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aI <br /> EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: Year 2004 <br /> Public Works Trust Fund Loan Application for Initialed by: <br /> Comprehensive Sewer Plan Department Head <br /> CAA <br /> Council President /--� —� <br /> LOCATION: <br /> COUNCIL BILL# <br /> Originating Department Public Works <br /> Contact Person Tom Thetford <br /> Phone Number 425 257 8800 <br /> FOR AGENDA OF December 8, 2003 <br /> Preceding Action: <br /> Consent Second Reading <br /> Action Third Reading <br /> First Reading Public Hearing <br /> Budget Revision <br /> Attachments: Loan Applications Department(s)Approval (Identify): <br /> Council approval of this agenda item authorizes a budget revision in the additional amount requested. <br /> Expenditure Required $ -0- Account Number(s): <br /> Amount Budgeted $ -0- <br /> • <br /> Additional Required $ -0- <br /> SUMMARY STATEMENT: <br /> The Public Works Department is submitting an application to the Washington State Public Works Board for <br /> a Public Works Trust Fund (PWTF)loan,which will be used to assist with funding of the Comprehensive <br /> Sewer Plan. The amount to be borrowed is $100,000 at zero percent interest and a repayment term of six <br /> years. The total cost of the project is$552,390. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to Sign the 2004 Public Works Trust Fund loan application for the Comprehensive <br /> Sewer Plan. <br /> ICCAMSTR: <br />