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HomeMy WebLinkAbout03-157DATE SUBMITTED: July 23, 2003 BILL AGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Resolution No. ~ ~[OI Committee Meeting Date: 8/12/2003 Authorizing the City to Receive Three State COUNCIL MEET1NG Date: 8/20/2003 Revolving Fund Loans. Departmen_t:.~.P.W.&U, Engineering Presen~tl'fiomas Knuckey Phone: 473-2376 SUMMARY: The City applied for and received awards for two State Revolving Fund (SRF) Loans (No. L0400003 and No. L0300034) for Design and Construction of CSO Reduction Improvements in the Pacific Avenue Basin totalling $1,250,000; and one SRF loan (No. L0400004) in the amount of $200,000 to perform an Inflow and Infiltration Study in the Anderson Cove Basin. State regulations require an approved resolution to receive these funds. ATTACHMENTS: Resolution No. ~L~ 0 [ FISCAL IMPACTS (Include Budgeted Amount): Adequate fimds would not be available to complete CSO Reduction Improvements required by federal consent decree APPROVALS: 5~ DEPARTMENT DIRECTOR: ~ ,.. CITY ATTORNEY: FINANCE DIRECTOR: COUNCIL PRESIDENT: RECOMMENDED MOTION: I move to pass Resolution No. ~,lqO [ authorizing the City to receive SRF Loans No. L0400003, L0300034, and L0400004, and authorize the Mayor to finalize and execute the loan agreements. COUNCIL ACTION: ~'pprove [] Deny [] Table [] Continue [] No Action ab, Agenda Bills 2003, SRF Loans, 84)3