R2009-110 AUTHORIZING AN AGREEMENT WITH BAINBRIDGE, GEE, MILANSKI & ASSOCIATES

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� t PUBLIC WORKS MEMORANDUM NO. 2009—53A DATE: July 6,2009 TO: Honorable Mayor McElroy and City Council Members FROM: Ryan P. McCrady, City Manager �� F , ' Richard G. Marley, P.E., Public Works Director � SUBJECT: Correction to Public Works Memorandum No 2009-53. Agreements with Bainbridge, Gee, Milanski& Associates, Inc. for Construction Engineering and Resident Inspection of the City of Decatur South Elevated Water Storage Tank and Booster Pump Station and the Water Distribution Main from the SWTP to the Elevated Tanks, City Projects 06-17 and 03-23 The original memorandum dated June 26, 2009, indicated the ARRA funding process had a 25% loan forgiveness. This amount of the loan forgiveness should have been 50%up to a limit of$5,000,000. The corrections below are noted in bold italics fon� Please substitute the following language found at the bottom of page 3 with the following: IEPA Loan Process,ARRA Funding The Illinois EPA Loan utilizing ARRA funds provides SO%principal forgiveness for projects costing up to $10,000,000 which is equivalent to a grant of$5,000,000. The remaining SO% balance of loans for projects will be provided with a zero percent(0.00%) interest loan with a twenty(20) year repayment term. Should the two water projects cost more than a total of $10,000,000, the balance of the project cost would be funded using a conventional I-EPA low interest loan. 'The IEPA requires a full and complete loan application, which includes: an approved Project Plan accompanied by the appropriate checklist, certifications to assure appropriate financial and managerial capacity, certification that the necessary project site, rights-of-way, easements and permits for construction of the project have been obtained, approved design and bid packages, and various executed legal documents necessary for project implementation. (See table next page.) Page � 1