HomeMy WebLinkAboutC.054.93010_12879. Request for Approval of an Amendment to the West Farm Water/Sewer
Community Development Block Grant Capital Project Ordinance: Finance
Director Blumensicin said a project ordinance was adopted at a previous meeting, but
since that time, it had been learned that the Committee of 100 had contracted grant
administration fees directly with Paula Bass, a consultant, in the amount of $24,000.
Blumenstein said the $24,000 was considered a part of the $100,000 loan from the
Committee of 100 to the West fancily, and the ordinance needed to be amended to
reflect the difference. A copy of the ordinance is as follows:
Iredell County, North Carolina
Amended Capital Project Ordinance
CDBG Water/Sewer Project Fund
Be it Ordained by the Board of County Commissioners of Iredell County, North Carolina:
Section 1. Funds for the Sewer Project of this Capital Project Fund will be provided from the following sources.
Millard Refrigeration $ 160,465
Greater Statesville Dev, Corp. 50,000
Iredell County General Fund 66,575
S 277,040
Section 2. Funds for the Water Tank Project of this Capital Project Fund will be provided from the following sources:
CDBG-ED Grant $
240,000
Rural Center Grant
150,000
Golden Leaf Pass-thru Grant from
the Committee of 100
150,000
USDA Rural Economic
Development Loan - to be repaid by
Energy United Electric
240,000
West Family Commitment 276,000 (reduced by 824.000)
Contingency Commitment from
Project Participants 42310
$1,098,310
Section 3. The following costs to design, engineer and construct the sewer line and lift station are as follows:
Design, Engineering, & Other Costs $ 7,800
Contingency 8.775
General Construction 260,465
S 277,040
Section 4. The following costs to design, engineer and construct the water tank are as follows:
Professional Fees -Engineering,
Surveying, Inspections g 87 310
Grant Administration - (reducer! by $24,000)
Construction of Water Storage Tank
Construction Contingency
961,000
50,000
$1,098,310
Section 5. This Capital Project Fund shall continue until the project is complete.
Section 6. Payments from this Capital Project Fund shall be authorised by the County Manager or his designee.
Section 7. Millard Refrigeration will be billed for its proportionate share of the sewer project construction contract as
each invoice is received from the contractor.
Section 8. Two-thirds of the funds committed by the West family shall be due prior to the Counry's first payment on
the water storage tank construction contract. The balance of the commitment shall be due after all other
project funds have been drawn down and expended.
Section 9. County funds remaining in this Capital Project Fund after completion of the construction project will
be transferred to the Capital Reserve Fund.