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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originaring Department: <br />Presented By: <br />Agenda Item No.: <br />03/02/09 <br />Council Date: <br />City Council <br />Kevin Carruth <br />22. <br />03/09/09 <br />RECOMMENDED MOTION: <br />Not an action item <br />PoLIcY IssuE(s): <br />Fiscal management <br />BACKGROUND: <br />Rules and procedures for allocating funds from the American Recovery and Reinvestment Act (i.e. the <br />Federal stimulus bill) are mostly still being developed. There is a strong emphasis on projects that are <br />"shovel ready," i.e. can be started within 12 months. So far the City has applied to the Texas Water <br />Development Board for $9,970,000 from the Drinking Water State Revolving Loan program and <br />$10,545,000 from the Clean Water State Revolving Loan program. The projects selected for inclusion <br />were taken from the City's ten-year capital improvement plan. It has yet to be determined if any <br />funding would be in the form of a low interest loan, no interest loan, forgivable loan, or some <br />combination of the three. <br />TxDOT Aviation has also called late this week and asked if the City would consider doing phases I and <br />II of the four-year airport grant project at once. They anticipate getting an allocation of stimulus money <br />and since the priority is shovel ready projects they are planning on accelerating their current capital plan. <br />The first two phases are primarily engineering and planning and phases III and IV are mostly <br />construction. <br />All departments are monitoring the developing process so we can apply as details become available. <br />This week TML developed a website (see http://www.tml.org/legislative_stimulus.html) as an <br />information clearinghouse for cities. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Council Member Agenda Item Request Form, DWSRF and CWSRF applications <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$ <br />Z Presentation ❑ Ordinance <br />y'I'D Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administration E City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris 0OU2~~ Revised 2/04/08 <br />