HomeMy WebLinkAboutBPW-07-19-82 Improve Sewers RESOLUTION
OF
BOARD OF PUBLIC WORKS
CITY OF CARMEL, INDIANA
WHERKAS, the Board of Public Works of the City of Carmel
has heretofore found that it is necessary for the City
finance and construct improvements to the sewage works of the
City; and
WHEREAS, the Board has heretofore employed Howard Needles
Tammen & Bergendoff, consulting engineers of Indianapolis,
Indiana, to prePare plans, specifications and estimates for said
sewage works project, and said engineers have prepared said
plans~and specifications for said project and, based upon con-
struction bids received and estimates of other costs, have
estimated the project costs to be in the amount of Six Million
One Hundred Eighty-two Thousand Seven Hundred Seventy Dollars
($6,182,770), more particularl~ itemized as follows:
Project Costs:
Construction bids $5,561,411
Construction contingencies 266,842
Architectural engineering
- basic 151,143
- other 48,733
Project inspection 93,124
Legal fees (including
bond counsel) 20,800
Accounting 20,600
Financial advisory 9,650
Administration 10,467
Total estimated _
project cost $6,182,770
and i~
WHEREAS, the Board finds that federal and state grants have
been made to the City for application on said project in the
approximate amount of Five Million One Hundred Eighteen Thousand
Nine Hundred Fifteen Dollars ($5,118,915), and that the City has
project, leaving a balance of Eight Hundred Forty Thousand
Dollars ($840,000) to be financed by the City by the issuance
of sewage works revenue bonds; and
WHEREAS, the Board finds that on the basis of the esti-
mated cost of the project and the recommendations of the engi-
neers and H. J. Umbaugh & Associates, the City's Financial
Consultant, an increase in the schedule of rates and charges
for sewage treatment service will be required; and
WHEREAS, the City is authorized by I.C. 36-9-23 to issue
revenue bonds to obtain funds to apply on the cost of improve-
ments to the sewage works, which bonds under sad act are pay-
able solely from the revenues of said sewage works; and the
Board of Public Works and Safety now finds that the cost of
said sewage works project, over and above available grant funds
should be financed by the issuance of revenue bonds issued pur-
suant to said Act; now therefore,
BE IT RESOLUED by the Board of Public Works and Safety of
the City of Carmel that the plans, specifications and estimates
heretofore prepared and filed by Howard Needles Tammen & Bergen-
doff be and the same are hereby approved.
FURTHER RESOLVED that the Common Council of the City of
Carmel'be requested to authorize the issuance of sewage works
revenue bonds in the amount of Eight Hundred Forty Thousand
Dollars ($840,000) for the purpose of procuring funds to be
applied on the cost of improvements to the sewage works of the
City; and that the Common Council be further requested to
authorize an increase in the rates and charges for the services
rendered by the sewage works, all as recommended by the City's
Consultants; that a copy of this resolution be filed with the
Adopted this ~d
ay of July, 1982.
~'~ fet
Board ~6f Public works and Sa y
City of Carmel