Loading...
HomeMy WebLinkAbout4767 Resolution - Approval for Application to Public Works BoardResolution - _____ - 1 Version 1.9.26 RESOLUTION NO. 4767 A RESOLUTION OF THE CITY OF PASCO, WASHINGTON, AUTHORIZING THE SUBMITTAL OF A PUBLIC WORKS BOARD PRE- CONSTRUCTION LOAN APPLICATION FOR THE BUTTERFIELD WATER TREATMENT PLANT LAND ACQUISITION PROJECT. WHEREAS, the Butterfield Water Treatment Plant (Butterfield WTP), originally built in 1946, is nearing the end of its forecasted service life, and a newly constructed plant 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, and end-of-life deficiencies; and WHEREAS, the City is requesting permission to submit an application for a low-interest pre-construction loan with the Public Works Board (PWB) to fund the acquisition of land to place the newly constructed WTP; 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 pre-construction loans have a 0.93% distressed interest rate; and WHEREAS, if the City is selected as a recipient for the PWB pre-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 pre- construction loan application to the PWB for the Butterfield WTP Land Acquisition Project. Be It Further Resolved, that this Resolution shall take effect immediately. Resolution - _____ - 2 Version 1.9.26 PASSED by the City Council of the City of Pasco, Washington, on this 20th day of July, 2026. Charles Grimm Mayor ATTEST: APPROVED AS TO FORM: _____________________________ ___________________________ Gabriela Sanchez Ogden Murphy Wallace, PLLC City Clerk City Attorney