HomeMy WebLinkAbout4444 Resolution - Public Works Board Loan_Grant of Butterfield WTP Improvements
Resolution – PWB Loan/Grant Award for Butterfield WTP - 1
RESOLUTION NO. 4444
A RESOLUTION OF THE CITY OF PASCO, WASHINGTON,
AUTHORIZING THE CITY MANAGER TO EXECUTE A $1M LOAN/GRANT
($850K LOAN AND $150K GRANT) WITH THE PUBLIC WORKS BOARD
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, on March 21, 2024, the Public Works Board awarded the City of Pasco a low
interest loan and grant for the design and construction of this project with a 1.38% interest rate and
loan term of five (5) years; and
WHEREAS, the City Council of the City of Pasco, Washington, has after due
consideration, determined that it is in the best interest of the City to enter into this loan with the
Public Works Board.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PASCO, WASHINGTON:
That the City Council of the City of Pasco approves the terms and conditions of the Loan
between the City of Pasco and the Public Works Board, attached hereto and incorporated herein
by as Exhibit A.
Be It Further Resolved, that the City Council hereby authorizes the City Manager to
execute to Loan Agreement between the City of Pasco and the Public Works Board; and to make
minor substantive changes as necessary to execute the Agreement.
Be It Further Resolved, that this Resolution shall take effect immediately.
Resolution – PWB Loan/Grant Award for Butterfield WTP - 2
PASSED by the City Council of the City of Pasco, Washington, on this 15th day of April,
2024
_____________________________
Pete Serrano
Mayor
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________
Debra Barham, CMC Kerr Ferguson Law, PLLC
City Clerk City Attorneys
Washington State
Public Works Board
Post Office Box 42525
Olympia, Washington 98504-2525
Administrative services provided by the Department of Commerce
(360) 725-2744 Fax (360) 586-8440 www.pwb.wa.gov
March 21, 2024
Adam Lincoln, City Manager
City of Pasco
525 N. 3rd Ave
Pasco, WA 99301
Dear Adam Lincoln,
Thank you for applying to the Public Works Board (PWB) Pre-construction Program.
Congratulations, the PWB conditionally approved your pre-construction application at
its February 2, 2024 board meeting. Your Butterfield WTP Improvements - Project 1
project has been awarded $1,000,000. The approval date is the award date. Any eligible
costs incurred from that date forward are reimbursable.
The threshold checks and underwriting for your project are complete. The PWB offers
this rate and term for your project: the award will be $850,000 as a loan and $150,000 as
a grant. The loan interest rate is 1.38% with a loan term of 5 years.
The PWB processes contracts electronically. Upon receipt of the contract, please
facilitate its review through your internal process in a timely manner and return an
executed contract within 6 months. Failure to do so in that timeframe will result in
withdrawal of the award.
Once again, thank you for applying to the Public Works Board. Please contact PWB
Programs Manager Tammy Mastro by email at tammy.mastro@commerce.wa.gov if you
have any questions.
Sincerely,
Sheila Richardson
PWB Programs Director and Tribal Liaison
cc: Application File