HomeMy WebLinkAbout13.a. (Handout) Addditional General Manager Written Announcement ATTACHMENT 2
Item 13.a.
(Handout)
Board Meeting of June 20, 2019
General Manager Additional Written Announcement
PROJECT FINANCING ASSISTANCE
3) Central San Receives 100 Percent Funding from State Revolving Fund
Program for Solids Handling Facilities Improvement Project
On Tuesday, June 18, 2019, the State Water Resources Control Board approved the
Clean Water State Revolving Fund (SRF) Intended Use Plan, which included $89.625
million in funding for Central San District Project 7348, Solids Handling Facilities
Improvement. This project scored 13 out of 16 points, and the State Board approved
scores of 13 and above as the cutoff for funding.
A total of 30 new projects scoring 13 and above will receive approximately $1.3 billion in
low interest loans. Department of Financial Assistance (DFA) staff recommended partial
funding at 31.2% of the request for six projects including San Diego Pure Water, San
Mateo-Foster City Plant Upgrade, California American Water, IEUA RP-5 Expansion, San
Francisco Public Utility Commission Headworks, and City of Stockton Regional
Wastewater Control Facilities. The remaining 24 projects, including Central San, will
receive 100% funding.
Central San's application has already been deemed complete and the next step is to
finalize the design documents for review and approval by DFA and execute the Project
Financing Agreement. DFA has committed to having all Project Financing Agreements
approved by June 30, 2020. Staff is currently planning to bid the Solids Project in Spring
2020, which is within the DFA timeline.