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TWDB informed us COVID-19 has delayed the application process, potentially moving the <br />invitation to apply for funding until after the first of the year, with their Board meeting scheduled <br />for either March or April of 2021, during which they will review submitted applications and decide <br />which projects to fund. According to Mr. Koen, it typically takes 2 — 3 months following the <br />Board meeting for approved applicants to begin closing on loans. <br />BUDGET: <br />No budget impact, this resolution is a requirement to continue the application process with the <br />Texas Water Development Board. <br />OPTIONS: <br />1. Approve the resolution to seek funding from the Texas Water Development Board for the <br />Wastewater Treatment Facility rehabilitation project. <br />2. Deny the resolution to seek funding from the Texas Water Development Board for the <br />Wastewater Treatment Facility rehabilitation project. <br />RECOMMENDATION: <br />1. Approve the resolution to seek funding from the Texas Water Development Board for the <br />Wastewater Treatment Facility rehabilitation project. <br />