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HomeMy Public PortalAboutAB 09-013 LOI SRF for Knowles Road Pump StationMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date 216 East Park Street McCall, ID 83638 AB 09-13 January 8, 2009 AGENDA ITEM INFORMATION SUBJECT: Letter of Interest for Drinking Water Revolving Loan fund through the Idaho Department of Environmental Quality for improvements to Knowles Road pump station Approvals: Department/ Committee/Individual Initials Remarks (Originator/ Support) Mayor /Council City Manager Community Development Treasurer Clerk, Deputy City Clerk Police Department Public Works Golf Operations COST IMPACT: tbd per CH2M Hill Parks & Recreation FUNDING SOURCE: Idaho Department of Environmental Quality Airport Library TIMELINE: FY 2010; Letter of Interest due January 16 2009 City Attorney Grant Coordinator originator SUMMARY STATEMENT: The Idaho Department of Environmental Quality has a revolving loan program for drinking water system improvements in Idaho communities. In order to be considered for a loan, a community is required to submit a Letter of Interest application, which will be ranked and placed on a statewide priority list for funding. If selected for funding, the City would be required to complete additional loan documents and forms prior to being granted a loan. Currently, the loan rate is 3% for a period up to 20 years. Staff has consulted with CH2M Hill, and it is recommended that improvements be made to the Knowles Road Booster Pump station to increase pumping capacity and provide a back up generator. Cost estimates for the improvements will be provided by CH2M Hill, and the Letter of Interest application is being prepared for submission on January 16, 2008, pending Council approval. RECOMMENDED ACTION: Authorize submission of a letter of interest for the State Revolving Loan Fund for improvements to the Knowles Road pump station, and authorize the Mayor to sign all necessary documents. RECORD OF COUNCIL ACTION Meeting Date ACTION January 8, 2009 Council Authorized submission of a Letter of Interest