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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 6 <br /> PROJECT TITLE: <br /> 2006 Public Works Trust Fund Consent COUNCIL BILL # <br /> Construction Loan Application for X Action Originating Department Public Works <br /> Everett Water Pollution Control First Reading Contact Person Tom Thetford <br /> Facility Improvements Second Reading Phone Number 425 257-8800 <br /> Third Reading FOR AGENDA OF April 13, 2005 <br /> Public Hearing <br /> Initialed by: <br /> Department Head _ <br /> CAA 611� <br /> Council President �G <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 is submitting an application to the Washington State Public Works Board for <br /> a Public Works Trust Fund (PWTF) loan. This 2006 application is for the Everett Water Pollution Control <br /> Facility improvements including two new primary clarifiers to reduce odors,protect receiving water quality, <br /> ensure regulatory compliance, and increase capacity to meet increases in projected wastewater flows and <br /> loads. The amount of the loan request is$12,500,000 at 1/2 percent interest rate and a repayment term of 20 <br /> 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 2006 Public Works Trust Fund Construction Loan Application-Everett <br /> Water Pollution Control Facility Improvements. <br /> 1 5 <br />