City of Milwaukee - File #: 231850

• File #: 231850
• Version: 1
• Type: Resolution
• Status: In Council-Adoption
• File created: 4/9/2024
• In control: PUBLIC WORKS COMMITTEE
• Title: Substitute resolution authorizing execution of the Department of Natural Resources Principal Forgiven Financial Assistance Agreement.
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
7/10/2024	0	PUBLIC WORKS COMMITTEE	SUBSTITUTED; Minutes note: Appearing: William Christianson, City Comptroller Patrick Pauly, Water Works Superindendent Ald. Brostoff moved substitution of the file with Proposed Substitute A. (Prevailed 4-0)	Pass	4:0
7/10/2024	1	PUBLIC WORKS COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
5/8/2024	0	PUBLIC WORKS COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: Mr. Joshua Benson requested that the file be held.	Pass	5:0
4/9/2024	0	COMMON COUNCIL	ASSIGNED TO

Number

231850

Version

SUBSTITUTE 1

Reference

Sponsor

THE CHAIR

Title

Substitute resolution authorizing execution of the Department of Natural Resources Principal Forgiven Financial Assistance Agreement.

Analysis

Resolution authorizing entering into an agreement with the state's Safe Drinking Water Loan Program (“SDWLP”) relating to a grant to replace private Lead Service Lines (LSL).

Body

Whereas, The City wishes to undertake a project to replace private lead service lines at residences, pre k-12 schools, and licensed and/or certified daycare centers, identified as DNR No 4851-43 (the “Project”); and

Whereas, The City has applied to the SDWLP for financial assistance in the form of a loan made by the SDWLP to the City of which all the principal will be forgiven at the time that loan disbursements are made to the City, pursuant to the DNR Financial Assistance Agreement; and

Whereas, The SDWLP has determined that it can provide a loan with principal forgiveness in an amount up to $11,093,897 that it has identified as being eligible for SDWLP funding; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that the proper city officials are authorized by and on behalf of the City to execute the Principal Forgiven Financial Assistance Agreement, with such changes as may be recommended by the City Attorney, that contains the terms and conditions of the SDWLP award for the Project. The Principal Forgiven Financial Assistance Agreement is incorporated herein by this reference.

Requestor

Comptroller

Drafter

Joshua Benson

7/9/2024

PD-8677aW.rtf