RES 2022-29 Clean Water Revolving Fund Loan Application to the MN Public Facilities AuthorityCITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2022-29
CLEAN WATER REVOLVING FUND LOAN APPLICATION
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.
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ADOPTED by the Otsego City Council this 14th day of March, 2022.
MOTION BY: Goede
SECONDED BY: Darkenwald
INFAVOR:Stockamp, Goede, Darkenwald, and Dahl
OPPOSED: none
CITY OF OTSEGO
Jessica J. Stockamp, M yor
ATTEST:
Audra Etzel, City Clerk
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