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Home My WebLink AboutResolutions - 1974.09.05 - 10470.• • • s • its , moves the adoption of the following Chairman The following resolution is with reference to THE TROY WATER SUPPLY SYSTEM AND IS TO APPROVE AMENDED EXHIBIT "B" AND EXHIBIT "C'. and since a copy of the resolution has, prior to this meeting been mailed to all members of this Board I respectfully request that reading of same be waived. The Public Works Committee, by Mr. Patnales Resolution: P • Telegraph Road, Pontiac, Michigan, on the 5th day of September presented the statement, revised estimates Mr. Patnales • • At a regular meeting of the Board of Commissioners of Oakland County, Michigan, held in the Board of Commissioners Auditorium Building, Oakland County Service Center, 1200 North 1974, at 9:55 o'clock A.M., Eastern Daylight Time. PRESENT: Berman, Burley, Button, Coy, Dearborn, Douglas, Dunleavy, Gabler, Hobart, Hoot, Houghten, Kasper, Lennon, Mathews, Montante, Olson, Patnales, Perinoff, Pernick, Quinn, Walker, Wilcox. (22) ABSENT: Brotherton, Moffitt, Nowak, Richardson, Vogt. (5) Miscellaneous Resolution No. 6803 Recommended by Board of Public Works Re: TROY WATER SUPPLY SYSTEM and revised schedule of payments mentioned in the following resolu- tion, a copy of which has been sent to each member of the Board of Commissioners. • • • Patnales The following resolution was offered by Mr. WHEREAS, the Oakland County Board of Public Works has approved and adopted, and has submitted to this Board of Commis- sioners for its approval, statements of the reasons for increased costs in the acquisition by the County of the Troy Water Supply System to serve the City of Troy, together with revised estimates of the cost (which estimates are to be attached as Revised Exhibit "B" to the Contract of February 1, 1973), all prepared by Hubbell, Roth & Clark, Inc., consulting engi WHEREAS, the Board of Public Works has also approved and submitted to this Board of Commissioners for its approval, a pro- posed revised Exhibit "C", schedule of payments, to be attached to the said Contract between the County of Oakland and the City of Troy dated February 1, 1973, relative to the acquisition and financ- ing of said Troy Water Supply System; and WHEREAS, the City Commission of said City has approved the said revised exhibits and has asked that the County finance said increased costs by the issuance of additional bonds as provided in the Contract. THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF OAKLAND COUNTY, MICHIGAN, as follows: 1. That said statement and said revised estimates and revised schedule of payments be and the same are hereby approved, that the County Clerk shall endorse thereon the fact of such approval, and that the same shall be returned to the Board of Public Works to be attached to the said Contract between the County of Oakland and the City of Troy, dated February 1, 1973, in as many original copies as they may deem advisable, the said revised exhibits being as follows: neers; and DEPA BOARD or PUBLIC WORKS ALEXANDER C. FERINOFF, CHArnmAlc ROBERT F. FATNALES, VIcE-CHAlammc DIARY M. DEARBORN, SECRETARY GEORGE W. KUHN. MEMBER BERNARD F. LENNON, Manumit E. FRANK RICHARDSON, MEMBER RICHARD R. WILCOX, Mmanzu KS R. J. ALEXANDER DERICYOR DONALD W. RINOLER DEPUTY PERECTOB RICHARD L. CASTLE mums CiroINEER GORDON R. 'WYLLIE 01-v1L COUNSEL 14 • °-*.?'' 411 OAKLAND COUNTY TMENT OF PUBLIC WO NO. 1 PUBLIC WORKS DRIVE PONTIAC. MICHIGAN 4€O4 PHONE, ADMINISTRATION AND CONSTRUCTION 858.1075 WATER AND SEWER OPERATIONS 858-1110 Statement Re: Troy Water Supply System On March 15, 1973 the Oakland County Board of Commissioners by Miscellaneous Resolution No. 6249 approved the contract between the City of Troy and Oakland County for the above project, which contract included an estimate of cost prepared by the consulting engineers and dated February 15, 1973. Said estimate indicated a construction cost of $7,387,600.00 and a total project cost of $9,750,000.00. Construction bids were received by the Board of Public Works on July 1, 1974. The total of such bids, including bids previously received by the City of Tray for certain "advanced construction", was $11,048,116.87, which results in a total project cost of $13,600,000.00. An analysis of the bids by the consulting engineers and the Department of Public Works staff reveals that sufficient competitive bids were received and that the primary reason for the bids exceeding the estimate of cost is due to the substantial Increase in labor and particularily material costs during the past 16 months. Therefore, it is necessary that additional county bonds be issued to finance the Troy Water Supply System. R. J. Alexander, Director Oakland County Department Of Public Works Contract No. 1 Contract No. 2 Contract No. 3 Contract No. 4 Contract No. 5 Contract No. 6 Contract No. 7 Contract No. 8 Contract No. 9 Contract No, 10 Advanced Construction REVISED OCHIBIT "B" 7/31/7 4 • TROY WATER SUPPLY SYSTEM ESTIMATE OF COST (Based on bids received) Sara Excavating Co. Ric-Man Construction, Inc. Troelsen Excavating Co. Ric-Man Construction, Inc. Ric-Man Construction, Inc. Ric-Man Construction, Inc. Ric-Man Construction, Inc. Ric-Man Construction, Inc. Ric-Man Construction, Inc. I. F. Sadler, Inc. $ 627,213.55 1,116,806.82 791,976.20 1,031,259.20 997,989.70 1,055,442.77 1,253,068.15 951,574.73 2,073,329.75 612,098.00 537,358.00 Sub-Total = $11,048,116.87 Engineering ---. $ 712,000.00 Administration . 220,000.00 Inspection = 385,000.00 Legal = 35,250.00 Financial . 14,537.00 Soil Borings . 8,625.00 Easement Acquisition = 375,000.00 Contingencies = 460,221.13 Sub-Total = $13,258,750.00 Capitalized interest @ 7% for 6 months on existing $9,750,000.00 Bond Issue = 341,250.00 Total Project Cost = $13,600,000.00 Less cash contribution by City of Troy . . . 959,268.00 Less earned income on investments 390,732.00 Less bonds issued, First Series = 9,750,000.00 Proposed bond issue, Second Series . . . = 2,500,000.00 I hereby estimate the period of usefulness of this facility to be Forty (40) years and upwards. HUBBELL, ROTH AND CLAP, INC. TROY WATER SUPPLY SYSTEM Schedule of Annual Principal Payments First Series Principal Payments November I 1974 $ 125,000 1975 125,000 1976 150,000 1977 150,000 1978 150,000 1979 175,000 1980 175,000 • 1981 175,000 1982 200,000 1983 200,000 1984 225,000 1985 225,000 1986 250,000 1987 275,000 1988 275,000 1989 300,000 1990 325,000 1991 350,000 1992 350,000 1993 375,000 1994 400,000 1995 425,000 1996 450,000 1997 475,000 1998 500,000 1999 550,000 2000 575,000 2001 600,000 2002 600,000 2003 600,000 Second Series Principal Payments November I 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 75,000 75,000 75,000 75,000 100,000 100,000 125,000 125,000 150,000 150,000 175,000 175,000 200,000 200,000 200,000 Year Total $9,750,000 $2,500,000 REVISED EXHIBIT "C" 7/31/74 PUB" y s co ‘Tar I ' Chairman By FE • • _c, It was moved by Mr. Patnales , seconded by Mr. Houghten , that the foregoing resolution be adopted. Upon roll call the vote was as follows: YEAS: Berman, Burley, Button, Coy, Dearborn, Douglas, Dunleavy, Gabler, Hobart, Hoot, Houghten, Kasper, Lennon, Mathews, Montante, Olson, Patnales, Perinoff, Pernick, Quinn, Walker, Wilcox. (22) NAYS: None. (0) County Clerk STATE OF MICHIGAN ) ss: COUNTY OF OAKLAND ) 1, the undersigned, the duly qualified and acting County Clerk and Clerk of the Board of Commissioners of the County of Oakland, do hereby certify that the foregoing is a true and complete copy of a resolution adopted by vote of its members elect at the meeting (which was a part of the regular June session) of the Board of Commissioners of the County of Oakland held on the 5th day Of September 1974, the original of which is on file in my office. Dated: September 5 , 1974.