Consideration of a Resolution Authorizing the Submission of a Request to Increase the Principal Amount of the Clean Water SRF Loan #182 for the Wastewater Treatment Plant Replacement Facility
Public Works seeks authorization to submit a request to the State Loan and Investment Board for a $7.5 million increase to the City's current CWSRF Loan #182 for the construction of the Wastewater Treatment Plant Replacement Facility Project. This increase would match a recently submitted ARPA Grant request for the project. If awarded, construction of the new WWTP facility could begin in 2023. The new facility construction is expected to take approximately two years.
Suggested Motion: I move to approve the resolution authorizing the submission of a request to increase the principal amount of Clean Water SRF Loan #182 for the construction of the Wastewater Treatment Plant Replacement Facility Project by $7.5 million for a new loan amount of $35.1 million on behalf of the Governing Body of the City of Green River and authorize the Mayor to sign all pertinent loan documents.