RESOLUTION NO. 2012-04
A RESOLUTION of the City Council of the City of Lakewood, Washington, authorizing the Lakewood City Manager to execute a Public Works Trust Fund Loan Agreement for the construction of American Lake Gardens / Tillicum Sewer Extension and Side Sewer Construction Program.
WHEREAS, the City of Lakewood is a municipal corporation within Pierce County, Washington; and
WHEREAS, the Lakewood City Council desires to provide sanitary sewer infrastructure to the neighborhoods of American Lake Gardens and Tillicum to allow for denser development as envisioned in the City of Lakewood’s Comprehensive Plan; and
WHEREAS, the current septic systems cannot provide adequate wastewater treatment for the higher development densities outlined in the City of Lakewood’s Comprehensive plan; and
WHEREAS, the City of Lakewood City Council authorized Resolution 2004-28 enacting a sewer surcharge for the purpose of paying for sewer extensions to American Lake Gardens; and
WHEREAS, the City of Lakewood City Council authorized Resolution 2006-31 stating that the financing of private side sewer is of a public benefit in order to insure minimum sewer flows can be achieved to operate the American Lake Gardens / Tillicum sanitary sewer system; and
WHEREAS, the City of Lakewood City Council wishes to provide financial assistance to property owners for the purpose of designing, permitting, constructing, and paying hook-up fees for side sewer construction; and
WHEREAS, the City of Lakewood City Council under Resolution 2008-05 set certain terms and conditions under which financial assistance side sewer loans shall be offered;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKEWOOD, WASHINGTON HEREBY RESOLVES, AS FOLLOWS:
Section 1. The City Manager is authorized to execute a Public Works Trust Fund Loan Agreement for the amount of $500,000 (Five Hundred Thousand Dollars) for the purpose of making available said funds via loans to fronting property owners on the Woodbrook/Tillicum Sewer Extension project to assist in covering the costs associated with connecting their buildings to the said sewer system.
Section 2. The retirement of the debt on this Public Works Trust Fund Loan will be either from the debt service payments from those fronting property owners who received side sewer loan funding from the City or from the sanitary sewer surcharge enacted by Resolution 2004-28 or from the sewer availability charge enacted by Ordinance No. 530.
Section 3. The City of Lakewood shall utilize the Public Works Trust Fund Loan dollars for the construction of side sewers under the following conditions for which these conditions shall take precedence to those established under Resolution 2008-05 and for which the major differences are as follows:
PASSED by the City Council this 3rd day of January, 2012.
CITY OF LAKEWOOD
Alice M. Bush, MMC, City Clerk
Approved as to Form:
Heidi Ann Wachter, City Attorney
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