File #: 202402058    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 9/13/2024 In control: Cincinnati City Council
On agenda: 9/25/2024 Final action: 9/25/2024
ORD/RES# date: 9/25/2024 ORD/RES#: 0307-2024
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/18/2024, AUTHORIZING the City Manager or her designee to apply for, accept, and appropriate Water Supply Revolving Loan Account loan funding in the amount of up to $15,000,000, comprised of $7,950,000 in principal forgiveness and $7,050,000 in zero-interest loan funding, from the Ohio Environmental Protection Agency and the Ohio Water Development Authority to assist with the cost of replacing all public and private lead service lines within the utility's service area; and AUTHORIZING the Finance Director to receive and deposit loan funds into Fund Numbers 756x8569, 756x8527, 312x8569, and 312x8527.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. 307-2024, 4. 307-2024 T

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/18/2024, AUTHORIZING the City Manager or her designee to apply for, accept, and appropriate Water Supply Revolving Loan Account loan funding in the amount of up to $15,000,000, comprised of $7,950,000 in principal forgiveness and $7,050,000 in zero-interest loan funding, from the Ohio Environmental Protection Agency and the Ohio Water Development Authority to assist with the cost of replacing all public and private lead service lines within the utility’s service area; and  AUTHORIZING the Finance Director to receive and deposit loan funds into Fund Numbers 756x8569, 756x8527, 312x8569, and 312x8527.

recommendation

PASS EMERGENCY