Authorize $50 million state loan for water infrastructure improvements
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
7 to 0
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