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Council advances SRF loan proceedings for $2.66M WRRF industrial controls upgrade
Summary
Council set proceedings for a State Revolving Fund loan not to exceed $2,663,000 to replace out‑of‑date industrial control systems at the Water & Resource Recovery Center; staff said the upgrade is not related to a previously reported explosion, and the loan would be abated to the sanitary sewer fund.
The council approved proceedings to issue sewer revenue capital loan notes not to exceed $2,663,000 for industrial control upgrades at the Water & Resource Recovery Center.
Chief Financial Officer Jennifer Larson explained the loan would be a variable‑rate SRF financing (approximately 2.85% plus a 0.25% servicing fee over 20 years) and be abated from the sanitary sewer fund. Staff emphasized the project replaces unsupported control systems and will modernize operations; Van Milligan clarified it is not related to a past explosion. The resolution to set the public hearing and proceed with loan documents passed 7‑0.
