Minutes 03/13/1984 - Laserfiche WebLink

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2~ TUESDAY MARCH 13, 1984 2. The City will purchase 1 MGD capacity in the Authority's Upper Smith River Wastewater Treatment Plant at a cost of $636,482.00 (or 12.5% __ 1 MGD of 8 MGD -- of the local historical cost of the PSA's existing facility) . 3. The Authority will design and construct facilities required to expand the Authority's Upper Smith River Wastewater Treatment Plant from, 4 MGD capacity to 8 MGD capacity, with the City to pay $142,263.00 (or 12.5% -- 1 MGD of 8 MGD of the expansion cost). - 4. The total cost to the City, as described in items 1, 2 and 3 above, is estimated to be $1,164,845.00, subject to adjustments upon Com- pletion of ongoing contract negotiations and upon receipt of con- struction bids. 5. After the improvements set forth above become operational, the City will pay to the Authority the City's pro-rata share of the operation and maintenance costs related to the diversion facilities and treat- ment plant. Mr. Edmonds further pointed out, in said proposed letter, that the current City/Authority agreement (dated January, 1974) must be amended or a new agreement executed to address fully all terms and conditions of cost-sharing and operation of the improvements in question, prior to actual construction of the facilities. Mr. Edmonds then presented to Council certain information portraying the financial conditions of the City's Sewer Bond Fund and operating Sewer Fund, suggesting that the current deficit of $939,312.00 in the Sewer Bond Fund (which has no outstanding bonded indebtedness) be eliminated by transferring from the operating Sewer Fund a like amount, with the result that the - regular Sewer Fund (after this transfer) will show some $369,699.00 surplus at July 1, 1984; and, on the basis of the Sewer Fund's proposed 1984-85 budget, the regular Sewer Fund will have a surplus of $578,428.00 at June 30, 1985. Mr. Edmonds also presented estimated capital requirements of the City for the following two methods toward meeting the City's sewage treatment needs: A. Diversion of 1 MGD from the City's Jones Creek Interceptor to the PSA's "Koehler" treatment plant and the "buy-in", as outlined in Mr. Edmond's proposed letter, plus the cost of odor-control and other improvements at the City's sewage treatment plant (City's net cost). . .$2,101,645.