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2017-01 Authorizing to Borrow from Water Pollution Control Revolving Loan Fund
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2017-01 Authorizing to Borrow from Water Pollution Control Revolving Loan Fund
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Last modified
5/22/2017 2:04:46 PM
Creation date
1/25/2017 4:24:36 PM
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Resolution/Ordinance
Res Ord Num
2017-01
Res Ord Title
Authorizing to borrow funds from the Water Pollution Control Revolving Loan Fund
Department
Public Works
Approved Date
1/17/2017
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x,0716� -20/7- 0/ <br /> ILLINO]5 ENVIRONMENTAL PROTECTION AGENCY <br /> io21 NORTH GRAND AVENUE EAST,P.O.Box 19276,SPRINGFIELD,ILLINOis 62794-9276•(217)792-3397 <br /> BRUCE RAUNERt GOVERNOR ALEC MESSINA, DIRECTOR <br /> 217/782-2027 <br /> CERTIFIED MAIL <br /> MAY 10 2017 <br /> Mr. Tim Gleason, City Manager <br /> City of Decatur <br /> #1 Gary K. Anderson Plaza <br /> Decatur, Illinois 62523 <br /> Re: City of Decatur/L175315 <br /> Loan Agreement <br /> Dear Mr. Gleason: <br /> It is a pleasure to advise you that your application for a water pollution control loan, under the <br /> provisions of the Environmental Protection Act, has been approved in the amount of <br /> $4,012,486.81 at a 1.75 percent simple annual interest rate. <br /> The Loan Agreement is enclosed in triplicate. After the Agreement is reviewed, the original and <br /> one copy should be signed by the appropriate official and returned to the Infrastructure Financial <br /> Assistance Section, Bureau of Water, P.O. Box 19276, Springfield, IL 62794-9276 as soon as it <br /> is signed, but no later than July 14, 2017. The second copy is for your records. Receipt of a <br /> written refusal or failure to return the properly executed documents within the specified time <br /> may subject the Loan Agreement to cancellation consideration. <br /> Your attention is invited to the Standard Conditions of the Loan Agreement which outlines the <br /> requirements and terms of your loan. The schedule is based on your awarding contracts and <br /> initiating project construction promptly. Your compliance with the loan conditions and terms <br /> will facilitate our processing and your receipt of loan disbursements. In addition, by acceptance <br /> of this loan agreement, the loan recipient agrees to comply with any future reporting and/or <br /> accountability requirements that may be associated with the State Revolving Fund programs in <br /> Illinois. <br /> For each contract awarded, please submit a copy of the executed contract; a copy of the <br /> certificate of insurance; a copy of the performance and payment bonds; and the notice to proceed <br /> as soon as these documents are available. <br /> 4362 N-Main St.,Rockford,IL 61103(815)987-77617 9511 Harrison St.,Des Plaines,IL 60016(8471j24 <br /> 595 S.State,Agin,IL 60123(847)608-3131 412 SW i.WmAington St-,Suite D,Peoria,IL 61642(3 309)671 3622 <br /> 2125S. First St,Cha prig n,IL 61824(217)278-5807 2309 W.Moin St.,Suite 116,Marian,IL 62459(618)993-7240 <br /> 2009 Mall St,Coltinsville,tL 62234(618}346-5124 100'VV-Rondolp4s,Suite 10-300,Chicago,IL 60601 <br /> Pease Psn T os Rccr=PAm <br />
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