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TO: Mayor Thomas J. Weisner
FROM: Jason Bauer, Engineering Coordinator
DATE: April 2, 2016
SUBJECT:
A resolution to execute the attached Illinois Environmental Protection Agreement (IEPA) State Revolving Fund (SRF) loan agreement to finance a portion of the construction and construction engineering costs associated with the E. Galena Blvd. & E. Downer Pl. Sewer Separation, Water Street to State Street project.
PURPOSE:
To approve the attached agreement in order to secure loan funding for this sewer separation project.
BACKGROUND:
The clean water SRF program is administered by the IEPA which receives funding from the U.S. EPA to provide loans to municipalities for various improvements such as this sewer separation project. SRF programs operate in each state to provide communities the resources necessary to build, maintain, and improve the infrastructure that protects water, one of our most valuable resources.
DISCUSSION:
This project is to be constructed in 2016 and 2017. The current 2016 budget shows the full value of the $7,326,943.13 loan No. L175350 in account 281-1856-512-73-09 which will cover the $6,959,943.13 cost to construct the loan eligible improvements and $367,000.00 to fund the associated resident engineering services. A copy of the IEPA loan agreement is attached as Exhibit A.
IMPACT STATEMENT:
During construction, there will be various roadway and lane closures, delays are to be expected. The construction on LaSalle St. and E. Downer Place will result in the full reconstruction of those sections of roadway.
RECOMMENDATIONS:
I request the proposed resolution be adopted.
cc: Alderman Garza, Chairman
Alderman Johnson
Alderman Mesiacos
Alderman Bohman, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution execute the IEPA SRF loan agreement in the amount of $7,326,943.13 to provide funding for a portion of the construction and c...
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