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Monday, March 19, 2012

Franklin Aldermen 03-19-2012

Franklin Townhall
by Bobby Coggins

Franklin Aldermen Agenda 03-19-2012

The Franklin Town Board of aldermen met briefly this afternoon to pass a resolution accepting a loan offer of $5,350,300 and an ordinance adopting a capital project fund for the capital improvements at the Wastewater treatment plant, Phase II.

The amounts appropriated for the project are as follows:

Line Item $ Amount
Construction $5,496,000
Contingency $274,800
Preliminary Engineering & Design $382,800
Construction Administration $166,700
Legal $30,000
Loan Closing Fee $107,006
TOTAL $6,457,306

The following revenues are anticipated to be available to complete this project:

Revenue Source Amount
State Revolving Fund $5,350,300
Rural Center Grant $1,000,000
Local Funds $107,000
TOTAL $6,457,306

The Aldermen will be meeting at the Town Hall on Saturday at 8:30am until 11:00am for a retreat to discuss plans for the coming year. I will not be attending this meeting.

The next regular meeting of the Franklin Aldermen is on April 2, 2012.

Note: Barbara McRae, representing the Franklin Press and myself, representing this blog, were the only people present in the audience for this meeting.

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