0220-24
Subject: Communication sponsored by Alder McCarthy, on behalf of the Racine Waterworks Utility Director, requesting approval of a resolution regarding declaration of official intent to reimburse costs attributed to the 2025 Water Main Replacement Project. Recommendation of the Finance and Personnel Committee on 04-08-2024:: That the Racine Waterworks Utility Director be granted approval for a resolution regarding declaration of official intent to reimburse costs attributed to the 2025 Water Main Replacement Project. Recommendation of the Waterworks Commission on 03/19/2024: To approve with a referral to the Finance & Personnel Committee. Fiscal Note: The aggregate principal amount of debt for the project is expected not to exceed $4,500,000 with the balance reduced by eligible Principal Forgiveness earned. Funding for the Project to be financed through the FY 2025 WDNR Safe Drinking Water Loan Program.
- Committee
- Finance and Personnel Committee
- Introduced
- March 8, 2024
- On agenda
- April 15, 2024
- Passed
- April 15, 2024
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