2011/07/20 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 9 PROJECT TITLE: Consent COUNCIL BILL# Fiscal Year 2012 Public Works Action Originating Department Public Works Trust Fund Loan Application First Reading Contact Person Dave Davis for the Everett Water Pollution Second Reading Phone Number (425) 257-8800 Control Facility Expansion, Third Reading FOR AGENDA OF July 13, 2011 Phase C. Public Hearing Initialed by: Department Head CAA Council President Location Preceding Action Attachments Department(s) Approval Everett Water Pollution Loan Application Legal, Admin Control Facility on Smith Island Amount Budgeted $56,000,000 Expenditure Required $56,000,000 Account Number(s): UP3412-11-650 Budget Remaining $0 Everett WPCF Expansion, Phase C Additional Required $0 DETAILED SUMMARY STATEMENT: The Public Works Department wishes to apply for a low-interest Washington State Public Works Trust Fund Loan to facilitate funding of the Phase C Expansion at the Everett Water Pollution Control Facility. The project's construction scope will include 1 trickling filter, additional contact basin channel, 1 secondary clarifier, 1 new pump at the south of the effluent station, 1 anaerobic digester and modifications to the north effluent station. The project is estimated to cost $56.0 Million. Of the $56.0 Million, the loan will provide $10,000,000 and the balance of$46,000,000 will come from local revenue and wholesale contributions. The terms of the loan are 0.5% interest rate for a 20-year term with a minimum local match of 15%. RECOMMENDATION (Exact action requested of Council): Authorize the Mayor to sign the 2012 Public Works Trust Fund Loan Application for Everett Water Pollution Control Facility Expansion, Phase C. 44