AN ORDINANCE relating to Seattle Public Utilities; authorizing the General Manager/CEO of Seattle Public Utilities to enter into an amended Water Quality Combined Financial Assistance Agreement with the State of Washington Department of Ecology to partially finance costs related to the construction of the Ship Canal Water Quality Project; and ratifying and confirming certain prior acts.
Thank you. The bill passes. The chair will sign it. And Madam Clerk, can you please affix my signature to the legislation on my behalf? HQ Moving on to item number four. This is Councilmember Peterson's legislation. Will the clerk please read item number four to the record? Agenda item four Capital 120354 relating to set of public utilities authorizing general manager, such CEO of Seattle Public Utilities to enter into an amended water quality combined financial assistant agreement with the State of Washington Department of Ecology to partially finance costs related to the construction of the ship canal water quality project and ratifying confirming starting prior acts . Thank you, Madam Clerk. I move to pass Council Bill 120354. Is there a second? Second? Thank you. Councilmember Peterson. It's believed and seconded. And the floor is yours. Thank you. Council president. Colleagues, as we know, the ship Canal Water Quality Control Project is a very large capital project under construction. It will reduce polluted stormwater impacting Lake Washington Ship Canal. The project was agreed to in compliance with a Clean Water Act consent decree involving City King County, Washington State Department of Ecology and the U.S. EPA . And this results. This bill results in the financing costs being reduced. So we welcome this bill. It will enable us to take advantage of 59 million and very low interest funds through a federal program. Thanks to the below market interest rate, the loan will save city ratepayers approximately 15 millions because the legislation will save money and there is time sensitivity to take advantage of it. We set this straight to the city council. Our city council central staff has no concerns with it. And I, along with the executive, urge its passage today. Thank you. Thank you. Customer PETERSON Sorry about that. Are there any other comments? And per my script, Casper Peterson, is any closing comments you'd like to make? No. Thank you. Will the clerk please call the role on the passage of the bill? Council member? Yes. Councilmember Strauss? Yes. Councilmember Herbold. Yes. Councilmember Lewis. Yes. Let's remember Morales. Councilmember Morales asked. Councilmember Nelson, I. Councilmember Peterson. Yes. Council president worries. High. Eight in favor and unopposed. Thank you. The bill passes and the chair will sign it. And Madam Clerk, again, please affix my signature to the legislation on my behalf. Well, that concludes our committee reports. Moving on to our agenda. There were no items removed from the consent calendar, so we'll move on from that. There are no resolutions for any reduction in adoption today, so we'll move on from that other business. So any other business before council president. Councilmember Strauss.