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_ M 0 <br />CITY COUNCIL MEETING DATE: <br />AUGUST 2, 2016 <br />TITLE: <br />ADOPT RESOLUTIONS AND AUTHORIZE <br />APPLICATIONS FOR CLEAN WATER AND <br />DRINKING WATER STATE REVOLVING <br />FUND CAPITAL PROJECT FINANCING <br />[NONGENERAL FUND] <br />{STRATEGIC PLAN NO. 6, 1G} <br />'� J dv;�t z� <br />CITY MANAG <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />_70-:• 9" <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on tat Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolutlon <br />❑ Set Public Hearing For, _ <br />CONTINUED TO <br />FILE NUMBER <br />Adopt Resolutions agreeing to the terms of participation in the Environmental Protection <br />Agency and California State Water Resources Control Board, Clean Water State Revolving <br />Fund and Safe Drinking Water State Revolving Fund programs for four capital improvement <br />projects: <br />a. Segerstrom (San Lorenzo) Sewer Lift Station <br />b. Sewer Collection System Improvements <br />c. Automated Metering Infrastructure <br />d. Water Distribution System Improvements <br />2. Authorize the Executive Director of Public Works to submit applications for Environmental <br />Protection Agency and California State Water Resources Control Board, Clean Water State <br />Revolving Fund financing of the Segerstrom (San Lorenzo) Sewer Lift Station and Sewer <br />Collection System Improvements projects. <br />Authorize the Executive Director of Public Works to submit applications for California State <br />Water Resources Control Board and Safe Drinking Water State Revolving Fund financing for <br />the Automated Metering Infrastructure and Water Distribution System Improvements projects. <br />DISCUSSION <br />The California State Water Resources Control Board (SWRCB) oversees two capital <br />improvement financing programs known as the Safe Drinking Water State Revolving Fund <br />(SDWSRF) and Clean Water State Revolving Fund (CWSRF) that provide low -cost flexible <br />financing for capital improvements to water and wastewater utilities. These programs require <br />less administrative burden than financing through bonds or certificates of participation, and can <br />55B -1 <br />