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HomeMy WebLinkAbout03-155 DATE SUBMITTED: July 23, 2003 BILL # 03- / ~'~ AGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Acceptance of Loan Committee Meeting Date: 8/12/2003 Agreements No. PW-03-691-004, and 01- COUNCIL MEET1NG Date: 8/20/2003 65101-003. Departmen~t: .PW,.& U, Engineering Presen~:~J~'fiomas Knuckey Phone: 473-2376 SUMMARY: The City has been awarded a Public Works Trust Fund Loan in the amount of $475,000 for Design and Constuction of CSO Reduction Improvements for sewer sub-basin 12 in Anderson Cove. The City also received a Drinking Water State Revolving Fund Loan in the amount of $1,055,700 for Design and Construction of improvements to increase flow of drinking water to East Bremerton. These agreements are under the same terms and conditions as prior agreements. ATTACHMENTS: None FISCAL IMPACTS (Include Budgeted Amount): Funds would not be available for these two projects. APPROVALS: ~'~c..-.~ DEPARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MAYOR: ~-.-~7 (/ff~~ "~ FISCAL/BUDGET: OPERATIONS: ~~v~/,~ CONSENT AGENDA COUNCIL PRESIDENT: RECOMMENDED MOTION: I move to approve Drinking Water State Revolving Fund Loan No. 01-65101-003, and Public Works Trust Fund Loan No. PW-03-691-004, and authorize the Mayor to finalize and execute the loan agreements. ab, Agenda Bills 2003, PWTF and DWSJ~/loans, 84)3 COUNCIL ACTION: [.~Approve [] Deny [] Table [] Continue [] No Action