Explanation
1. BACKGROUND: This legislation authorizes the Director of Public Utilities to enter into a contract for engineering consulting services for the design of a forth water plant, and to apply for, accept, and enter into a Water Supply Revolving Loan Account Loan Agreement with the Ohio Water Development Authority and the Ohio Environmental Protection Agency for the financing thereof. The Fourth Water Plant (FWP) project will design and construct a new fourth water plant to meet water supply needs and increase the resiliency and reliability of the water supply system. The FWP will be located on City owned property in Delaware County, Concord Township, at the southeast corner of Dublin Road (S.R. 745) and Home Road (C.R. 124). (CIP # 690600-100000)
The City will initially enter into a contract for Study Services (Phase 1). The Phase 1 Study Services shall research and evaluate options related to the new water plant and develop a basis of design for the recommended improvements. It is the City’s intent to execute future contract modifications for Preliminary Design Services (Phase 2), Detailed Design Services (Phase 3), Engineering Services During Construction (Phase 4) and Engineering Services During Operation (Phase 5).
The Water Supply Revolving Loan Account (WSRLA) loan program requires legislation to authorize the Director of Public Utilities to execute the loan agreement for this project as identified in Section 2, under the direction of the Division of Water (DOW). This loan program is jointly administered by the Ohio EPA’s Division of Environmental and Financial Assistance (DEFA) and the Ohio Water Development Authority (OWDA). The WSRLA program provides below-market interest rate loans for municipal water system improvements.
The applicable Loan Administration Fees will be rolled into the loan upon execution of the Loan Agreement. The WSRLA loan will be paid off over a 20-year period from water service fees (the dedicated source of rep...
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