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200 May 24,1989 <br /> PUBLIC WORKS TRUST FUND LOAN AGREEMENT <br /> Moved by Councilmember Overstreet, sec.-Need by Councilmember Gipson <br /> • toauthorize the Mayor to <br /> n <br /> cute a agreement with the State <br /> Washington Department ofCommunity Development for $1,500,000 <br /> Public Works Trust F l be used to whelp finance <br /> au 212 mile section r of loan <br /> Line N fhe <br /> term of n is twenty yearswithmy <br /> 2009.the <br /> The interest a rate will bet 1A per annump of the outstanding <br /> principal balance. <br /> • Rail was calla,with all councalmembers voting yes. <br /> • <br /> Motion carried. <br /> GRANT APPLICATION <br /> • <br /> City w ultl like t apply Por a 1 Clean Water Funtl g <br /> ten pay the ons of <br /> Bar anotn d Bever mains <br /> appurtenances bedsit sections of Barbara a Beverly L the new <br /> would b the most effective m quality septic <br /> system failure that is presently degrading water equality in Pigeon <br /> Creek No. 2, and obviating any future failures an this area that <br /> would also degrade water quality in the creek. <br /> In 1986 the City tried unsuccessfully to farm a local improvement <br /> district the tallat�.cc so4 in the The LID <br /> apparently f failed b of the c ofthe new Haw <br /> with a Centennial asClean Water sewers <br /> grant and sethe wers. new <br /> financingplan Par sowerDS the puroperty owners would mast likely <br /> support the formation af an LID. <br /> Moved by Councilmember Pope, C by o <br /> Councilmember M to <br /> authorize they <br /> Ma or to sign [ entennial clean Water Fund grant <br /> application for theBeverly Lake/Barbara Lane sewer project. <br /> Roll was called with all councilmembers voting Yee. <br /> Motion carried. <br /> RENTAL REHABILITATION PROGRAM <br /> Department of Ho d u has granted The additional u$33,,341n for a Development <br /> oft$138,641 <br /> 1987 Rental ental Rehabilitation has granted tto <br /> EverettRehabilitation useP of good performance onpastrgrants. he Rental <br /> o cognizes performance o n-performance on <br /> grants from HUD. a - r ng communities their grants <br /> and ommunito 1thmigood performance 0 receive addition <br /> funds.a The CHP staff has outstandingwith the Rental <br /> Rehabilitation CHIP <br /> a received the maximum <br /> funds allowed by the regulations. amount of bonus <br /> au• <br /> thorize v a by'Councilmember Overstreet,s Councilmember Diamond <br /> to uthorize ` Mayor to execute a Bonus Rental Rehabilitation <br /> Program Amendment Agreement with the U.S.Department of Housing and <br /> Urban 0 <br /> Roll was called with all councllmembers voting yes. <br /> Motion carried. <br />