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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A STATE REVOLVING FUND AMENDMENT 1 TO LOAN AGREEMENT SW062490 BETWEEN THE CITY OF POMPANO BEACH AND THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Renuka Mohammed)
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Summary Explanation/Background:
The Utilities Department seeks City Commission approval to authorize execution of Amendment No. 1 to the State Revolving Fund (SRF) Loan Agreement SW062490 with the Florida Department of Environmental Protection (FDEP).
The amendment extends the design completion date from September 15, 2025, to March 15, 2027, allowing additional time for design finalization. The design project addresses three areas identified in the 2013 Stormwater Masterplan: NE 10th Street & Dixie Highway, NW 7th Terrace (located east of I-95), and SE 15th Avenue.
Origin of request for this action: Utilities
Fiscal impact and source of funding: No change from the original $875,000 with SRF term of 10 year below-market rate
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RStrategic Plan Initiative
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Strategic Plan: Goal 4 (Item 6): Superior Capacity for Growth through Quality, Sustainable Development - Expand and enhance utility infrastructure - water, wastewater and stormwater.
Comprehensive Plan: Goal 8: to provide stormwater systems designed and maintained at the highest level to be durable, resilient, and sustainable to serve future generations to the maximum extent feasible and cost-effective