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• EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 12 <br /> PROJECT TITLE: <br /> 2011 Drinking Water State Briefing COUNCIL BILL # <br /> Revolving Fund Loan Proposed Action Originating Department Public Works <br /> Agreement for the Portal#3 Consent Contact Person Dave Davis <br /> Modifications at the Everett Action Phone Number 425-257-8800 <br /> Water Filtration Plant First Reading FOR AGENDA OF 12/28/11 <br /> Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA 4. <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> Everett Water Filtration City Council 2/9/11 Loan Agreement Admin, Legal,Public <br /> Plant Works <br /> Amount Budgeted $1.06 Million <br /> Expenditure Required $1.06 Million Account Number(s):UP 3192 Portal#3 <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The Public Works Department was successful in obtaining a Drinking Water State Revolving Fund <br /> (DWSRF)Loan. This loan is for the funding of modifications at Portal#3 in the Lake Chaplain Reservoir. <br /> The project will involve the construction of a stainless steel pipe which will connect a 54"concrete pipe to <br /> the tunnels that lead to the transmission lines.This pipe will then be encased in concrete to provide a positive <br /> barrier between the potable water inside Portal#3, and untreated lake water. The amount of the loan is $1.06 <br /> Million and the terms of the loan are a 1.5%interest rate with a 24-year term. <br /> RECOMMENDATION(Exact action requested of Council): <br /> Authorize the Mayor to sign the 2011 Drinking Water State Revolving Fund Loan Agreement for the Portal <br /> #3 Modifications at the Everett Water Filtration Plant. <br /> 69 <br />