HomeMy WebLinkAbout2019-608-08/12/2019 Prepared by, LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-608
RESOLUTION APPROVING SUBMISSION OF AN
APPLICATION, IN THE AMOUNT OF $400,000, TO
THE STATE REVOLVING FUND WATER RESOURCE
RESTORATION SPONSORED PROJECT, IN CONJUNCTION
WITH THE FY 2020 SANITARY SEWER GATEWELL
REPAIRS, CONTRACT NO. 951.
WHEREAS, the City of Waterloo, Iowa, is currently implementing a project for the
construction of Sanitary Gatewell Repairs at a cost of approximately, $4,000,000, and
WHEREAS, Iowa law allows sewer utility revenues to finance a category of projects,
called Water Resource Restoration Sponsored Projects, and
WHEREAS, said project is eligible for about 10% of the SRF loan amount under the
State of Iowa's SRF Water Resource Restoration Sponsored Projects program sponsored by the
Iowa Department of Natural Resources, and
WHEREAS, said loan program would lower the cost of the project for the City of
Waterloo approximately $400,000 for future locally directed,watershed-based projects to address
water quality problems.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Waterloo, Iowa,
that the City's Application for the SRF Water Resource Restoration Sponsored Projects program
is hereby approved and the Mayor and City Clerk are authorized and directed to take all
necessary administrative actions to implement said resolution.
PASSED AND ADOPTED this 12th day of August 2019.
Quentin Hart, Mayor
ATTEST:-
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Kelley Fel! le
City Cler