File #: PUB24-226    Version: 1 Name:
Type: Public Utilities Board
File created: 10/15/2024 In control: Public Utilities Board
On agenda: 2/10/2025 Final action:
Title: Consider recommending adoption of an ordinance of the City of Denton approving and authorizing the submission of an application through the United States Environmental Protection Agency's Water Infrastructure Finance And Innovation Act (WIFIA) loan program for financial assistance via long-term loans in a total amount not to exceed seven hundred and seventy million, nine hundred and seventy thousand, five hundred and eighty-three dollars and seven cents ($770,970,583.07) to fund up to 49% of the total project cost for water and wastewater plant and transmission projects including capacity increases, system expansions, and system improvements included in the water and wastewater capital improvements program; authorizing payment of an application fee of one hundred thousand dollars ($100,000.00); appointing the Chief Financial Officer of the City of Denton (CFO) as an authorized representative for the City responsible for overseeing the application and loan process and authorizing the Ci...
Attachments: 1. Exhibit 2 - Ordinance, 2. Exhibit 1 - Agenda Information Sheet, 3. Exhibit 3 - Presentation
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AGENDA CAPTION

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Consider recommending adoption of an ordinance of the City of Denton approving and authorizing the submission of an application through the United States Environmental Protection Agency’s Water Infrastructure Finance And Innovation Act (WIFIA) loan program for financial assistance via long-term loans in a total amount not to exceed seven hundred and seventy million, nine hundred and seventy thousand, five hundred and eighty-three dollars and seven cents ($770,970,583.07) to fund up to 49% of the total project cost for water and wastewater plant and transmission projects including capacity increases, system expansions, and system improvements included in the water and wastewater capital improvements program; authorizing payment of an application fee of one hundred thousand dollars ($100,000.00); appointing the Chief Financial Officer of the City of Denton (CFO) as an authorized representative for the City responsible for overseeing the application and loan process and authorizing the City Manager and the CFO to take all action necessary regarding the application and agreements for the WIFIA loan program and other actions necessary to accomplish the intent and purposes of this ordinance; and authorizing the City Attorney's Office, Bond Counsel, City’s Financial Advisor, and Engineers named in the WIFIA application to take such action reasonably necessary in support of such application and agreements to accomplish the intent and purposes of this ordinance; and providing an effective date. 
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