Title
Resolution Authorizing Execution of the Department of Natural Resources Principal Forgiven Financial Assistance Agreement in an amount up to $1,400,000 to undertake a project to replace private lead service lines.
Body
WHEREAS, the City of West Allis (the "Municipality") wishes to undertake a project to replace private lead service lines at residences, pre k -12 schools and licensed day care centers, identified as DNR No. 5404-06 (the "Project"); and
WHEREAS, the Municipality has applied to the Safe Drinking Water Loan Program (the "SDWLP") for financial assistance in the form of a loan made by the SDWLP to the Municipality of which all the principal will be forgiven at the time that loan disbursements are made to the Municipality, pursuant to the DNR Financial Assistance Agreement; and
WHEREAS, the SDWLP has determined that it can provide a loan with principal forgiveness in an amount up to $1,400,000 that it has identified as being eligible for SDWLP funding.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of West Allis that the Mayor and City Clerk are authorized by and on behalf of the Municipality to execute the Principal Forgiven Financial Assistance Agreement that contains the terms and conditions of the SDWLP award for the Project. The Principal Forgiven Financial Assistance Agreement is incorporated herein by this reference.
BE IT FURTHER RESOLVED that the Interim City Engineer be and is hereby authorized to make such non-substantive changes, modifications, additions and deletions to and from the various provisions of the Agreement, including any and all attachments, exhibits, addendums and amendments, as may be necessary and proper to correct inconsistencies, eliminate ambiguity and otherwise clarify and supplement said provisions to preserve and maintain the general intent thereof, and to prepare and deliver such other and further documents as may be reasonably necessary to complete the transactions contemplated therein....
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