Orange County NC Website
t <br />Appropriations for this p ro "ect: <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1) Approve and authorize the Chair to sign the Resolution of Acceptance for the State <br />Revolving Fund (SRF) Loan for this project; <br />2) Authorize the County Manager to sign the State Loan Offer and Acceptance letter on <br />behalf of the Board of County Commissioners; and <br />3) Approve Budget Amendment #1 -B to reflect a reduced project budget based on an <br />expenditure of $31,239 less than estimated for rock removal. <br />FY 2014 -15 <br />Current <br />Budget <br />September 16, <br />2014 <br />Amendment <br />FY 2014 -15 <br />Revised <br />Budget <br />Professional Services <br />$94,200 <br />$0 <br />$94,200 <br />Construction <br />$1,102,573 <br />($31,239) <br />$ 1,071,334 <br />Easements, Loan Orig., misc. <br />$57,814 <br />$0 <br />$57,814 <br />Total Costs <br />$1,254,587 <br />($31,239) <br />$ 1,223,348 <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1) Approve and authorize the Chair to sign the Resolution of Acceptance for the State <br />Revolving Fund (SRF) Loan for this project; <br />2) Authorize the County Manager to sign the State Loan Offer and Acceptance letter on <br />behalf of the Board of County Commissioners; and <br />3) Approve Budget Amendment #1 -B to reflect a reduced project budget based on an <br />expenditure of $31,239 less than estimated for rock removal. <br />