Title
Incorporated County of Los Alamos Resolution 22-16, A Resolution Authorizing the County Council Chair or Los Alamos County Utilities Manager to Approve Submission of Completed Applications and Necessary Documents for 2023 Applications to the Water Trust Board for Funding Water System Projects.
Recommended Action
I move that Council Approve Resolution 22-16 Authorizing the County Council Chair or Los Alamos County Utilities Manager to Approve Submission of Completed Applications and Necessary Documents for 2023 Applications to the Water Trust Board for Funding Water System Projects.
Utilities Manager's Recommendation
The Utilities Manager recommends that Council approve the Resolution as requested.
Board, Commission or Committee Recommendation
The Board of Public Utilities approved this Resolution at their regular meeting of August 17, 2022 and unanimously recommends that Council also approve as requested.
Body
The Department of Public Utilities (DPU) has chosen to apply to the New Mexico Finance Authority, Water Trust Board (WTB) in the 2023 cycle to fund the State Road 4 Water Transmission Line Replacement project. The project is estimated to cost $6 million. We plan to apply for $5 million from the WTB. We do not know the amount that will be awarded, but if successful we anticipate the award will have a 60% grant component, 40% loan component (20-year term @ 0.25% interest rate), and a required match of 20% of the awarded amount which would come from DPU water production capital funds.
The project is driven by the NMDOT's plans to reconstruct NM-4 between White Rock and the NM-502/NM-4 intersection in 2024. The existing 16" water transmission line is located along NM-4 roadway and has been experiencing leaks more frequently in recent years. The pipeline is concrete cylinder material which is difficult to repair and failures are extremely destructive. The new road will be widened placing a large amount of the pipeline beneath the new asp...
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