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<br /> 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%, dosing 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/Nodh .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 project:
<br /> FY2010-11 Aug.23,2011 FY 2011-12
<br /> Amendments Amendment Revised
<br /> EPA SPAP Grant $1,348,400 $1,348,400_
<br /> State Revolving Loan Funds 3,500,000 3,500,000
<br /> . Totai Project Revenues $4,848,400 $4,848,400
<br /> Appropriated for this project:
<br /> Prior Years Aug,23,2011 FY 2011-12
<br /> Amendment Amendment _ Revised •
<br /> _Professional Services -$ 519,000 $ 519,000
<br /> Construction 4,304,400 4,304,400•
<br /> Other 25,000 25,000
<br /> Total Project Appropriation $4,848,400 $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 _�- 4 _ -_ �L:.-Y,�
<br /> authorize_V-,7 t er-to- f ": -n,. 're. -:
<br /> _._,..� .: flrjlt�o araeementi atdtn :the
<br /> -_ T1-. a.r-W).__—_ __ _- 5;;:'-'9— - � T�:.�� i : . i ;a.=,'.:`e:-.rs:n�.::r:.c,?.;�:.�..y..__s� ..�t
<br /> Pithdra,w�al of#je'tid;_subrr. ed b :Tear le:Gradin &.P. v 'C . .°:-
<br /> ._Y. x.�,_..��� - - _g ,,:,a !t'?Jr�f .u�l�rtgtort� orfl�jC�'oltrta, 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 1-85 and
<br />
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