R113261
City Council Meeting: March 23, 2021 Santa Monica, California
RESOLUTION NUMBER (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA AUTHORIZING THE CITY MANAGER TO APPLY
FOR FINANCIAL ASSISTANCE THROUGH THE WATER INFRASTRUCTURE
FINANCE AND INNOVATION ACT PROGRAM AND TO NEGOTIATE AND EXECUTE
A FUNDING AGREEMENT
WHEREAS, on January 25, 2011, the City Council directed staff to develop a plan
to achieve water self-sufficiency on local water sources; and
WHEREAS, the City recognizes that a sustainable and secure water future must
include the coordinated and conjunctive use of all locally available water resources
including traditionally non-potable sources such as brackish groundwater, stormwater,
and wastewater as outlined in the City’s 2018 Sustainable Water Master Plan Update;
and
WHEREAS, pursuant and subject to all of the terms and provisions of the Water
Infrastructure Finance and Innovation Act (WIFIA) of 2014, the United States
Environmental Protection Agency (EPA) is administering the federal credit assistance
program for eligible water and wastewater infrastructure projects; and
WHEREAS, such credit assistance would support investment in water and
wastewater infrastructure by providing long-term, low-cost supplemental loans for
regionally and nationally significant projects; and
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WHEREAS, on October 15, 2020, the City’s Water Resources Division submitted
a Letter of Interest to the WIFIA program to finance the City’s water and wastewater
infrastructure projects; and
WHEREAS, on January 8, 2021, the EPA sent a letter of acceptance to the City’s
Water Resources Division, inviting the City to submit an application for such funds on or
before May 15, 2021; and
WHEREAS, the EPA requires an application fee of $100,000 to be submitted
with the WIFIA application, which will be applied towards the credit processing fee of up
to $300,000 to close the loan;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The City Manager or his or her designee is authorized to apply for
credit assistance for funds up to $84,420,000 or not to exceed 49 percent of total eligible
costs for the City’s Sustainable Water Supply Program. The City Manager or his or her
designee is also authorized to negotiate with the United States Environmental Protection
Agency in connection with the funding application and terms of the proposed financial
assistance, if any. The City agrees to meet established requirements of the WIFIA
Program in connection with the funding application.
SECTION 2. In furtherance of the intent and purposes of this resolution, the
payment of costs and expenses related to the preparation of the WIFIA application is
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hereby authorized in an amount not to exceed $300,000 for the credit processing fee,
including an initial WIFIA application fee of $100,000 to the EPA.
SECTION 3. The City of Santa Monica hereby agrees and further does authorize
the City Manager or his or her designee to certify that the City of Santa Monica has and
will comply with all applicable state and federal statutory and regulatory requirements
related to any federal and state funds received.
SECTION 4. The City Manager or his or her designee is hereby authorized to
negotiate and execute a funding agreement and any amendments or change orders
thereto, take any implementing actions necessary to obtain the WIFIA loan, and certify
funding disbursement on behalf of the City of Santa Monica.
SECTION 5. The City Clerk shall certify to the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
GEORGE S. CARDONA
Interim City Attorney
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Adopted and approved this 23rd day of March 2021.
__________________________
Sue Himmelrich, Mayor
I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do
hereby certify that Resolution No. 11326 (CCS) was duly adopted at a meeting of
the Santa Monica City Council held on the 23rd day of March 2021, by the following
vote:
AYES: Councilmembers Brock, Davis, De la Torre, McKeown, Parra,
Mayor Pro Tem McCowan, Mayor Himmelrich
NOES: None
ABSENT: None
ATTEST:
_____________________________________
Denise Anderson-Warren, City Clerk
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