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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> 6 . <br /> PROJECT TITLE: <br /> 2005 Public Works Trust Fund Consent COUNCIL BILL# <br /> Construction Loan Contract for Everett X Action Originating Department Public Works <br /> Water Pollution Control Facility First Reading Contact Person Tom Thetford <br /> Improvements Second Reading Phone Number 425 257-8800 <br /> Third Reading FOR AGENDA OF April 6,2005 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President - lu,z.4.j <br /> Location Preceding Action Attachments Department(s) Approval <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 /> Additional Required $ -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The Public Works Department has applied for and received a 2005 Public Works Trust Fund loan for the <br /> Everett Water Pollution Control Facility improvements including two new primary clarifiers to protect <br /> receiving water quality, ensure regulatory compliance, and increase capacity to meet increases in projected <br /> wastewater flows and loads. The amount of the loan request is $10,000,000 at 1/2 percent interest rate and a <br /> repayment term of 20 years. The total cost of the project is estimated at $44,405,041. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign the Year 2005 Public Works Trust Fund Construction Loan Contract-Everett <br /> Water Pollution Control Facility Improvements. <br /> Spcorrush/WORD/Counci1AgcndaTT-2005 PWTrust 4-6-05 <br />