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HomeMy WebLinkAbout4397 Resolution - DWSRF Construction Loan App-West Pasco WTPRESOLUTION NO.4397 A RESOLUTION OF THE CITY OF PASCO, WASHINGTON, AUTHORIZING THE SUBMITTAL OF A DRINKING WATER STATE REVOLVING FUND LOAN APPLICATION FOR THE WEST PASCO WATER TREATMENT PLANT EXPANSION PROJECT FOR A LOAN AMOUNT OF UP TO $12,000,000. WHEREAS, the City of Pasco (City) presently provides domestic water to more than 80,000 citizens; and WHEREAS, the City relies on the Columbia River for its domestic raw water supply; and WHEREAS, the West Pasco Water Treatment Plan (West Pasco WTP) provides approximately one -quarter of the City's potable water; and WHEREAS, the 2019 Comprehensive Water System Plan identified needed improvements to the West Pasco WTP in order to increase water filtration capacity from 12 Million Gallons per Day (MGD) to 18 MGD; and WHEREAS, to help fund these improvements, the City would like to pursue a construction Drinking Water State Revolving Fund (DWSRF) loan with 2.25% interest loan rate, for a maximum award of $12,000,000; and WHEREAS, the loan agreement has a term of 20-years and a one percent (1 %) service fee upon execution; and WHEREAS, applications for DWSRF loans require authorizations of the legislative body. WHEREAS, if the City is selected as a recipient for the DWSRF loan, the loan agreement will be subject to City Council review and approval. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON: That the City Council, of the City of Pasco, hereby authorizes the submittal of the construction loan application to the DWSRF for the West Pasco WTP Expansion Project and; Be It Further Resolved, that this Resolution will take effect immediately. Resolution - DWSRF Construction Loan App for West Pasco WTP Expansion Project - 1 PASSED by the City Council of the City of Pasco, Washington, on this 20ffi day of November, 2023. Blanc "e Barajas Mayor ATTEST: Debra Barham, CMC City Clerk APPROVED AS TO FORM: r Kerr F son Law, PLLC Ci ttorneys Resolution - DWSRF Construction Loan App for West Pasco WTP Expansion Project - 2