City Council

Item 60:\nState Revolving Fund Loan to the City of San Diego’s Sewer System for the Alvarado\nTrunk Sewer Phase IV Project – Package A.\nTotal Estimated Cost of Proposed Action and Funding Source:\nFor an estimated financing amount of $40 million, over a 30-year level debt repayment\nterm, with an interest rate of 2.2%, the annual debt service is estimated to be\napproximately $1.9 million. If the estimated financing amount is $50 million, the annual\ndebt service is estimated to be approximately $2.3 million.\nCouncil District(s) Affected:  Citywide.\nProposed Actions:\nAdopt the following Ordinance which was introduced on 2/10/2026, Item 330, (Council\nvoted 7-0, Councilmember Campbell-not present, Councilmember Campillo-not present):\n(O-2026-70)\nOrdinance authorizing the Mayor or designee to implement a Clean Water State\nRevolving Fund Loan for the Alvarado Trunk Sewer Phase IV Project - Package A in an\nestimated amount reasonably expected not-to-exceed $50 million.\n6 votes required pursuant to Charter Section 99.\nCommittee Actions Taken:\nThis item was heard at the Budget and Government Efficiency Committee meeting on\nJanuary 14, 2026.\nACTION:  Motion by Council President Pro Tem Lee, second by Chair Foster III, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 3-0; Foster III-yea, Moreno-yea, Lee-yea, Elo-Rivera-not present.\nDepartment of Finance: Kevin Werner, (619) 533-6121\nCity Attorney Contact: Bret A. Bartolotta