SUBJECT:
Title
Request Approval of Resolution Related to Marion County’s Drinking Water State Revolving Fund Principal-Forgiveness Loan (Budget Impact - Revenue Generating)
Body
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INITIATOR: |
DEPARTMENT: |
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Matthew R. Cretul, Sr., PhD., Legislative Manager |
Administration |
DESCRIPTION/BACKGROUND:
On April 1, 2025, Marion County submitted its application for the Lowell Municipal Drinking Water project to the State’s Drinking Water State Revolving Fund (DWSRF) program. The application was for funding related to the planning, design, and construction of municipal drinking water infrastructure in the Lowell area due to ground contamination. Fortunately, Marion County’s application was approved, and the county is in the process of securing $1.25 million in the form of a principal-forgiveness loan. This resolution is a requirement of the program and will allow Marion County Utilities to move forward in the process of providing residents of the Lowell area with clean, safe drinking water.
BUDGET/IMPACT:
Grant generated revenue to be expended with no match. The County will receive $1.25 million in principal-forgiveness funds to be used toward the Lowell Municipal Drinking Water project.
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Clerk and Chairman to execute the resolution.
end