cover
TO: Mayor Thomas J. Weisner
FROM: Jason Bauer, P.E., Engineering Coordinator
DATE: February 2, 2016
SUBJECT:
The City has previously applied for a low interest loan from the Illinois Environmental Protection Agency to fund the upcoming "East Galena Boulevard and East Downer Place Sewer Separation Project - Water Street to State Street" project. The attached debt ordinance must be adopted by the City for the IEPA to finalize the loan.
PURPOSE:
The attached ordinance outlines the amount of the loan and that the loan will be repaid from the City's Long Term Control Plan Fund over a period of 20 years. The current 2016 budget shows the loan amount for construction of this sewer separation project; without the loan there will be insufficient funds to start construction in 2016.
BACKGROUND:
The US and Illinois Environmental Protection Agencies have require the City of Aurora to develop and implement a Combined Sewer Overflow Long Term Control Plan (LTCP). Sewer separation is a component of the LTCP. Construction of this project will reduce the frequency of basement backup and combined sewer overflows to the Fox River. Completion of these improvements will also move the City closer to completing its Clean Water Act requirements.
DISCUSSION:
Passing this ordinance is required by the IEPA to loan the City the funds necessary to construct this project in 2016 and 2017. The current 2016 budget shows the full value of the loan in account 281-1856-512-73-09. The final value of the loan will be determined after construction; accordingly, the attached ordinance is higher than that expected amount of the actual loan and will cover the cost of construction and construction engineering.
IMPACT STATEMENT:
By adopting this ordinance the City will have the funds necessary to construct this project. Once completed, the project will reduce the frequency of combined sewer overflows into the Fox River and basement backups in the project area. Duri...
Click here for full text