HomeMy WebLinkAbout15-021 Drinking Water State Revolving Fund Loan Acceptance Resolution 15-021
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RESOLUTION NO. 15-021
A RESOLUTION OF THE CITY COUNCI.L OF THE CITY OF PORT TOWNSEND,
WASHINGTON, AUTHORIZING THE CITY MANAGER TO ACCEPT LOANS FROM
THE WASHINGTON STATE DEPARTMENT OF HEALTH DRINKING WATER
STATE REVOLVING FUND (DWSRF) TO FUND THE MANDATED LONG TERM 2
ENHANCED SURFACE WATER TREATMENT MEMBRANE FILTRATION
FACILITY AND THE 5 MILLION GALLON RESERVOIR REPLACEMENT
WHEREAS,the City is required to comply with the Long Term 2 Enhanced Surface
Water Treatment Rule (LT2ESWTR) regulation for providing at least 2-log inactivation or
removal of Cryptosporidium; and
WHEREAS,the City has chosen a membrane filtration treatment facility to meet
compliance with the LT2ESWTR; and
WHEREAS, the LT2ESWTR membrane filtration facility's estimated total project cost
is $17 Million; and
WHEREAS,the LT2ESWTR membrane filtration facility project is in the final design
stage with construction estimated to start in mid-2015 and to be complete in 2016; and
WHEREAS,the City of Port Townsend desires to accept from the Washington State
Department of Health, Drinking Water State Revolving Fund , (DWSRF) construction loan; and
WHEREAS, a DWSRF loan is for$5,053,250 at a 1.0% fixed interest rate with a loan
repayment period of 24 years or life of the membrane filtration treatment facility project, whichever is
less; and
WHEREAS, the total of the DWSRF loan of$5,053,250 is to cover a portion of the total
project cost;
WHEREAS, the City has also chosen to replace its 5 million gallon reservoir with a new
5 million gallon reservoir that meets current seismic standards; and
WHEREAS,the 5 million gallon reservoir's estimated total project cost is $9 Million;
and
WHEREAS,the 5 million gallon reservoir project is in the final design stage with
construction estimated to start in mid-2015 and to be complete in 2016; and
WHEREAS, the City of Port Townsend desires to accept from the Washington State
Department of Health, Drinking Water State Revolving Fund, (DWSRF) construction loan; and
WHEREAS, a DWSRF loan is for$6,896,007 at a 1.5% fixed interest rate with a loan
Resolution 15-021
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repayment period of 20 years or life of the 5 million gallon reservoir, whichever is less; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend that the City Manager is hereby authorized to accept the Washington State
Department of Health Drinking Water State Revolving Fund (DWSRF) Construction Loans.
ADOPTED by the City Council of the City of Port Townsend at a regular meeting thereof, held
this 18th day of May 2015.
David King
Mayor
Attest: Approved as to form:
Joanna Sanders, CMC Steven L. Gross
City Clerk City Attorney