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2 <br />being pumped from the McGowan Creek pump station. This would enable the County to <br />decommission the McGowan Creek pump station, thereby eliminating the ongoing maintenance <br />costs and the need to rehabilitate this older pump station. <br />This project has already been approved in principle at the August 23, 2011 regular BOCC <br />meeting. Details of the project were included in Section B5 of the abstract entitled "CENTRAL <br />EFLAND AND NORTHERN BUCKHORN SEWER EXTENSIONS; A. FUNDING, AND B. BID <br />AWARD AND CONSTRUCTION". However, in recent conversations with the State <br />Infrastructure Finance division (IF), the County has been asked to submit a separate application <br />for this McGowan Outfall project, rather than appending it to the existing project. This is due in <br />part to the fact that this project will have to be bid separately and in part to some changes in IF's <br />loan protocols over the last year. <br />A copy of the application submitted to the IF on March 1, 2012 is provided at Attachment 1. In <br />order for the project to be included for consideration in this year's funding pool, the deadline for <br />submission of the application was March 1, 2012. Because of the quick turnaround, IF has <br />allowed the County to submit the required Resolution (Attachment 2) within 30 days of the <br />March 1, 2012 deadline. <br />FINANCIAL IMPACT: The McGowan Outfall is already a part of the County's Capital <br />Investment Plan (CIP). Funding for this project was originally planned to come from the SRF <br />loan being used to fund the current construction project. Assuming the McGowan Outfall <br />project is selected by the IF for funding, the financing for the construction of the outfall will <br />instead come from a separate SRF loan and money that would have been used from the <br />original loan will remain unencumbered. The net effect for the County will likely be negligible <br />since the funding for the project has already been taken into account in the CIP. <br />RECOMMENDATION(S): The Manager recommends the Board approve and authorize the <br />Chair to sign the attached resolution authorizing the application for SRF loan funds and ratifying <br />the Manager's signature on the application. <br />