HomeMy WebLinkAboutRES2025-064 Loan for Elm Street Water MainSponsored by:Sorensen
CITY OF SEWARD,ALASKA
RESOLUTION 2025-064
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA,AUTHORIZING THE CITY MANAGER TO ACCEPT A LOAN
FROM THE ALASKA DEPARTMENT OF ENVIRONMENTAL
CONSERVATION CLEAN WATER FUND FOR $665,600 WITH LOAN
FORGIVENESS OF $665,600 FOR PLANNING AND DESIGN OF LOWELL
POINT AND SMIC LAGOON EFFLUENT DISINFECTION
WHEREAS,the Alaska Department of Environmental Conservation (ADEC)has
mandated the City to install disinfection equipment at the Lowell Point and SMIC Lagoons;and
WHEREAS,the ADEC Clean Water Fund has loan funds available for the planning and
design of projects for effluent disinfection;and
WHEREAS,the City completed and submitted the required questionnaire for the ADEC
Clean Water Fund loans;and
WHEREAS,the submitted loan questionnaire was accepted and the City was offered a
$665,600 loan with loan forgiveness of$665,600;and
WHEREAS,utilizing the Clean Water Fund is an excellent opportunity to reduce the
capital cost liability for the lagoons at Lowell Point and SMIC.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD,ALASKA,that:
Section 1.The City Manager hereby confirms City of Seward commitments to the State of
Alaska Department of Environmental Conservation and its intent to fund $665,600 for the Lowell
Point and SMIC Lagoon disinfection effluent,with loan forgiveness of $665,600 subject to
receiving a loan from ADEC.
Section 2.The City Council hereby authorizes the City Manager to accept the loan grant
funding and enter into a loan grant agreement with ADEC for $665,600 with $665,600 loan
forgiveness.
Section 3.The City Manager is hereby authorized to execute any and all documents that
may be necessary to affect a $665,600 loan with $665,600 forgiveness from ADEC,with agreed
interest,terms,and repayment to ADEC Clean Water Fund,subject to annual appropriations,
including but not limited to an agreement for the loan processing fee,and a promissory note.
Section 4.This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the City of Seward,Alaska this 14th
day of July 2025.
CITY OF SEWARD,ALASKA
RESOLUTION 2025-064
THE CITY OF SEWARD,ALASKA
U
Sue McClure,Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Warner,Barnwell,Wells,Crites,Finch,Osenga,McClure
None
None
None
ATTEST:
I
Kris Peck
City Clerk
(City Seal)U
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