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Adopt a Resolution and Authorize Application for Clean Water State Revolving Fund Capital <br />Project Financing <br />May 7, 2019 <br />Page 2 <br />system would reduce and prevent contamination to the Santa Ana Groundwater Basin. <br />In 2018, the City retained a consulting firm to prepare the environmental documentation for the <br />Septic to Sewer Island Improvement project. The overall cost for this project is estimated to be <br />$1,529,220. <br />The California State Water Resources Control Board (SWRCB) oversees a capital improvement <br />financing program known as the Clean Water State Revolving Fund (CWSRF) that provides low- <br />cost flexible financing for capital improvements to water utilities. This program is more cost effective <br />and requires less administrative burden than financing through bonds or certificates of participation. <br />Financing can be secured on a shorter timeline and repaid more flexibly, subject to conditions of <br />participation and competitive scoring criteria established and administered under the supervision <br />of SWRCB. <br />The three attached resolutions are needed to meet the State's application submittal requirements. <br />Adopting these resolutions will allow the Septic to Sewer Island Improvement project to benefit from <br />a near-term infusion of cash to shorten the project delivery schedule and accelerate realization of <br />service -level and financial benefits to the City and its enterprise ratepayers. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. Staff will return to Council with a request for <br />appval of further actions and will indicate the fiscal impact of any such awards and associated <br />exp ditures at that time. <br />D <br />Fuad S. Sweiss, PE, PLS <br />Executhke Director <br />Public I <br />rks Agency <br />FSS/NS/RR <br />Exhibits: 1. Authorization to Participate Resolution <br />2. Pledge Revenues and Funds Resolution <br />3. Reimbursement Resolution <br />55C-2 <br />