File #: 22-0560    Version: 1 Name:
Type: Report Action Item Status: Passed
File created: 4/21/2022 In control: Finance Committee
On agenda: 4/25/2022 Final action: 5/4/2022
Title: Request to approve the following 2022 Budget amendment: Water Utility Fund Lead Service Replacement +$255,000 Other Reimbursement Revenue +$505,000 Water Utility Fund Balance +$250,000 to allow for acceptance of the Principal Forgiveness Safe Drinking Water Loan and to increase funding for the contract to be issued to VanRite Plumbing to complete lead service replacements (2/3 vote of Council required)
Attachments: 1. Budget Adjustment Lead Service Line Replacement Memo.pdf

Title

Request to approve the following 2022 Budget amendment:

 

Water Utility Fund

Lead Service Replacement                                                                                                                              +$255,000

Other Reimbursement Revenue                                                                                    +$505,000

Water Utility Fund Balance                                                                                                                              +$250,000

 

to allow for acceptance of the Principal Forgiveness Safe Drinking Water Loan and to increase funding for the contract to be issued to VanRite Plumbing to complete lead service replacements (2/3 vote of Council required)