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2022-2008 CITY OF JANESVILLE RESOLUTION NO. 2022 - 2008 A RESOLUTION authorizing execution of the 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 or iron service lines at residences, pre-K — 12 schools, and licensed and/or certified daycare centers, identified as DNR No. 5119-07 (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 DNR Financial Assistance Agreement; and WHEREAS, the SDWLP has determined that it can provide a loan with principal forgiveness in an amount up to $3,240,000 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 25, 2022 Motion by: Consent Second by: Consent APPROVED: Councilmember Aye Nay Pass Absent `�� a BensonX Burdick X Mark A. reitag, City Manager Jackson X Marklein X ATTEST: Marshick X Miller X r Williams X Lorena Rae Sto tier, City Clerk-Treasurer APPROVED AS TO FORM: Wald Klimcyk, City Attorney Proposed by: David Botts, Utility Director Prepared by: David Botts, Utility Director