2017-1398 RESOLUTION NO. 2017- 1398
A RESOLUTION authorizing execution of the Wisconsin Department of Natural
Resources Principal Forgiven Financial Assistance Agreement.
WHEREAS, the City of Janesville (the "Municipality") wishes to undertake a project to
replace private lead service lines, identified as DNR No. 5119-05 (the "Project"); and
WHEREAS, the Municipality has applied to the Safe Drinking Water Loan Program (the
"SDWLP") for financial assistance in the form of a loan made by the SDWLP to the
Municipality of which all the principal will be forgiven at the time the loan disbursements
are made to the Municipality, pursuant to the WDNR Financial Assistance Agreement;
and
WHEREAS, the SDWLP has determined that it can provide a loan with principal
forgiveness in an amount up to $500,000 that it has identified as being eligible for
SWDLP funding;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the Common Council of the City of
Janesville that the City Manager and City Clerk are authorized by and on behalf of the
Municipality to execute the Principal Forgiven Financial Assistance Agreement that
contains the terms and conditions of the SDWLP award for the project. The Principal
Forgiven Financial Assistance Agreement is incorporated herein by this reference.
ADOPTED: April 10, 2017 Motion by: Consent
Second by: Consent
APPROVED: Councilmember Aye Nay Pass Absent
• Deupree
Gruber XX
Jorgensen X
Mark A. Freitag, City Manager / Liebert X
Marklein X
ATTE • _' , Tidwell X
Williams X
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D- id T.Godek, ity Cle -Treasurer
APPROVED AS TO FORM:
71-647/
Wald Klimck,C City Attorney
Proposed by: David Botts, Utility Director
Prepared by: David Botts, Utility Director