title
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO APPLY FOR THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION REVOLVING LOAN PROGRAM FOR STORMWATER FACILITIES; PLEDGING OF STORMWATER UTILITY FEES AS THE REVENUES TO REPAY THE LOAN, PROVIDING FOR CONFLICTS, PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $1,840,250 Financed over the maximum SRF 20-year team with Stormwater Revenues.)
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(Staff Contact: A. Randolph Brown)
summary
Summary Explanation/Background:
We are in the process of applying for State Revolving Fund (SRF) for N.E. 4th St. & N.E. 3rd St. Drainage Improvements. This residential neighborhood includes two separate areas surrounded by the finger canals off the Intracoastal Waterway. The public right-of-way areas within this neighborhood do not have an existing drainage system to address any flooding issues. This project will help alleviate flooding in the area
Origin of request for this action: Utilities
Fiscal impact and source of funding: $1,840,250 Financed over the maximum SRF 20-year team with Stormwater Revenues.
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