HomeMy WebLinkAbout026-25 - Resolution - Old Clifton Intertie Local AgreementDocusign Envelope ID: 5A9D852E-FAE6-4350-BDF8-ACB4C88D2911
RESOLUTION NO.026-25
A RESOLUTION OF THE CITY OF PORT ORCHARD, WASHINGTON, AUTHORIZING
THE MAYOR TO EXECUTE A LOAN AGREEMENT WITH THE WASHINGTON STATE
PUBLIC WORKS BOARD FOR THE OLD CLIFTON ROAD WATER INTERTIE PROJECT.
WHEREAS, the City of Port Orchard has identified the need for an intertie between the
City's water system and the McCormick Woods water system, as analyzed in the Port Orchard
Consolidation Study dated March 31, 2021; and
WHEREAS, the Old Clifton Road Water Intertie Project will improve water system resiliency,
support future growth, and enhance operational flexibility on the west side of the City; and
WHEREAS, the City applied to the Washington State Public Works Board (PWB) for financing
through its Pre -Construction Loan Program to fund engineering, design, and permitting for the
Project; and
WHEREAS, the City Council approved submission of the loan application through Resolution
No. 034-24 on June 25, 2024; and
WHEREAS, on September 6, 2024, the Washington State Public Works Board awarded the
City of Port Orchard a $1,000,000 low -interest loan with a 0.86% interest rate and a five-year
repayment term to support pre -construction activities; and
WHEREAS, the loan agreement has now been prepared and is ready for execution; now,
therefore,
THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, HEREBY RESOLVES AS
FOLLOWS:
THAT: The City Council hereby authorizes the Mayor to execute the loan agreement with
the Washington State Public Works Board for the Old Clifton Road Water Intertie Project in
the amount of $1,000,000.
THAT: The Mayor is further authorized to take all necessary actions to implement the
agreement, including execution of related documents, subject to review by the City
Attorney.
PASSED by the City Council of the City of Port Orchard, SIGNED by the Mayor and attested by
the Clerk in authentication of such passage this 131" day of May 2025.
ISigned by:
6b Naa WA,
3R96492F3F58AZD
Robert Putaansuu, Mayor
�Egln by:
) !AAA,
4FiA5A54RR�00418
Brandy Wallace, MMC, City Clerk