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HomeMy WebLinkAbout4516 Resolution - Butterfield WTP DWSRF Loan Application ApprovalResolution - DWSRF Loan Application Approval for Butterfield WTP - 1 RESOLUTION NO. 4516 A RESOLUTION OF THE CITY OF PASCO, WASHINGTON, AUTHORIZING THE SUBMITTAL OF A DRINKING WATER STATE REVOLVING FUND (DWSRF) CONSTRUCTION LOAN APPLICATION FOR THE BUTTERFIELD WATER TREATMENT PLANT (WTP) IMPROVEMENTS PROJECT. WHEREAS, the Butterfield WTP, originally built in 1946, is nearing the end of its forecasted service life, and a phased replacement of the facility over the next 20 years is proposed; and WHEREAS, the City of Pasco (City) adopted 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 apply for a low-interest DWSRF construction loan with the Washington State Department of Health (DOH); and WHEREAS, the DWSRF Loan Program provides low-interest construction loans to fund municipal water system capital improvements that increase public health protection by ensuring safe and reliable drinking water infrastructure. This program is funded through the congressional Bipartisan Infrastructure Law (BIL) and subject to federal regulations; and WHEREAS, the DWSRF loan application process requires documentation of City Council approval of the submittal of a DWSRF loan application; and WHEREAS, as currently advertised, DWSRF construction loans have a maximum award amount of up to $15,000,000 per jurisdiction at a 1.75% interest rate; and WHEREAS, if the City is selected as a recipient for the DWSRF 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 Washington State Department of Health DWSRF Loan Program for the Butterfield WTP Improvements Project. Be It Further Resolved, that this Resolution shall take effect immediately. Resolution - DWSRF Loan Application Approval for Butterfield WTP - 2 PASSED by the City Council of the City of Pasco, Washington, on this 4th day of November, 2024. _____________________________ Pete Serrano Mayor ATTEST: APPROVED AS TO FORM: _____________________________ ___________________________ Debra Barham, MMC Kerr Ferguson Law, PLLC City Clerk City Attorneys