Resolution No. 2025-132, Authorizing Execution of Loan Agreement with the Minnesota Public Facilities Authority for the Locke Park WTP GAC Treatment Addition Project No. 24-199
Resolution No. 2025-132
Authorizing Execution of Loan Agreement with the Minnesota Public Facilities Authority
for the Locke Park WTP GAC Treatment Addition Project No. 24-199
Whereas, in June of 2024 the City of Fridley (City) successfully made an Intended Use Plan (IUP)
application to the Minnesota Public Facilities Authority (PFA) for improvements to its municipal
drinking water system described as the Locke Park WTP GAC Treatment Addition Project No. 24-
199 (Project); and
Whereas, Resolution No. 2025-25, approved March 24, 2025, authorized application for funding
through the PFA and the City has made application for a loan through the Drinking Water
Revolving Fund (DWRF) for the Project;
Whereas, the City estimates Project construction and construction engineering costs funded by
the loan to be $5,876,700; and
Whereas, the Project is eligible for loan forgiveness estimated to be $2,938,350 through the DWRF
Principal Forgiveness Grant program; and
Whereas, the City has the legal authority to apply for the loan, and the financial, technical, and
managerial capacity to repay the loan and ensure proper construction, operation and
maintenance of the Project for its design life.
Now, therefore be it resolved, that the City Council of the City of Fridley hereby approves
finalization and execution of the attached loan agreement with the Minnesota Public Facilities
Authority in the amount of $2,938,350.
Passed and adopted by the City Council of the City of Fridley this 13th day of October, 2025
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David Ostwald – Mayor
Attest:
Melissa Moore – City Clerk