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Attachment 2 is a Resolution, dated June 21, 2011, that states the BOCC's acceptance of the
<br />SRF loan and conditions. Staff requests the BOCC ratify this Resolution to formally accept the
<br />SRF loan on Project No. CS370884-01, STAG Project No. XP95456411-01.
<br />FINANCIAL IMPACT: As -noted in the abstract from the Board's June 21, 2011 meeting, there
<br />is a $70,000, or 2%, closing fee for the SRF loan that will be due in September. Tf3e payments
<br />for the SRF loan arm anticipated to begin approximately in June 2013, or six months after
<br />construction is complete. The annual loan payments would be approximately $225,000. Both
<br />the closing fee and the debt service payments are included in the County's Capital Investment
<br />Plan.
<br />A-3 BUDGET AMENDMENT # 1-A
<br />Total estimated project costs included in the Capital Investment- Plan were $4,727,101, which
<br />did not include the $475,000 planned for the McGowan Creek Pump- Station planning for
<br />FY2012-13. Since receiving very aggressive bids for the Central Efland/North Buckhorn
<br />Project, both projects can be combined with the McGowan Creek Pump Station Project with an
<br />overall project cost of $4,848,400. Budget Arrrendment #1=A below provides details of the
<br />proposed budget.
<br />Central Efland and Northern Buckhorn Sewer Project:
<br />Project # 30042
<br />Revenues for this project:
<br /> FY2010-11
<br />Amendments Aug. 23, 2011
<br />Amendment FY 2011-12
<br />Revised
<br />EPA SPAP Grant $1,348,400 $1,348,400
<br />State Revolvin Loan Funds 3,500,000 3,500,000
<br />
<br />Total Pro'ect Revenues $4,848,400 $4,848,400
<br />Appropriated for this project:
<br /> Prior Years
<br />Amendment Aug. 23, 2011
<br />Amendment FY 2011-12
<br />Revised
<br />Professional Services $ 519,000 $ 519,000
<br />Construction 4,304,400 4,304,400
<br />Other 25,000 25,000
<br />
<br />Total Pro'ect A ro nation $4,848,400 $4,848,400
<br />The larger budget amount in excess of the bid award will be explained below in section B.S.
<br />B. BID AWARD AND CONSTRUCTION
<br />PURPOSE: B.1.a - Ta authorize the County Manager to enter into an.agreement'regardng tle
<br />withdrawal of the bid submitted``by Triangle Grading & Paving of Burlington, North Carolina, and
<br />B.1.b - to consider awarding a bid to J.F. Wilkerson of Morrisville, North Carolina for the
<br />construction the Central Efland and Northern Buckhorn Sewer Extensions.
<br />BACKGROUND: The County has been working towards construction of an extension to the
<br />Efland sewer system and an extension of the City of Mebane's sewer system into the Northern
<br />Buckhorn community. The work for this project involves the construction of approximately
<br />5,370 linear feet of 8 inch gravity sanitary sewers to serve the Buckhorn Area north of I-85 and
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