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3 <br />Board's adopted debt management policy guideline of annual debt service payments equating <br />to no more than 15 percent of the total General Fund budget, <br />The attached Efland Sewer Capital Project Qrdinance provides funding, as outlined above, to <br />complete constnaction of the water and sanitary sewer services to the Buckhorn Area, including <br />the new Gravelly Hill Middle School <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1) award a bid and approve a contract to J,F, Wilkerson Contracting, Morrisville, NC in an <br />amount not to exceed $1,532,095, subject to final review by the County Attorney and <br />staff; <br />2) authorize the Chair to sign the contract on behalf of the Board; and <br />3) approve the attached capital project ordinance. <br />