HomeMy WebLinkAboutBPW-02-22-77 Util ExtensionsRESOLUTION OF BOARD OF
PUBLIC WORKS AND SAFETY
WHEREAS, this Board has heretofore received bids on the
proposed waterworks extensions and additions which have been
under consideration for some time, and on the basis of the low-
est and best bids received and estimates of other expenses made
by the consulting engineers, and accountants, the total cost of
said extensions and additions, including all incidental expenses
to be incurred in connection therewith, has been determined to
be $733,411, itemized as follows:
Construction Costs Per Bids
Dlvlslbn A - Transmission Main
- Storage Tank
Division B - Well
Total
$ 59,890.00
472,382.00
61,877.00
$594,149.00
Construction Contingencies
Engineering - Design and Engineering
Inspection
Total
$ 29,710.00
53,471.00
$709,330.00
Other Project Costs
P.S.C.I. Service Fees
P.'S.C.I. Statutory Fees
Accounting
Bond Counsel
Bond Prospectus
Printing and Publishing
Total
$ 3,000.00
1,300.00
7,500.00
4,000.00
5,200.00
3,081.00
$ 24,081.00
Total Project Costs
$733,411.00
and
WHEREAS, the City has the sum of $213,411 of funds on
hand in its waterworks utility funds to apply on the costs of
the project; and
WHEREAS, in order to finance the balance of the costs of
said extensions and additions it will be necessary to issue
revenue bonds in the amount of $520,000, payable out of the
revenues of the municipally owned waterworks system; and
WHEREAS, there have been prepared for consideration by
which ordinance has been duly considered by this Board and
found satisfactory; and
WHEREAS, the bids f~r the construction of said exten-
sions and additions have been accepted subject to authorization
by the Common Council for the issuance of the required amount
of revenue bonds, and further subject to approval of the Public
Service Commission for the issuance of said bonds, making it
necessary that prompt action be taken; now therefore,
BE IT RESOLVED BY THE BOARD OF PUBLIC WORKS AND SAFETY
OF THE CITY OF CARMEL, INDIANA:
1. That this Board request the Common Council of the
City of Carmel to authorize the issuance of waterworks revenue
bonds in the amount of $520,000 on ~he terms and conditions set
out in the form of bond ordinance presented at this meeting.
2. That the offi'cers of the Board be and they are
hereby directed to cause a copy of this resolution and copies
of said bond ordinance to be presented to the Common Council as
soon as may be done.
3. That in the event the Council shall authorize the
issuance of said revenue bonds and said increase in water rates,
then a petition shall be filed with the Public Service Commis-
sion of Indiana requesting approval for the issuance of said
bonds and for putting into effect the new schedule of water
rates and charges.
Adopted this
Board of Public Works and Safety