Broken Arrow Municipal Authority
Meeting of: 04-02-19
To: Chairman and Authority Members
From: Finance Department
Title:
title
Approval of and authorization to execute Resolution No. 1202, a Resolution agreeing to file application with the Oklahoma Water Resources Board (OWRB) for financial assistance through the Clean Water State Revolving Fund (CWSRF) with the loan proceeds being for the purpose of paying for costs related to construction of capital improvements at the Haikey Creek Wastewater Treatment Plant and Haikey Creek Lift Station; Approving the payment of an application fee; Designating Legal and Financial Professionals to assist in the application process and approving contracts for such services; Authorizing the Chairman and Secretary to execute certain application documents; And containing other provisions related thereto
End
Background:
The attached resolution is for the application to the Oklahoma Water Resources Board for a Clean Water State Revolving Fund (“CWSRF”) loan for the purpose of acquiring funds to pay for improvements at the Haikey Creek Wastewater Treatment Plant and Haikey Creek Lift Station. This project is to provide improvements to the diffused aeration process of the Activated Sludge Basin at the Haikey Creek Wastewater Treatment Plant and electrical upgrades to both the plant and the Haikey Creek Lift Station. The loan amount is anticipated not to exceed $11,500,000.
Cost: $500.00 Application Fee
Prepared By: Cynthia Arnold, Finance Director
Reviewed By: Engineering Department
Legal Department
Kenny Schwab, Assistant City Manager Operations
Russell M. Gale, Assistant City Manager Administration
Approved By: Michael L. Spurgeon, City Manager
Attachments: Resolution No. 1202
Legal Services Agreement
Financial Services Agreement
Recommendation:
Approval of and Authorization to Execute Resolution No. 1202.