Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute and submit a revised application to the Ky. Infrastructure Authority (KIA), and to provide any additional information requested in connection with the application, for a low interest State Revolving Fund Loan in the amount of $45,000,000 in order to provide funding for the North Elkhorn Wet Weather Storage Tank Consent Decree Remedial Measures Project. [Div. of Water Quality, Sanders]
Summary
Authorization to submit a revised loan application to the Kentucky Infrastructure Authority (KIA) to provide funding for the North Elkhorn Wet Weather Storage Tank Consent Decree Remedial Measures project (Reso. 586-2025). This revision increases the loan amount from $20,000,000 to $45,000,000. No Budgetary impact. (L0659-26)(Sanders/Martin)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Todd Henning 8/3/2026
Risk Management: No
Fully Budgeted [select]: NA - Budget would be established if the loan application is approved.
Account Number: N/A
This Fiscal Year Impact: Repayment of the loan at a to-be determined interest rate would be a financial obligation for the duration of the loan, assumed to be 20 years.
Annual Impact: Repayment of the loan at a to-be determined interest rate would be a financial obligation for the duration of the loan, assumed to be 20 years.
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, LFUCG proposes to provide upgraded sanitary sewer service for industrial, institutional, commercial, and residential growth in the LFUCG service area; and
WHEREAS, under the terms of Title VI of the Water Quality Act of 1987 (Public Law 100-4) and amendments to KRS 224A, the State is authorized to render financial assistance to eligible project applicants by way of capitalization Grants from the U.S. Environmental Protection Agency and State match funds comprising the Federally Assisted Was...
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