Report Prepared by: Ken F. Elwin, PE, Director of Public Works
Title
SUBJECT: Authorization to Accept and Increase Revenue an Amount up to $50,000,000 for Proceeds from Debt from the State Revolving Fund (SRF) Loan and Appropriating the Same in Fund 6000-Wastewater Operating Fund, Subsequent to the Execution of the Construction Installment Sale Agreement with State Water Resources Control Board to Provide Financing for Improvements to the Merced Wastewater Treatment Facility
REPORT IN BRIEF
Considers authorization to accept and increase an amount up to $50,000,000 in revenue for proceeds from Debt from the State Revolving Fund (SRF) loan and appropriating the same in Fund 6000-Wastewater Operating Fund, subsequent to the execution of the Construction Installment Sale Agreement with State Water Resources Control Board to Provide Financing for Improvements to the Merced Wastewater Treatment Facility.
RECOMMENDATION
City Council - Adopt a motion:
A. Accepting and increasing revenue for proceeds from Debt in the amount up to $50,000,000 to be received from the SRF loan and appropriating the same in Fund 6000-Wastewater Operating Fund Project CP230035 (WWTP Phase VI Improvement); and,
B. Approving the use of pooled cash until reimbursement is received from the SRF loan.
Body
ALTERNATIVES
1. Approve, as recommended by staff; or,
2. Approve, subject to modifications as conditioned by City Council; or,
3. Refer to staff for reconsideration of specific items; or,
4. Deny.
AUTHORITY
Charter of the City of Merced, Section 200 et seq.
Services with an estimated value greater than $41,000.00 are made by written contract in accordance with Merced Municipal Code, Title 3 - Revenue and Finance, Chapter 3.04.
CITY COUNCIL PRIORITIES
As provided for in the 2026-27 Adopted Budget.
DISCUSSION
Wastewater Treatment Facility Improvements Status.
Wastewater generated within the City of Merced city limits is processed at the Wastewater Treatment Facility (WWTF), ...
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