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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: <br /> . 2006 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 May 17, 2005 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA WS- <br /> Council President tw <br /> Location Preceding Action Attachments Department(s)Approval <br /> Budget Comm 5/10/06 <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 2006 Public Works Trust Fund loan for the <br /> Everett Water Pollution Control Facility improvements including two new primary clarifiers to reduce odors, <br /> protect receiving water quality, ensure regulatory compliance, and increase capacity to meet increases in <br /> projected wastewater flows and loads. The amount of the loan request is $7,000,000 at 1/2 percent interest <br /> rate and a 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 2006 Public Works Trust Fund Construction Loan Contract-Everett <br /> Water Pollution Control Facility Improvements. <br /> 22 <br />