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
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