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HomeMy WebLinkAbout02/06/2019 5IAGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Clean Water State Revolving Fund Loan Agreement for the Oyster Bay Beach Sewer Upgrades (OB -2 to OB -1) Project Study Session Date COUNCIL MEETING Date Department Presenter Phone 5I January 23, 2019 February 6, 2019 Engineering Tom Knuckey (360) 473-2376 SUMMARY: The City has been offered $3,800,000 in the form of a CWSRF loan from the Department of Ecology for the Oyster Bay Beach Sewer Upgrades — OB -2 to OB -1 Project (Agreement No. WQC-2018-BremPW-00117). The project includes the design and installation of grinder pumps at 53 properties as well as upland gravity and low pressure collection system improvements. The project will reduce sanitary sewage discharges from broken residential sewer laterals. The requested action before the City Council is approval of the CWSRF Loan and authorization for the Mayor to finalize and execute the loan agreement. ATTACHMENTS: 1) CWSRF Loan Agreement WQC-2018-BremPW-00117 2) Summary FISCAL IMPACTS (Include Budgeted Amount): These funds are necessary to make these sanitary sewer system improvements. This loan will provide $3,800,000 for the project. Utilizing these low-interest (1.5%) loans effectively reduces the cost of upgrading this essential infrastructure. STUDY SESSION AGENDA: o Limited Presentation ❑ Full Presentation STUDY SESSION ACTION: o Consent Agenda ❑ General Business ❑ Public Hearing RECOMMENDED MOTION: Move to approve the Clean Water State Revolving Fund Loan with the Washington State Department of Ecology for the Oyster Bay Beach Sewer Upgrades — OB -2 to OB -1 Project; and authorize the Mayor to finalize and execute the agreement with substantially the same terms and conditions as presented. COUNCIL ACTION: 0 Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/02/2018