HomeMy WebLinkAbout4456 Resolution - PWB Loan Application BWTP ImprovementsResolution – PWB Loan App for Butterfield WTP Improvements - 1
RESOLUTION NO. 4456
A RESOLUTION OF THE CITY OF PASCO, WASHINGTON,
AUTHORIZING THE SUBMITTAL OF A PUBLIC WORKS BOARD LOAN
APPLICATION FOR THE BUTTERFIELD WATER TREATMENT PLANT
IMPROVEMENTS PROJECT.
WHEREAS, the Butterfield Water Treatment Plant (WTP), originally built in 1946,
having been expanded and improved through the years has reached the end of its useful life; and
WHEREAS, the City of Pasco (City) completed the Butterfield WTP Facilities Plan,
which defines a capital improvement strategy to address capacity, water quality, safety, and end -
of-life deficiencies; and
WHEREAS, to help fund these improvements, the City is requesting authorization to
submit an application for a low-interest construction loan with the Public Works Board (PWB);
and
WHEREAS, the PWB Pre-Construction and Construction Loan Program makes funds
available to counties, cities, and special purpose districts to repair, replace, or create infrastructure.
This program is funded through federal and state money and subject to state and federal
regulations; and
WHEREAS, the PWB loan application process requires documentation of City Council
approval of the submittal of a PWB loan application; and
WHEREAS, as currently advertised, PWB construction loans have a 1.71% interest rate;
and
WHEREAS, if the City is selected as a recipient for the PWB construction 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 Public Works Board for the Butterfield WTP Improvements
Project.
Be It Further Resolved, that this Resolution shall take effect immediately.
Resolution – PWB Loan App for Butterfield WTP Improvements - 2
PASSED by the City Council of the City of Pasco, Washington, on this 3rd day of June,
2024.
_____________________________
Pete Serrano
Mayor
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________
Debra Barham, CMC Kerr Ferguson Law, PLLC
City Clerk City Attorneys