To: Members of the Castle Rock Water Commission
From: Mark Marlowe, P.E., Director of Castle Rock Water
Title
Ordinance Authorizing, Approving and Directing the Execution and Delivery of a
Loan Agreement Payable from Net Revenue to be Derived from the Operation of the
Town of Castle Rock Stormwater enterprise, and Certain Other Documents in
Connection Therewith, For the Purpose of Financing Various Capital Improvements
to the Stormwater System, and Providing for Its Emergency Adoption on Second
and Final Reading (Second Reading)
Town Council Agenda Date: December 17, 2019
Body
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Executive Summary
Attached is the Council Packet for the 1st Reading of the Ordinance. No changes were made to packet. The 2nd Reading (Emergency Adoption) of the Ordinance is scheduled for December 17, 2019.
Proposed Motion
“I move to recommend to Town Council approval of the ordinance as introduced by title, on second reading as presented”
Attachments
Attachment A Town Council Memo from December 3, 2019
Attachment B Bank Loan Ordinance
Attachment C Summary of Bank Loan Proposals
Attachment D Critical Storm water Projects Memo