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Title:
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AUTHORIZATION FOR APPLICATION TO THE STATE WATER RESOURCES CONTROL BOARD FOR THE WATER RECYCLING FUNDING PROGRAM FOR REDUCED RATE LOAN FINANCING OR GRANT FINANCING IN THE AMOUNT OF $21,315,000 FOR THE JACKSON STREET RECYCLED WATER PIPELINE PROJECT PHASES I AND II – AND ADOPTION OF AUTHORIZING RESOLUTION, REIMBURSEMENT RESOLUTION, AND PLEDGED REVENUE AND FUND(S) RESOLUTION
That the Board of Public Utilities recommend that the City Council:
1. Adopt an Authorizing Resolution for the City Manager, or his designee, to sign and submit the Clean Water State Revolving Fund application for financial assistance (either a grant or a loan) for the Jackson Street Recycled Water Pipeline Project (Project), Phase I and II;
2. Adopt a reimbursement resolution for financing the costs of constructing the Project through such loan; and
3. Adopt a pledged revenue and fund(s) resolution for repayment of any financing costs for constructing the Project.
(presentation by Todd Jorgenson – 2...
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