HomeMy Public PortalAboutResolution 06-92 Regarding the McCall city water system; amending resolution 20-91 to include actual project costs RESOLUTION 6-92
A RESOLUTION REGARDING THE MCCALL CITY WATER
SYSTEM; AMENDING RESOLUTION 20-91 TO INCLUDE
ACTUAL PROJECT COSTS .
WHEREAS, Resolution 20-91 passed and approved by the McCall
City Council on October 10, 1991 , approved a certain
promissory note in an amount equal to the total
estimated costs of certain water improvement projects .
WHEREAS, the projects have been completed, the actual
project costs are now known and the Mayor and Council
wish to amend Resolution 20-91 to reflect the actual
amount and terms .
NOW, THEREFORE, Be it resolved by the City Council of the
City of McCall, Idaho, as follows :
Section 1 : That finding 6 of Resolution 20-91 be and
the same is hereby amended to read as follows :
6 . Upon competitive bidding under the provisions of
Section 50-341 , Idaho Code, the lowest and best bid for the
above main replacements was submitted by Brown Construction
Company of Caldwell, Idaho, in the amount of $354 , 588 . 00
and an additional sum of $55 , 247 . 00 is required for
engineering services and other cost, making a total project
costs of $409 , 835 . 00 The actual project costs upon
completion of the project were determined to be
$330 , 978 . 29 .
Section 2 : That finding 8 of Resolution 20-91 be and
the same is hereby amended to read as follows :
8 . West One Bank, Idaho, N.A. , has offered to
finance the replacement of such mains and engineering and
related cost on an amortized bsasis over a s-even ( 7 ) Five
( 5 ) year `: term bearing interest at 7 . 20% per annum,
according. to the terms of that certain promissory note
annexed ,hereto as Exhibit I and by reference incorporated
herein.
Dated this 17 ''day of January 1992 .
Vr df
ATTEST Mayor
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Clerk /