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Posted: November 23, 2022
Rapid City
Agenda Item Summary

Agenda Item Ref. #: PW112922-08

Agenda Item Title:

Approve Resolution 2022-088 A Resolution Authorizing An Application For Financial Assistance for Solid Waste, Authorizing The Execution And Submittal Of The Application, And Designating An Authorized Representative To Certify And Sign Payment Requests.

Origination Group:
Public Works Committee
Origination Meeting Date:
11/29/2022
City Council Hearing Date:
12/05/2022
Staff Contact:
John Leahy
Agenda Item Summary:
Staff proposes applying for financial assistance from the South Dakota Board of Water and Natural Resources for improvements to the Solid Waste Facility. The amount of the request is not to exceed $12,000,000. The resolution authorizes the Mayor and Finance Director to execute and submit the application for a Grant/State Revolving Fund (SRF) Loan and designates the Public Works Director to serve as the authorized representative to certify and sign payment requests in the event financial assistance is awarded for the Project. A public hearing shall be held to inform the public about the project and the use of the Grant/SRF loan financing. Applying for financial assistance does not obligate the City to funding the project or accepting the Grant/SRF loan. This resolution is a step in the process of seeking funding for the project.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
SRF Loan/Grant
Is Funding Budgeted?:
Budgeted

Recommendations:

Origination Recommendation Action:
Approve

Attachments & Links to Download:

PW112922-08 Reso No

PW112922-08 Map

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