HomeMy WebLinkAboutResolutions - 1974.08.22 - 14988/-)
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The following resolution is with reference to THE PONTIAC TOWNSHIP
WATER SUPPLY SYSTEM AND IS TO AMEND EXHIBIT "B" (EST. OF COST AND
EXHIBIT "C" (SCHEDULE OF ANNUAL PRINCIPAL PAYMENTS)
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
its , moves the adoption of the following
Resolution:
August , 1974, at 10:0 6 O'clock. INC , Daylight of
At a regular meeting of the Board of Commissioners of Oakland County ;
Michigan, held in the Commissioner's Auditorium in the County Service Center,
in the City of Pontiac, Michigan, on Thursday the 22nd day
Savings Time.
PRESENT: Berman, Brothertan, Burley, Button, Coy, Douglas, Dunleavy, Gabler, Hobart,
Hoot, Houghton, Kasper, Lennon, Mathews, Hof -Fitt, Montante, Nowak, Olson, Patnales,
Perinoff, Pernick, Quinn, Richardson, Vogt, Walker, Wilcox, (26)
ABSENT: Dearborn, (1)
Miscellaneous Resolution, No, 5791
Recommended by the BOARD OF PUBLIC WORKS
PONTIAC TOWNSHIP WATER SUPPLY SYSTEM
EXTENSION NO, 2
Patnales ..-,atement, revised estimates
and revised schedule of payments menu.i• • the following resolution,
a copy of which has been sent to each of the Board of Commissioners.
Water Supply System pursuant to the Agreement dated as of Februa 1, 1973,
The following resolution was offered by Patnales and supported
Douglas by
RESOLUTION
WHEREAS, Bond Counsel has advised this Board that the bonds to be
issued by the County to finance the Extension :No, 2 to the Pontiac Township
between the County and the Township of Pontiac, cannot be sold at an interest
rate of 7% or less as set forth in the Bond Resolution adopted September 20, 1973,
Miso, Res No. 6432 and
WHEREAS, the Township of Pontiac and the Board of Public Works of the
County of Oakland have approved and recommended the adoption of Revised
Exhibit "B" and Revised Exhibit "C" to said Agreement so that. the increased
project cost can be defrayed and so that such bonds can be issued at a rate ef
interest not to exceed 8% per annum,
THEREFORE, BE IT RESOLVED, by the Board of Commissioners of Oakland
County, Michigan, that the Revised Exhibit '3' and Revised Exhibit "C" to the
Agreement, dated February 1, 1973 pertaining to the Pontiac Township Water
Supply System Extension No, 2 be approved and adopted and that the Bond Resolu-
tion adopted September 20, 1973, Miscellaneous Resolution No. 6432, authorizing
the issuance of $850,000 of Oakland County Water Supply Bonds - Pontiac Town-
ship System Extension No. 2 be amended so that such bonds can be issued at a
rate of interest not to exceed 8% per annum.
BE IT FURTHER RESOLVED, that the Official Notice of Sale for $850,000
Oakland County Water Supply Bonds Pontiac Township Extension No, 2 heretofore
adopted by the Board of Public Works be amended to provide that said bonds shall
be issued at a rate of interest not to exceed 8% per annum,
DEPA TMENT OF PU CLIC WO KS
OAKLAND COUNTY
BOARD OF PUBLIC WORKS
ALEXANDER C. PERINOFF, GRAMMAR
ROBERT F. PAT-NIMES, cE-CHAIRmaz:
MARY M. DEARBORN, SEcRETATty
GEORGE W. KUHN, MENITIER
BERNARD F. LENNON, MEMBER
E. FRANK RICHARDSON, MEMBER
RICHARD R. WILCOX, MMIRDED
NO. 1 PUBLIC WORKS DRIVE
PONTIAC. MICHIGAN 48054
PHONE:
ADMINISTRATION AND CONSTRUCTION 858-1075
WATER AND SEWER OPERATIONS 858-111I)
R. J. ALEXANDER
DIRECTOR
DONALD W. RINGLER
DEIM.PrZ DTRECTOE
RICHARD L. CASTLE
CRIEF BNOINEER
GORDON IL wyLug
As.r. CIVIL comvsgx,
Statement
Re: Pontiac Township Water Supply System, Extension No, 2
On September 20, 1973 the Oakland County Board of Commissioners
by Miscellaneous Resolution No. 6430 approved the contract between the
Township of Pontiac and Oakland County for the above project, which con-
tract included an estimate of cost prepared by the consulting engineers and
dated August 13, 1973. Said estimate indicated a construction cost of
$596,300.00 and a total project cost of $850,000.00.
Construction bids were received by the Board of Public Works on
July 30, 1974. The total of such bids, including bids previously received
by Pontiac Township for certain "advanced construction" was $716,416.00,
which results in a total project cost of $988,000.00. 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 a substantial
increase in labor and particularily material costs during the past 12 months.
Therefore, it is necessary to amend the estimate of cost to reflect a
cash contribution by Pontiac Township in order to provide sufficient funds
to finance the project.
R. J. Alexander, Director
Oakland County Department
of Public Works
Sub-Total
Capitalized Interest on $850,000 bond issue .
Engineering
Administration . .
Inspection
Legal — —
Financial • 6 0 • .0 0 ea ass ea Oa one
sae
O 00e 0 •
0.0 0‘ Oat 00 00 di a a
Soil Borings
Easement Acquisition —
Contingencies .
• 1,11000.04, a 0 as so o
O 0.00000
000
CO00000•••
00 00
9 aO0d,C0 000C*CC O C*0
ORCHARD, PAPKE, HILTZ ENT, INC. MC
REVISED EXHIBIT "B" 7/3 1/74
PONTIAC TOWNSHIP WATER SUPPLY SYSTEM
EXTENSION NO. 2
ESTIMATE OF COST
(Based on Construction Bids)
L.F.
L.F.
L.F.
L.F.
Ea.
Ea.
Ea.
Ea.
Ea.
Ea.
Ea.
Ea.
Ea.
16" Water main - 6,295
12" Water main - 14,132
Water main - 5,427
6" Water main - 1,288
16" Gate valve & Well - 5
12" Gate valve & Well 16
8" Gate valve & Well 10
6" Gate valve & Well 1
12" x 12" T.S. Valve & Well - 1
12" x 8" T.S. Valve & Well - 1
8" x 6" T.S. Valve & Well - 1
Standard Hydrants - 55
Blow-off 1
Advanced Construction
Acquisition of Pressure Reducing Structure
Sub-Total
- $ 26.50
21.50
15.00
13.50
2,450.00
1,300.00
900.00
- 850.00
2,500.00
2,250.00
2,000.00
- 950.00
900.00
O 000600
$166,817.50
303,838.00
81,405.00
17,388.00
12,250.00
20,800.00
9,000.00
850.00
2,500.00
2,250.00
2,000.00
52,250.00
900.00
28,167.50
16,000.00
$716,41 6 .0 0
$ 65,000.00
18,000.00
25,000.00
6,500.00
4,700.00
1,000.00
24,000.00
59,394.00
$920,000.00
68,000.00
= $988,000.00
= (-) 138,000.00
= $850,000.00
TOTAL PROJECT COST
Less cash contribution by Pontiac Township
TOTAL BOND ISSUE
I hereby estimate the period of usefulness of this facility to be
Forty (40) years and upwards.
PONTIAC TOWNSHIP WATER SUPPLY SYSTEM
EXTENSION NO. 2
Schedule of Annual Principal Payments
Principal Payments
Year May I
1974
1975
1976
1977
1978 $ 15,000
1979 15,000
1980 15,000
1981 15,000
1982 15,000
1983 15,000
1984 15,000
1985 15,000
1986 15,000
1987 15,000
1988 20,000
1989 20,000
1990 60,000
1991 60,000
1992 60,000
1993 60,000
1994 60,000
1995 60,000
1996 60,000
1997 60,000
1998 60,000
• 1999 60,000
2000 60,000
Total $850,000
In addition to the foregoing payments, representing the
amount of County bonds issued and the maturities thereof, the
Township will pay to the County the sum of $138,000.00
Revised EXHIBIT "C"
8-5-74
PUBLIC WORK5 COMMIT,T,E11---) /) I
By
Chairman
ADOPTED: Yeas — Olson, Patnales, Perinoff, Pernick, Quinn, Richardson, Vogt, Walker
Wilcox, Berman, Brotherton, Burley, Button, Coy, Douglas, Dunleavy, Gabler,
Hobart, Hoot, Houghten, Kasper, Lennon, Mathews, Moffitt, Montante, Nowak
(26)
Nays — None. (0)
, STATE OF MICHIGAN )
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
22nd day of August , 1974, the original of which is on file
in my office.
SS:
Count - Clerk
Dated: August 22 , 1974.