City of Milwaukee - File #: 180023

• File #: 180023
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 4/17/2018
• In control: COMMON COUNCIL
• Final action: 5/8/2018
• Title: Resolution amending Common Council File Number 170382, relating to the Wisconsin Department of Natural Resources Principal Forgiven Financial Assistance Agreement for State Fiscal Year 2018.
• Sponsors: THE CHAIR
• Indexes: INTERGOVERNMENTAL AGREEMENTS

Date	Ver.	Action By	Action	Result	Tally
5/17/2018	0	MAYOR	SIGNED
5/8/2018	0	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Pat Pauly - Water Works	Pass	4:0
5/8/2018	0	COMMON COUNCIL	ADOPTED	Pass	14:0
4/25/2018	0	PUBLIC WORKS COMMITTEE	HELD TO CALL OF THE CHAIR	Pass	4:0
4/17/2018	0	COMMON COUNCIL	ASSIGNED TO

Number
180023
Version
ORIGINAL
Reference
170382
Sponsor
THE CHAIR
Title
Resolution amending Common Council File Number 170382, relating to the Wisconsin Department of Natural Resources Principal Forgiven Financial Assistance Agreement for State Fiscal Year 2018.
Analysis
This resolution amends Common Council Resolution File Number 170382, adopted on July 11, 2017, which authorized the proper City officials to execute, on behalf of the City, the Wisconsin Department of Natural Resources Principal Forgiven Financial Assistance Agreement for State Fiscal Year 2018 for up to $1,000,000 under the Safe Drinking Water Loan Program. The Safe Drinking Water Loan Program has determined that it can now provide a loan with principal forgiveness up to $4,250,000.
Body
Whereas, On July 11, 2017, the Common Council adopted Resolution File Number 170382, authorizing execution of the Wisconsin Department of Natural Resources Principal Forgiven Financial Assistance Agreement for State Fiscal Year 2018, relating to a loan to the City to replace private lead service lines under the Safe Drinking Water Loan Program; and

Whereas, The Safe Drinking Water Loan Program initially determined in 2017 that it could provide a loan to the City with principal forgiveness up to $1,000,000 for State Fiscal Year 2018 (LSL Year 2) that it has identified as being eligible for Safe Drinking Water Loan Program funding; and

Whereas, The Safe Drinking Water Loan Program has determined that it can now provide a loan with principal forgiveness up to $4,250,000 for State Fiscal Year 2018 (LSL Year 2) under the Safe Drinking Water Loan Program; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that Common Council Resolution File Number 170382, adopted on July 11, 2017, is amended by deleting the last “Whereas” clause and the “Resolved” clause, and inserting in lieu thereof the following:

“Whereas, The SDWLP has determined that it can provide a loan with princip...