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AGENDA ITEM #9.7 <br /> City of 410 <br /> Pequot <br /> Lames - <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Tim Houle <br /> Date: November 3, 2015 <br /> Subject: MN Public Facilities Authority Clean Water <br /> Revolving Fund Application <br /> Report: Congratulations! The City is in the fundable <br /> range on the Minnesota Public Facilities Authority's (MN <br /> PFA's) Clean Water Revolving Fund's (CWRF's) Intended <br /> Use Plan (IUP) to the tune of$1.35 million. The CWRF <br /> provides low interest loans to governmental units in <br /> Minnesota for infrastructure (and other types) of <br /> improvements. <br /> We understand the City may have the necessary financing <br /> in place without having to access the CWRF. By submitting <br /> an application, the City is not obligated to accept the loan. <br /> But, it does provide the City another financing option. We <br /> will need to know no later than around the end of the year <br /> on whether the City wants to pursue this CWRF financing. <br /> In the meantime, we are going to set up the WWTF's row <br />