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HomeMy WebLinkAbout25-024 Authorizing the Application for Loan Funding For Final Design and Construction of Lawrence Street Combined Sewer Separation Project in an Amount not to Exceed $4,500,000Resolution 25-024 RESOLUTION NO.25-024 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, WASHINGTON, AUTHORIZING THE APPLICATION FOR LOAN FUNDING FOR FINAL DESIGN AND CONSTRUCTION OF LAWRENCE STREET COMBINED SEWER SEPARATION PROJECT IN AN AMOUNT NOT TO EXCEED $4,500,000 WHEREAS, The City of Port Townsend's (City) 2024 Adopted General Sewer Plan, Capital Improvement Project No. SM9 identifies the need to separate stormwater inflow and sanitary sewer flow in Lawrence Street from approximately Tyler Street to Monroe Street; and WHEREAS, Preliminary (30%) design for the separation project is currently being performed under a combined grant and loan from the Washington State Public Works Board; and WHEREAS, The City will apply for a construction loan from the Washington State Public Works Board and, potentially, a Clean Water State Revolving Fund (CWSRF) loan from Department of Ecology's Water Quality Combined Funding Program, in a total combined amount not to exceed $4,500,000; and WHEREAS, The City commits to the responsibility to repay the loan(s) and abide by the provisions of the loan agreement(s) if awarded; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Townsend to authorize application for loans for the Lawrence Street Combined Sewer Separation Project in an amount not to exceed $4,500,000. ADOPTED by the City Council of the City of Port Townsend at a regular meeting thereof, held this 41" day of August, 2025. Attest: M I ri gues C:`i y Clerk