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HomeMy WebLinkAbout2022-02-22-I08 SRF Application_LWC Streambank RestorationAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: February 22, 2022 AGENDA ITEM:Consideration of approval of a resolution approving the completion and submission of an application to the Iowa Department of Natural Resources (IDNR) for an Iowa State Revolving Fund (SRF) Water Resource Sponsored Project [Little Walnut Creek Streambank Restoration Project] FORMAT:Resolution SYNOPSIS INCLUDING PRO & CON: The City of Waukee intends to apply for a low interest SRF loan for the NE Outfall Sewer project. The SRF program allows for 1% of the loan interest (for this project approximately $1,000,000) to be utilized for a water quality improvement project in the Little Walnut Creek Watershed. The City of Clive intends to complete a streambank restoration project along the same stretch of Little Walnut Creek the NE Outfall Sewer is proposed to be installed. The City of Clive has agreed to allowing Waukee to construct this sewer in exchange for a monetary contribution to their project. The proposed Water Resource Sponsored project is to be administered by the City of Clive on Waukee’s behalf. Staff expect a 28E Agreement to follow outlining the specifics and responsibilities for each agency as this project progresses. This resolution is required to be approved by the agency that will be taking out the SRF loan (in this case Waukee) as part of the SRF Water Resource Sponsored project application. The SRF Water Resource Sponsored application is due March 1st and Clive’s consultant Stantec is completing the application on their behalf. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: RECOMMENDATION: Approve the resolution and agreement. ATTACHMENTS: I. Resolution PREPARED BY: Beth Richardson REVIEWED BY: Rudy Koester RK I8 THE CITY OF WAUKEE, IOWA RESOLUTION 2022- APPROVING THE COMPLETION AND SUBMISSION OF AN APPLICATION TO THE IOWA DEPARTMENT OF NATURAL RESOURCES (IDNR) FOR AN IOWA STATE REVOLVING FUND (SRF) WATER RESOURCE SPONSORED PROJECT [LITTLE WALNUT CREEK STREAMBANK RESTORATION PROJECT] IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, this program will be implemented through the Clean Water State Revolving Fund (CWSRF), a loan program for construction of water quality facilities and practices. On a typical CWSRF loan, the utility borrows principal and repays principal plus interest and fees. On a CWSRF loan with a sponsored project, a portion of the interest due on the loan is used to fund the work of the sponsored project, so the utility’s ratepayers do not pay any more than they would have for just the wastewater improvements. Instead, two water quality projects are completed for the cost of one; AND, WHEREAS, the City wishes to apply for the resource restoration sponsored project funding to complete the Little Walnut Creek Streambank Restoration Project; AND, WHEREAS, the filing of an Iowa SRF Water Resource Restoration Sponsored Project application is in the best interest of the citizens of the City of Waukee, Iowa. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the Completion and Submission of an Application to the Iowa DNR for an Iowa SRF Water Resource Sponsored Project [Little Walnut Creek Streambank Restoration Project] is hereby approved. Passed by the City Council of the City of Waukee, Iowa, and approved the 22nd day of February 2022. ____________________________ Courtney Clark, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair