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File #: 24-5914   
Type: Consent Status: Agenda Ready
File created: 9/27/2024 In control: City Council
On agenda: 11/7/2024 Final action:
Title: Approve a resolution requesting financial participation from the Texas Water Development Board, authorizing the City Manager to apply for low-interest loans in a total amount not to exceed $25,000,000 from the Texas Water Development Board's Clean Water State Revolving Fund for the Upper Waller Creek - Guadalupe Street Flood Risk Reduction Project, and making certain findings related to this request.
Attachments: 1. Draft Resolution, 2. Postponement Memo, 3. Recommendation for Action
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Title
Approve a resolution requesting financial participation from the Texas Water Development Board, authorizing the City Manager to apply for low-interest loans in a total amount not to exceed $25,000,000 from the Texas Water Development Board's Clean Water State Revolving Fund for the Upper Waller Creek - Guadalupe Street Flood Risk Reduction Project, and making certain findings related to this request.

De
Lead Department
Watershed Protection Department.

For More Information:
Hanh Thai, P.E., Supervising Engineer, 512-974-9232 or Hanh.Thai@austintexas.gov; Taja Beekley, Associate Project Manager, 512-974-3301 or Taja.Beekley@austintexas.gov.

Additional Backup Information:
The Clean Water State Revolving Fund (CWSRF) is administered for the U.S. Environmental Protection Agency by the Texas Water Development Board (TWDB). The program provides low-cost financing to eligible applicants for a wide range of wastewater, stormwater, reuse, and other pollution control projects. The loan funds may be used for planning, acquisition, design, and construction.

The Watershed Protection Department (Department) submitted a Project Information Form (PIF) on February 26, 2024, for the Upper Waller Creek - Guadalupe Street Flood Risk Reduction Project (Guadalupe Street FRRP) for the State Fiscal Year 2025 CWSRF program. PIFs from across the State were scored, ranked, and included in the CWSRF Intended Use Plan (IUP) by TWDB. The Guadalupe Street FRRP was ranked first on the Project Priority List under Nonpoint Source Pollution and made the Initial Invited Projects List. TWDB formally adopted the IUP on September 12, 2024, and issued an official invitation to apply. The Department must submit a completed application within 60 days of that date. An application does not guarantee funding or commit the City to deliver the proposed project.

CWSRF offers below-market fixed interest rates with the possibility of up to 15 percent principal loan forgiveness for gr...

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