Title
The Board of Water Commissioners for the City of Detroit Water and Sewerage Department approves the amendment to the Water Supply System (WSS) 5-Year Capital Improvement Program for Fiscal Years 2025 through 2029 and the Fiscal Year 2025 Capital Budget and further authorize the Director and Chief Financial Officer to take such other action as may be necessary to accomplish the intent of this vote.
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Agenda of October 16, 2024
Item No. 2024-203
Amended 5-Year Capital Improvement Program (CIP) Fiscal Years 2025 to 2029 Water Supply System Amount: $503,909,000 and FY 2025 Capital Budget Water Supply System Amount: $156,848,000
TO: The Honorable
Board of Water Commissioners
City of Detroit, Michigan
FROM: Gary Brown, Director
Detroit Water and Sewerage Department
RE: Resolution to Amend the 5-Year Fiscal Years 2025 to 2029 Capital Improvement Program (CIP) Budget and the Fiscal Year 2025 Capital Budget for the Water Supply System to reflect the reclassification of Funding Sources
MOTION
Upon recommendation of Istakur Rahman, Chief Financial Officer, the Board of Water Commissioners for the City of Detroit Water and Sewerage Department approves the amendment to the 5-Year Capital Improvement Program (CIP) Budget for Fiscal Years 2025 to 2029 and the Fiscal Year 2025 Capital Budget for the Water Supply System to reclassify certain funding sources; and further authorizes the Director and Chief Financial Officer to take such other action as may be necessary to accomplish the intent of this vote.
WHEREAS The Great Lakes Water Authority (“GLWA”) assumed operation of the regional Water and Sewer systems and the Detroit Water and Sewerage Department (“DWSD”) continued operation of the retail water and sewer systems on January 1, 2016 pursuant to Lease Agreements between GLWA and the City of Detroit dated June 12, 2015.
WHEREAS The Detroit Water and Sewerage Department is seeking approval to reclassify $30 million from the State Revolving Fund funding source to Bond Fund funding source.
WHEREAS This change will increase the Fiscal Years 2025 and 2026 Budgeted amounts by $9,000,000 each year and reduce Fiscal Years 2027, 2028 and 2029 Budgeted amounts by $6,000,000 each year.
WHEREAS This amendment has no impact on the total CIP Budget for the 5-Year period (FY 2025 to FY 2029) originally approved by the Board on April 17, 2024 and which stands at $503,909,000.
NOW THEREFORE BE IT:
RESOLVED That the Detroit Board of Water Commissioners approves the attached Amended 5-Year Capital Improvement Program Budget for Fiscal Years 2025 to 2029 and the Fiscal Year 2025 Budget; and be it finally
RESOLVED That the Director, and the Chief Financial Officer are authorized to take such other action as may be necessary to accomplish the intent of this resolution.