HomeMy Public PortalAbout100_040__Agenda Request - 2 Separate GEFA Loan Applications - Water Line Replacement and UV Disinfection.pdfMAYOR Jason Buelterman
CITY COUNCIL Barry Brown, Mayor Pro Tem Wanda Doyle
Bill Garbett Julie Livingston
John Major Monty Parks
CITY OF TYBEE ISLAND
CITY MANAGER Diane Schleicher
CLERK OF COUNCIL Janet LeViner
CITY ATTORNEY Edward M. Hughes
P.O. Box 2749 – 403 Butler Avenue, Tybee Island, Georgia 31328-2749 (866) 786-4573 – FAX (866) 786-5737
www.cityoftybee.org
City Council Agenda Item Request
Agenda Item Requests and supporting documentation must be submitted to the Clerk of Council by 4:00PM on the Thursday prior to the next scheduled Council meeting. If this form is received after the deadline, the item will be listed on the next scheduled agenda.
Council Meeting Date for Request: 10.27.16
Item: Two Separate GEFA Loan Applications - Water Line Replacement and UV Disinfection – Total loans are
for 1,997,000.00 – 1.232,000 for the water portion at a 1.39% rate with the Water First designation and
$720,000 for the UV Projection at a .89% rate with Water First designation. Water project consists of a second
phase of water line replacement, replacing old asbestos-cement and lead-jointed pipes with new C-900 PVC
pipe. Second project is a sewer project and the City intends to replace its aging UV disinfection system at the
WWTF.
After discussing potential funding options with GEFA, they have recommended that we split the Phase 2 water
line replacement and the UV disinfection repair projects into two separate loans.
Explanation: Since the water line replacement project has a short timeline to meet the GaDOT resurfacing schedule for the spring, we will continue with the Georgia Fund financing for that project (which has less regulatory red tape involved and allows for quicker funding). It is planned that construction will start by the
first of the year on this project with the US 80 portion of the project completed by March to meet the road
resurfacing schedule. The UV project, which while still critical can take the extra time for the funding cycle,
will utilize Clean Water SRF funds. This will reduce the interest rate to 0.89% (a 0.5% reduction) and save approximately $40,000 in interest payments. Construction will likely begin in second quarter 2017. .
Budget Line Item Number (if applicable): TBD – revenue and expense lines will be established
Paper Work: __X__ Attached*
______ Audio/Video Presentation**
Submitted by: Diane D, Schleicher
Phone / Email: dsch@cityoftybee.org