Authorize $50 million state loan for water infrastructure improvements

Water InfrastructureContracts

In Plain English

The city needs to formally approve borrowing $50 million from the State Water Board through the State Revolving Fund program. This low-interest loan program helps cities finance water and sewer system upgrades. If approved, the city can access these funds for infrastructure projects while paying below-market interest rates.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt Resolution No. 21-21

Moved by: Councilmember WillisSeconded by: Councilmember Martinez
Passed

7 to 0

Thomas K. ButtAye
Nathaniel BatesAye
Demnlus Johnson IIIAye
Claudia JimenezAye
Eduardo MartinezAye
Gayle McLaughlinAye
Melvin WillisAye