PLACEMENT: Consent
TITLE:
title
RESOLUTION ADOPTING AND IMPLEMENTING THE WESTERN CORRIDOR WATER & SEWER EXTENSION PROJECT FISCAL SUSTAINABILITY PLAN AS REQUIRED BY STATE REVOLVING FUND CLEAN LOAN AGREEMENT WW430250
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EXECUTIVE SUMMARY:
executive summary
Board action is requested to adopt a resolution to implement the Western Corridor Water & Sewer Extension Project Fiscal Sustainability Plan as required by Section 8.12 of the Florida State Revolving Fund Loan Agreement WW430250.
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DEPARTMENT: Utilities and Solid Waste
PREPARED BY: Name: Leo Repetti
Title: Technical Services Administrator
REQUESTED BY: Samuel Amerson, P.E., Utilities & Solid Waste Director
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
The Western Corridor Water & Sewer Extension Project is complete and all disbursements from the Florida State Revolving Fund Loan program have been received. In order to close on the Loan as required by section 8.12 of the WW430250 Loan Agreement, the Board is required to adopt by Resolution a Fiscal Sustainability Plan.
The Fiscal Sustainability Plan and associated Asset Inventory List are attached.
ISSUES:
None
LEGAL SUFFICIENCY REVIEW:
This item has been reviewed for legal sufficiency to determine whether it is consistent with applicable law, has identified and addressed legal risks, and has developed strategies for legal defensibility.
RECOMMENDED ACTION:
RECOMMENDATION
Move that the Board adopt the Resolution to implement the Western Corridor Water & Sewer Extension Project Fiscal Sustainability Plan as required by Section 8.12 of the Florida State Revolving Fund Loan Agreement WW430250.
ALTERNATIVE RECOMMENDATIONS
Pull this item from the Consent Agenda and direct staff accordingly.
FISCAL IMPACT:
RECOMMENDATION
None, as the costs associated with maintenance and repair of the identified assets is covered by the Utilities Department operating revenues.
ALTERNATIVE RECOMMENDATIONS
None
DOCUMENT(S) REQUIRING ACTION:
☐Budget Transfer / Amendment ☐ Chair Letter ☐Contract / Agreement
☐Grant / Application ☐Notice ☐Ordinance ☒Resolution
☐Other: