HomeMy WebLinkAbout02-139 AGENDA BILL
BREMERTON CITY COUNCIL
1. SUBJECT: STATE REVOLVING FUND FOR AGENDA OF: July 10, 2002
LOAN AGREEMENTS BETWEEN ORIGINATING DEPT:~ Public Works & Utilities
DEPARTMENT OF ECOLOGY ORIGINATOR:~/t.W. Eugene Sampley, Director~gt'
AND CITY OF BREMERTON DATE SUBMITTED:~ June 25, 2002
sary) 3. EXHIBITS:
1. Exhibit "A" - Summary of SRF Loans
~' ~ · ~ ~ 2. Resolution ~bt~ (Anderson Cove Loan)
Ci ea r _
,~.//,,'~ -,r-~-'l..-z~.// 3. Resolutiono2~b~(Four CSO Loans)
Counc~~ '1 Fis/~ ~ommittee
C~'nc~'()p erations Committee
ENDORSEMENT [ ] INFORMATION [ ] APPROVED BY COUNCIL PRESIDENT FOR
SUBMITTAL:
L PRESIDENT
4. SUMMARY STATEMENT AND ~EQUIREMENT FOR COUNCIL ACTION:
The City of Bremerton applied for and received awards for five Washington State Water Pollution Control
Revolving (SRF) Fund low-interest loans to fund improvements included in the City's Combined Sewer
Overflow (CSO) Reduction Program. The final loan agreement in the amount of $640,427 for reimbursement for
Anderson Cove CSO Reduction Facilities (Loan No. L0200026) has been approved and is ready for execution.
Draft loan agreements are prepared for Cherry/Trenton CSO Reduction ($1,000,000), Trenton Avenue Pump
Station Improvements ($1,000,000), Tracyton Beach CSO Reduction ($693,000), and Anderson Cove Basin 12
($650,000).
(Continued on next page)
5. RECOMMENDATION:
1.) The City Council approve Resolution,~0~6~anthorizing the City of Bremerton to receive SRF Loan
No. L0200026 and authorize the Mayor to execute the same.
2.) The City Council approve Resolution ~&~' authorizing the City of Bremerton to receive SRF
Loans for Cherry/Trenton CSO Reduction, Trenton Avenue Pump Station Improvements, Tracyton
Beach CSO Reduction, and Anderson Cove Basin 12 and authorize the Mayor to execute the same
subject to City Attorney approval of final relevant terms and conditions.
9. RESPONSIBLE OFFICIAL: Director Pub Wks & Util
ENFORCEMENT OFFICIAL: Director Pub Wks & Util
EXPIRATION DATE:
REVIEW DATE:
10. NOTICE OF ACTION ~ee~Jccgilt ,Ido,
PULLED [ I TABLED [ I APPROVED [v]4ISAPPROVED [ ] AMENDED [ ]
COUNCIL DIRECTIVE:
2. CLEARANCE COMMENTS:
4. SUMMARY STATEMENT (Continued)
Copies of each loan agreement are attached herein by reference and a summary of loan conditions is attached as
Exhibit "A". The action before the City Council is approval of Resolution __ authorizing the City of
Bremerton to receive SRF Loan Agreement No. L0200026 and Resolution __ authorizing additional SRF loan
agreements set forth in Exhibit "A" subject to City Attorney approval of final relevant terms and conditions.
5. IMPACT ON NON-PASSAGE:
Adequate funding will not be available to complete CSO Reduction Plan improvements required by the federal
consent decree~
6. IMPACT ON STAFFING~ BUDGETS~ FACILITIES~ EQUH'MENT AND OTHER RESOURCES:
Staffing: None
Budget: These revenues are projected in the adopted 2002 budget and the proposed 2003 budget
as appropriate.
Facilities/Equipment: No impact.
7. RESEARCH SOURCES: None.