalf of the city for the Phase II Water Filtration Plant Upgrade Project, and to dedicate a repayment source for the loan. Mayo declared the item an emergency, signaling an expedited process to follow introduction.
This announcement constitutes the council's formal notice of intent to bring the ordinance forward for consideration; no final vote on the loan agreement was recorded at the Nov. 10 meeting.
