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IEPA Approves Bids and Authorizes Final Award November, 2016 <br /> Notice to Proceed is Issued to the Contractor November, 2016 <br /> Project Completion Summer 2018 <br /> BUDGET/TIME IMPLICATIONS: <br /> Budget Impact: The proposed authorizations are for the following expenditures all of which are to be <br /> reimbursed by the Water Pollution Control Loan Program: <br /> 1. The proposed loan agreement authorizes the City to borrow up to $15,296,160 from the Water <br /> Pollution Control Loan Program. If the loan is for the full amount shown, the repayment will <br /> be approximately $158,800 per year, paid semiannually over the 20 year life of the loan. The <br /> loan repayment was anticipated in the Sewer User Fee increase that was approved by the City <br /> Council in 2011. <br /> 2. The Engineering Services Agreement between the City and BGM to provide construction <br /> engineering and resident inspection services for the rehabilitation of the 7th Ward Sewer is for a <br /> fee not to exceed $944,000. This fee will be reimbursed through the loan. <br /> All expenditures and the loan repayment are to be through the Sewer Fund and are included in the <br /> proposed budget, and paid from current sewer user fees. <br /> Staffing Impact: Staff time is allocated to manage and review the design of the 7th Ward Sewer. <br /> This memorandum was prepared by Matthew C. Newell, P.E., City Engineer. <br /> Attach: 5 <br /> Cc: Bainbridge, Gee, Milanski & Associates, Inc. <br /> Page � 5 <br />