Loading...
HomeMy WebLinkAbout25-027 Authorizing the Application for Loan Funding for Final Design and Construction of Lawrence Street Combined Sewer Separation Project and the Wastewater Treatment Plant Outfall Project in an Amount not to Exceed $6,500,000Resolution 25-027 RESOLUTION NO.25-027 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 AND THE WASTEWATER TREATMENT PLANT OUTFALL PROJECT IN AN AMOUNT NOT TO EXCEED $6,500,000 WHEREAS, the City of Port Townsend's (City) 2024 Adopted General Sewer Plan, Capital Improvement Project No. F9 identifies the need to replace aging sewer outfall infrastructure; and WHEREAS, the City Council approved Resolution 25-024 authorizing a loan request not to exceed $4,500,000 for the Lawrence Street Combined Sewer Overflow Project; and WHEREAS, this resolution repeals and replaces Resolution 25-024; and WHEREAS, staff worked with Department of Ecology to add stormwater quality treatment to the Lawrence Street Combined Sewer Project necessitating an additional $500,000 loan amount; and WHEREAS, an amended Engineer's Report for the Outfall project includes partial repair and replacement of the on -shore concrete pipe section; and WHEREAS, the City will apply for a construction loan from the Washington State Department of Ecology's Clean Water State Revolving Fund (CWSRF) Water Quality Combined Funding Program, in a total combined amount not to exceed $1,500,000 for the Outfall Project; and WHEREAS, the combined loan amounts for the Lawrence Street Combined Sewer Over Flow Project and the Outfall project total $6,500,000; and WHEREAS, the General Sewer Plan and rate model anticipates issuance of $15,000,000 in debt in 2025 for sewer capital; and WHEREAS, State Department of Ecology and Public Works Board loans offer forgivable portions of the loan and low interest rates saving rate payers considerably compared to municipal bonds; 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 a loan for the Wastewater Treatment Plant (WWTP) Sewer Outfall Partial Replacement Project and the Lawrence Street Combined Sewer Overflow Project in an amount not to exceed $6,500,000. ADOPTED by the City Council of the City of Port Townsend at a regular meeting thereof, held this 2"d day of September, 2025. David J. Faber Mayor Attest: &ys Igues