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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 APPLY FOR THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION REVOLVING LOAN PROGRAM FOR DRINKING WATER FACILITIES; UPON APPROVAL, EXECUTE THE CORRESPONDING LOAN AGREEMENT, CARRYING OUT ALL LOAN RESPONSIBILITIES UNDER THE AGREEMENT; ESTABLISHING PLEDGED REVENUES; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $30,000,000 with $6,000,000 principal loan forgiveness)
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(Staff Contact: Renuka Mohammed)
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Summary Explanation/Background:
The City of Pompano Beach is seeking Commission approval to apply for and accept funding through the Florida Department of Environmental Protection (FDEP) Drinking Water State Revolving Fund (DWSRF) under loan application DW0624C0. The requested $30 million loan will fund Phase I of the Emerging Contaminants Water Treatment Plant Upgrades, specifically the buildout of the City's nanofiltration (NF) facility to address Federal and State regulations on per- and polyfluoroalkyl substances (PFAS), which go into effect in 2029.
Under the proposed financing terms, $6 million (20%) of the loan will be forgiven, with the remaining $24 million to be repaid over 20 years at a below-market interest rate. The loan will be supplemented by existing bond proceeds authorized under Ordinance 2025-01 and PFAS Litigation claims.
This project is essential to achieving compliance with new Federal and State PFAS standards set by the U.S. EPA and ensuring long-term protection of public health and drinking water quality for the City's utility customers.
This funding opportunity is contingent upon the submission of the complete application by the deadline of December 11, 2025. Failure to meet this deadline will result in removal from consideration for inclusion in this priority listing cycle.
Prior Actions
? Resolution 2023-200: $9.595M DWSRF...
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