Title
Approval & Recommendation to Council of the Incorporated County of Los Alamos Ordinance No. 731, an Ordinance Authorizing the Incorporated County of Los Alamos (Borrower) to Enter Into a Loan Agreement With the New Mexico Environment Department (NMED) for the Purpose of Obtaining Project Loan Funds in the Principal Amount of $800,000 Plus (0.01%) Accrued Interest; and Loan Subsidy Grant Funds in the Amount of $200,000 for a Total Funded Amount of $1,000,000; Designating the Use of the Funds for the Bayo Non-potable Booster Station Refurbishment As Approved by NMED; Declaring the Necessity for the Loan; Providing That the Loan Will Be Payable and Collectible Solely From the Borrower’s Pledged Revenues Defined Below; Prescribing Other Details Concerning the Loan and the Security Therefore
Recommended Action
I move that the Board of Public Utilities approve and recommend to Council that Incorporated County of Los Alamos Ordinance No. 731 be adopted to authorize Los Alamos County to Enter Into a Loan Agreement with the New Mexico Environment Department.
Utilities Manager Recommendation
The Utilities Manager recommends that the Board approve this Ordinance and forward to Council for introduction and adoption.
Body
Ordinance 731 will authorize the Department of Public Utilities (DPU) to execute a Clean Water State Revolving Loan (CWSRL) in the amount of $800,000 with a $200,000 subsidy grant. The loan and grant will fund the refurbishment of the existing Bayo Booster Station located adjacent to the composting facility in Pueblo Canyon. The booster station pumps treated effluent from the Los Alamos Wastewater Treatment Plant to a tank at the Los Alamos Middle School for irrigating the golf course and North Mesa ball fields. The booster station has been in service for 32 years. The work will include various mechanical and electrical upgrades which include a new disinfection system, motor control center, electric gear, valves, air relief /vacu...
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