Meeting Time: September 09, 2025 at 10:00am PDT
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Agenda Item

10. Recommended by Water System Approval of Closing Resolution for Safe Drinking Water State Revolving Loan Fund Construction Financing for Western Trunk Line Phase 2A. Safe Drinking Water State Revolving Fund (DWSRF) financing will result in a positive fiscal benefit to LADWP because it will provide low-interest (1.90 percent) financing for the Project, with a repayment period of up to 30 years. Repayment commences one year after funded projects are certified to be complete. Total estimated interest savings from this DWSRF Agreement is $56,037,058. Determine item is compliant with CEQA Guidelines Sections 15070-15075.