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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE MAYOR TO ACCEPT THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION REVOLVING LOAN FOR WASTEWATER FACILITIES; PLEDGING OF WATER AND WASTEWATER FEES AS THE REVENUES TO REPAY THE LOAN, PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $2,882,108. Financed over the maximum SRF 20-year term with Water and Wastewater revenues)
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(Staff Contact: A. Randolph Brown)
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Summary Explanation/Background:
City Officials approved and authorized the Utilities Department to apply for the State Revolving Fund (SRF) loan for the Non-Sewer Area C Wastewater project at the May 10, 2022 Commission meeting (Resolution 2022-141). The State reviewed and approved the application and forwarded the attached loan agreement (WW062470) for final approval.
Origin of request for this action: Utilities
Fiscal impact and source of funding: $2,882,108. Financed over the maximum SRF 20-year term with Water and Wastewater revenues
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