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HomeMy WebLinkAbout2021-562-08.30.2021Prepared by, LeAnn M. Even Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2021-562 RESOLUTION APPROVING SUBMISSION OF A STATE REVOLVING FUND WATER RESOURCE RESTORATION SPONSORED PROJECT GRANT APPLICATION, IN THE AMOUNT OF $517,000, IN CONJUNCTION WITH THE TITUS (MIDLAND AVENUE) LIFT STATION AND FORCE MAIN CONSTRUCTION PROJECT. WHEREAS, the City of Waterloo, Iowa, is currently implementing a project for the construction of a wet detention basin on Sunnyside Creek south of West San Marnan Drive and north of US Highway 20 and Sunnyside Creek stream bank restoration from West San Marnan Drive to West Ridgeway Avenue, 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 $500,000 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, to approve the City's Application for the SRF Water Resource Restoration Sponsored Projects program, in the amount of $517,000, in conjunction with the Titus (Midland Avenue) Lift Station and Force Main construction project. BE IT FURTHER RESOLVED that the Mayor and City Clerk are authorized and directed to take all necessary administrative actions to implement this resolution. PASSED AND ADOPTED this 30th day of August 2021. DIGITALLY SIGNED Quentin Hart, Mayor ATTEST: omiF TALLY u et Ve, SI�GNED Kelley Felchle, City Clerk SEAL