Focus Area: Infrastructure (Engineering)
Staff Contact: Mary Jaeger / Nate Baldwin
Subject: Resolution authorizing the completion of the State Revolving Loan Application with Kansas Department of Health and Environment associated with the Super Critical Water Oxidation Project application.
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TITLE:
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Consideration of Resolution No. 25-1019 authorizing the City of Olathe’s completion of an application to Kansas Department of Health and Environment for a loan for the Super Critical Water Oxidation Project, PN 1-C-019-25.
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Summary:
Staff is requesting authorization to complete an application with the Kansas Department of Health and Environment for a loan from the Kansas Water Pollution Control Revolving Fund, which is part of the State Revolving Fund (SRF). Kansas SRF is funded yearly with an EPA partnership.
The Bipartisan Infrastructure Law signed into law on November 15, 2021, awarded the EPA, over $225,000,000 yearly for 5-years to fund a special SRF category that would only address Emerging Containments within the Clean Water Program. The City will complete the application to apply for this Emerging Containment funding.
This 100% principal forgiveness loan will provide $4,568,000 of additional funding for the Super Critical Water Oxidation project. This loan will cover over 70% of the total project construction costs.
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Financial Impact:
A loan, not to exceed $4,568,000, will be used to offset expenses associated with the Super Critical Water Oxidation project. This loan is a 100% principal forgiveness loan.
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Action Needed:
Approval of Resolution No. 25-1019 authorizing the City of Olathe’s completion of an application to Kansas Department of Health and Environment for a loan for the Super Critical Water Oxidation Project, PN 1-C-019-25.
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Attachment(s):
A. Resolution