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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 3 TO LOAN AGREEMENT SW062460 BETWEEN THE CITY OF POMPANO BEACH AND THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $8,184,250, with a 20-year SRF loan term)
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(Staff Contact: Renuka Mohammed)
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Summary Explanation/Background:
The Utilities Department requests City Commission approval to execute Amendment 3 to SRF Loan No. SW062460, extending the construction completion date from February 15, 2026, to April 15, 2028, for stormwater improvement projects identified in the City's 2013 Stormwater Master Plan. Amendment 3 was finalized and accepted by the Florida Department of Environmental Protection on February 26, 2026.
The loan, totaling $8,184,250, funds improvements in Study Areas 9, 22, and 8. Study Area 9 is complete; Study Area 22 is approximately 90% complete with delays related to County coordination and utility relocations; and Study Area 8 remains in progress following necessary redesign efforts. The extension will allow sufficient time to complete construction activities, with no change to the loan amount or 20-year term. Approval supports the City's strategic and comprehensive plan goals for resilient and sustainable stormwater infrastructure
Origin of request for this action: Utilities
Fiscal impact and source of funding: $8,184,250, with a 20-year SRF loan term
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?Strategic 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, an...
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