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6.2 West WWTF Financing MPFA Application Request for City Council Action DEPARTMENT INFORMATION ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Administration City Administrator/Finance Director Flaherty March 14, 2022 PRESENTER(s) REVIEWED BY: ITEM #: Administration AE2S 6.2 – West WWTF PFA Loan Application STRATEGIC VISION MEETS: THE CITY OF OTSEGO: Is a strong organization that is committed to leading the community through innovative communication. X Has proactively expanded infrastructure to responsibly provide core services. Is committed to delivery of quality emergency service responsive to community needs and expectations in a cost-effective manner. Is a social community with diverse housing, service options, and employment opportunities. Is a distinctive, connected community known for its beauty and natural surroundings. AGENDA ITEM DETAILS RECOMMENDATION: City staff is recommending that the City Council adopt a resolution authorizing a loan application to the Minnesota Public Facilities Authority. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: The City is progressing with the West Wastewater Treatment Facility Liquid Phase 1 project, which was a key component of the Wastewater Master Plan (the Plan) supporting long term goals and implementation phasing to meet growth expectations. City staff submitted the project to the Minnesota Pollution Control Agency (MPCA) for inclusion on the Project Priority List (PPL). The City’s project scored well enough on the PPL, that City staff also then requested placement of the project on the Intended Use Plan (IUP) with the Minnesota Public Facilities Authority (MPFA). At the March 14, 2022 meeting, the City Council will also consider authorizing solicitation of construction bids for the project. A bid opening is tentatively scheduled for April 26, 2022, with City Council consideration of contract award at the first meeting in May. Concurrent with the bid process, City staff will initiate the project financing to the MPFA for the Clean Water Revolving Fund. City staff will be completing the application and assembling the necessary materials. City staff has drafted the attached resolution, upon adoption by the City Council, would authorize City staff to submit the loan application. SUPPORTING DOCUMENTS ATTACHED: • Resolution 2022-29 POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE IT TO APPEAR IN THE MINUTES: Motion to adopt Resolution 2022-29 authorizing a Clean Water Revolving Fund loan application to the Minnesota Public Facilities Authority. BUDGET INFORMATION FUNDING: BUDGETED: Fund 602 – Sanitary Sewer Utility Yes 1 CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2022-29 CLEAN WATER REVOLVING FUND LOAN APPLICATION TO THE MINNESOTA PUBLIC FACILITIES AUTHORITY WHEREAS, the City of Otsego is progressing with the West Wastewater Treatment Facility Liquid Phase 1 project, which was a key component of the Wastewater Master Plan (the Plan) supporting long term goals and implementation phasing to meet growth expectations; and WHEREAS, the design phase for the West Wastewater Treatment Facility Liquid Phase 1 project is nearing completion; and WHEREAS, the City of Otsego intends to move forward with the construction phase in 2022; and WHEREAS, the City of Otsego will be submitting a complete application package to the Minnesota Public Facilities Authority. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That the City of Otsego is hereby applying to the Minnesota Public Facilities Authority for a loan from the Clean Water Revolving Fund for improvements to its municipal wastewater treatment system as described in the loan application. 2. That the City of Otsego estimates the loan amount to be $38,607,000. 3. That the City of Otsego has the legal authority to apply for the loan, and the financial, technical, and managerial capacity to repay the loan and ensure proper construction, operation and maintenance of the project for its design life. 4. That the City of Otsego hereby expresses its official intent to use proceeds of this loan to reimburse construction expenditures made prior to the issuance of its general obligation bond to the Public Facilities Authority. 2 ADOPTED by the Otsego City Council this 14th day of March, 2022. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: CITY OF OTSEGO __________________________________ Jessica J. Stockamp, Mayor ATTEST: __________________________________ Audra Etzel, City Clerk