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AI- 8403   4. B. 2.    
Commissioners Court - Regular
Meeting Date: 04/26/2017  
Amendment No. 2 to Loan Forgiveness Agreement Contract No. LF1000340
Submitted By: Natalie Eckstrom, Grants Department
Department: Grants Department  

Information
RECOMMENDATION
Discuss and consider execution of Amendment No. 2 to Loan Forgiveness Agreement Contract No. LF1000340 with the Texas Water Development Board regarding funding for the Cindy Park colonia.
BACKGROUND
The Texas Water Development Board (TWDB) administers loan and grant programs that provide for the planning, acquisition, design, and construction of water related infrastructure and other water quality improvements.
DISCUSSION
On April 28, 2015, the Commissioners Court executed a Loan Forgiveness Agreement with the Texas Water Development Board. The Agreement was for planning and design for a new water distribution system in the Cindy Park colonia. Work has begun on the project; however, the environmental review has been a longer and more tedious undertaking than first estimated.

On August 17, 2016, the Commissioners Court executed Amendment No. 1 to extend the due dates for planning and design.

Amendment No. 2 extends the due dates again to April 30, 2017 for planning and June 30, 2017 for design. The extension was necessary due to several changes that arose regarding which funding source would finance certain portions of the project.

There is no fiscal impact related to this agenda item. The funding remains as 100% loan forgiveness in the amount of $200,000.

Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
Amendment No. 2 to Loan Forgiveness Agreement Contract No. LF1000340

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