PUBLIC HEARING concerning a proposed loan in an amount not to exceed $74,280,000 to be taken by the City of Topeka from the Kansas Public Water Supply Loan Fund administered by Kansas Department of Health and Environment (KDHE) pursuant to KSA 65-163c et seq.

RESOLUTION introduced by City Manager Dr. Robert M. Perez, authorizing the filing of an application to the Kansas Department of Health and Environment regarding a loan from the Kansas Public Water Supply Loan Fund.

Voting Requirement: Action requires at least six (6) votes of the Governing Body.

(Approval would authorize City staff to proceed with the preparation and execution of a loan agreement with KDHE for the purposes of permanently financed costs related to inventorying or replacing lead service lines.)

Whether to authorize City staff to proceed with the preparation and execution of a loan agreement with KDHE for the purposes of permanently financed costs related to inventorying or replacing lead service lines.

Staff recommends the Governing Body conduct the public hearing and approve the resolution.

Debt service for permanently financed inventorying or replacing lead service lines projects would be scheduled over a 20-year period and payments would be structured through the appropriate utility fund.

Debt service will be paid through the water utility fund and is funded by associated fees.