Resolution 2024-33 Resolution No. 2024-33
A RESOLUTION OF THE UNITED CITY OF YORKVILLE,ILLINOIS,
AUTHORIZING THE SUBMITTAL OF A WIFIA APPLICATION FOR
THE UNITED CITY OF YORKVILLE WATERLINK PROJECT
WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly
existing non home-rule municipality created in accordance with the Constitution of the State of
Illinois of 1970 and the laws of the State; and
WHEREAS, in 2021, the City partnered with the Village of Montgomery and the Village
of Oswego to work together(the "WaterLink") to identify and to analyze the best access to quality
and sustainable drinking water for the residents across the region; and
WHEREAS, the WaterLink, after extensive investigation, identified the DuPage Water
Commission ("DWC") which has provided Lake Michigan water to its customers since 1992, as
the best source to extend the existing transmission system to the WaterLink communities (the
"Project"); and
WHEREAS, the Project will be undertaken in phases and the City is requesting two loans
pursuant to the Water Infrastructure Finance and Innovation Act ("WIFIA") in a total amount of
approximately $127,128,740 as the primary financing source for this Project; and
WHEREAS, on behalf of WaterLink, the City is prepared to submit a WIFIA application
for the WaterLink Project to the Environmental Protection Agency in the form presented to this
meeting of the Mayor and City Council of the United City of Yorkville; and
WHEREAS,the Mayor and City Council have reviewed the proposed terms for the WIFIA
loans and the revenues to be pledged for the repayments of such loans and believe it to be in its
best interest to utilize the WIFIA program as its primary funding source for the Project.
NOW,THEREFORE,BE IT RESOLVED by the Mayor and City Council of the United
City of Yorkville, Kendall County, Illinois:
Section 1.The foregoing recitals are hereby incorporated in this Resolution as the findings
of the Corporate Authorities.
Section 2. In consideration of the foregoing recitals, the City Finance Director and the
City Administrator are hereby authorized and directed to proceed with the WIFIA application
submission for the United City of Yorkville WaterLink Project as presented to this meeting; to
Resolution No. 2024-33
Page 1
undertake any and all actions as may be required to proceed with the WIFIA loans; and, to pay
the application fee of$100,000.
Section 3. This Resolution shall be in full force and effect upon its passage and approval
as provided by law.
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
13th day of August, A.D. 2024.
CI CLERK
KEN KOCH AYE DAN TRANSIER ABSENT
ARDEN JOE PLOCHER AYE CRAIG SOLING AYE
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS AYE RUSTY CORNEILS AYE
APPROVED by me, as Mayorof the United City of Yorkville, Kendall County, Illinois
this aanday of A-UCI(A 1 , A.D. 2024.
i
MAYOR
Attest:
Cl CLERK
Resolution No. 2024-33
Page 2