Franklin Aldermen 03-19-2012

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.