HomeMy WebLinkAbout4349 Resolution - PWB Loan App for Butterfield WTP Improvements ProjectRESOLUTION NO.4349
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 infrastructure deficiencies; and
WHEREAS, the Butterfield WTP Improvements Project is a multi -phased complete
replacement of the existing plant infrastructure; 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 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 1.72% 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 authorizes the submittal of a Public Works Board Loan application
for the Butterfield Water Treatment Plant Improvements Project and further authorizes the City
Manager to execute the application documents; and
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Be It Further Resolved, that this Resolution shall take effect immediately.
PASSED by the City Council of the City of Pasco, Washington, on this 5 h day of June,
2023.
Blanc a Barajas
Mayor
ATTEST:
_ I
Debra Barham, CMC
City Clerk
APPROVED AS TO FORM:
Ke ergu son Law, PLLC CAttorneys
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