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R94-28 AUTHORIZING INTER-GOVERNMENTAL COOPERATION AGREEMENT WITH SANITARY DISTRICT OF DECATUR
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R94-28 AUTHORIZING INTER-GOVERNMENTAL COOPERATION AGREEMENT WITH SANITARY DISTRICT OF DECATUR
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7/14/2016 10:37:29 AM
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Resolution/Ordinance
Res Ord Num
R94-28
Res Ord Title
AUTHORIZING INTER-GOVERNMENTAL COOPERATION AGREEMENT WITH SANITARY DISTRICT OF DECATUR
Approved Date
3/7/1994
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� • ' . <br /> ' Intergovernmental Cooperation Agreement <br /> West Mound Road Tnuik Sewer E�ctension <br /> ' <br /> � 4) ESTIMATED PROJECT COST <br /> The following itemized list of Project Costs is included as a guide parameter: <br /> � a) Facility Plan Revision $ 4,500.00 <br /> ' b) West Mound Road Trunk Sewer Extension $165,000.00 <br /> Cost with contingency <br /> c) Design of West Mound Road Trunk Sewer $ 19,200.00 <br /> � Extension <br /> d) Construction supervision of the West Mound $ 22,404.04 <br /> � Road Tnuik Sewer Extension <br /> e) Legal $ 3,400.OQ <br /> � fl Right-of-Way&Right-of-Way Agent $ 20,000.00 <br /> Estimated ProJect Cost $234,1QQ.Od <br />� ' <br />, 5) FUNDING AND REPAYMENT <br /> ' This project will be funded by a loan from the State of Illinois Water Pollution Control <br /> Revolving Fund(WPCRF)to the DISTRICT. <br /> � The loan will be repaid by the DISTRICT in accordance with the State Loan <br /> � Requirements. <br /> The loan will be for a teim of twenty(20)years at 3.015%simple interest on the unpaid <br /> ' principal balance. Principal and interest will be payable in semi-annual installments beginning <br /> three(3)months after the DISTRICT has accepted the construction project as complete. The <br /> ' CTI'Y agrees to pay to the DISTRICT the above menfiioned loan repayment sum within fifteen(15) <br /> , days after invoice until all sums are paid in full. <br /> � <br /> ' <br /> � 3 <br />
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