REPORT TO THE CITY COUNCIL
September 10, 2015
FROM: THOMAS C. ESQUEDA, Director
Department of Public Utilities
THROUGH: MICHAEL CARBAJAL, Division Manager
Department of Public Utilities - Water Division
BY: GLENN A. KNAPP, PE, Professional Engineer
Department of Public Utilities - Water Division
SUBJECT
Title
Acceptance of a $195,489,000 State Revolving Fund Low Interest Loan through the State Water Resources Control Board for construction of the City of Fresno's Southeast Surface Water Treatment Facility and authorize the Director of Public Utilities, or designee, to sign on behalf of the City of Fresno (Citywide).
Body
RECOMMENDATIONS
Staff recommends that City Council:
1. Accept a State Revolving Fund Low-Interest Loan through the State Water Resources Control Board in the amount of $195,489,000 for construction of the City of Fresno's Southeast Surface Water Treatment Facility.
2. Authorize the Director of Public Utilities, or designee, to sign all contract documents on behalf of the City of Fresno.
EXECUTIVE SUMMARY
The State Water Resources Control Board (SWRCB) has extended a thirty (30) year State Revolving Fund (SRF) Low Interest Loan construction funding offer to the City of Fresno (City) in the amount of $195,489,000 at an interest rate of 1.663% for the City's Southeast Surface Water Treatment Facility (SESWTF).
Construction of the SESWTF is an essential component in meeting the City's long-term goals for recovery of its overdrafted aquifer and attainment of a balanced water resource portfolio by 2025 as noted in the City's Metropolitan Water Resource and Urban Water Management Plans, while providing an avenue for significant rate-payer savings. The City's Department of Public Utilities/Water Division requests Council to accept the funding offer for construction of the SESWTF.
BACKGROUND
The Federal Safe Drinking Water Act (SDWA) Amendments of 1996 authorized the creation of a drinking wat...
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