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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. XP9545641 1 -0 1.
<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. The payments
<br />for the SRF loan are 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 Amendment #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 ro'ect:
<br />Annronriated for this oroiect:
<br />FY2010 -11
<br />Amendments
<br />Aug. 23, 2011
<br />Amendment
<br />FY 2011 -12
<br />Revised
<br />EPA SPAP Grant
<br />$1,348,400
<br />$1,348,400
<br />State Revolving Loan Funds
<br />3,500 000
<br />3,500,000
<br />Other
<br />25,000
<br />25,000
<br />Total Project Revenues
<br />1
<br />$4,848,400
<br />$4,848.400
<br />Annronriated for this oroiect:
<br />The larger budget amount in excess of the bid award will be explained below in section B.5.
<br />B. BID AWARD AND CONSTRUCTION
<br />PURPOSE: B.1.a — To authorize the County Manager to enter into an agreement regarding
<br />the withdrawal of the bid submitted by Triangle Grading & Paving of Burlington, North Carolina,
<br />and B.1.b — to consider awarding a bid to J.F. Wilkerson of Morrisville, North Carolina for the
<br />construction the Central Efland and Northern Buckhorn Sewer Extensions.
<br />BACKGROUND: The County has been working towards construction of an extension to the
<br />Efland sewer system and an extension of the City of Mebane's sewer system into the Northern
<br />Buckhorn community. The work for this project involves the construction of approximately
<br />Prior Years
<br />Amendment
<br />Aug. 23, 2011
<br />Amendment
<br />FY 2011 -12
<br />Revised
<br />Professional Services
<br />$ 519,000
<br />$ 519,000
<br />Construction
<br />4,304,400
<br />4 304 400
<br />Other
<br />25,000
<br />25,000
<br />Total Project Appropriation
<br />$4,848,400
<br />$4,848,400
<br />The larger budget amount in excess of the bid award will be explained below in section B.5.
<br />B. BID AWARD AND CONSTRUCTION
<br />PURPOSE: B.1.a — To authorize the County Manager to enter into an agreement regarding
<br />the withdrawal of the bid submitted by Triangle Grading & Paving of Burlington, North Carolina,
<br />and 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
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