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HomeMy WebLinkAbout13980 RESOLUTION NO. 13980 A RESOLUTION AUTHORIZING THE PUEBLO STORMWATER UTILITY ENTERPRISE TO SUBMIT A WATER POLLUTION CONTROL REVOLVING FUND APPLICATION TO THE COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT FOR VARIOUS STORMWATER PROJECTS AND EQUIPMENT AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, AS THE GOVERNING BODY OF THE PUEBLO STORMWATER UTILITY ENTERPRISE, that: SECTION 1: The President of the City Council is hereby authorized to execute and deliver a loan application through the State Revolving Fund Loan Program with the Colorado Department of Public Health and Environment for the Stormwater Utility Enterprise. SECTION 2: The officers and staff of the City are directed and authorized to perform any and all acts consistent with the intent of this Resolution to effectuate the policies and procedures described herein. SECTION 3: This Resolution shall become effective immediately upon passage and approval. INTRODUCED June 11, 2018 BY: Ed Brown MEMBER OF CITY COUNCIL APPROVED: PRESIDENT OF CITY COUNCIL ATTESTED BY: ACTING CITY CLERK City Clerk’s Office Item # M-1 BACKGROUND PAPER FOR PROPOSED RESOLUTION COUNCIL MEETING DATE: June 11, 2018 TO: President Christopher A. Nicoll and Members of City Council CC: Sam Azad, City Manager VIA: Brenda Armijo, Acting City Clerk FROM: Jeff Bailey, Acting Public Works Director SUBJECT: A RESOLUTION AUTHORIZING THE PUEBLO STORMWATER UTILITY ENTERPRISE TO SUBMIT A WATER POLLUTION CONTROL REVOLVING FUND APPLICATION TO THE COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT FOR VARIOUS STORMWATER PROJECTS AND EQUIPMENT AND AUTHORIZING THE PRESIDENT OF THE CITY COUNCIL TO EXECUTE SAME SUMMARY: This Resolution will authorize the Stormwater Utility Enterprise to apply for a loan through the State Revolving Fund Loan Program with the Colorado Department of Public Health and Environment to construct several large stormwater projects and purchase needed equipment. If this loan application is approved by the State, proposed loan agreements will be presented for approval by City Council. PREVIOUS COUNCIL ACTION: No previous City Council action. BACKGROUND: The Stormwater Utility Enterprise (Stormwater) is applying for approximately $7 million loan through the State Revolving Fund Loan Program with the Colorado Department of . Public Health and Environment (State) This is a low interest loan that will be utilized to construct several stormwater projects with costs greater than Stormwater’s annual budget. The five projects that qualify for the loan program are:  Lincoln Street and Abriendo Avenue Intersection Stormwater Improvements.  th 29 Street Pump Station Replacement.  th 29 Street Phase 1 & Phase 2 Stormwater Improvements.  Fountain Creek Flood Damage Improvements.  Stormwater Maintenance Equipment. FINANCIAL IMPLICATIONS: Should the State Revolving Fund Loan Program approve the loan application the term length will be for 20 years which will allow for smaller payments that will fit within the Stormwater’s annual budget. This loan will be at a low interest to be determined at the time of loan approval. BOARD/COMMISSION RECOMMENDATION: Not applicable for this Resolution STAKEHOLDER PROCESS: Loan pre-application requirements requires two separate public meetings to allow for public comments. The first meeting was held on February 28, 2018 to allow the public to view project plans and provide comments. The second public meeting was held on May 30, 2018 to allow the public to view the environmental assessment for the 29th Street Phase 1 & Phase 2 Stormwater Improvements project per the State’s requirements. Comments from both meetings will be incorporated into the application to the State. ALTERNATIVES: Denial of this Resolution will result in the cancellation of the five eligible projects. RECOMMENDATION: Approval of the Resolution. Attachments :  Grant Certification Letter