Title
Incorporated County of Los Alamos Ordinance No. 712, An Ordinance Authorizing the Incorporated County of Los Alamos (County) to Amend Ordinance No's. 687 and 689 for the Purpose of Increasing the Principal Amount of the New Mexico Environment Department (NMED) Clean Water State Revolving Fund (CWSRF) Loan Number CWSRF 083 up to a Maximum Loan Amount of Thirty Million Dollars ($30,000,000.00)
Recommended Action
I move that Council adopt Incorporated County of Los Alamos, New Mexico Ordinance No. 712, An Ordinance authorizing the Utilities Manager to submit a request and necessary documents to the New Mexico Environment Department to increase the loan amount as authorized in County Ordinances 687 and 689, up to a maximum loan amount of Thirty Million Dollars ($30,000,000.00) for the NMED Project CWSRF 083 under the same terms and conditions set forth for the original loan, and forward to the County Council for Approval.
County Manager’s Recommendation
The County Manager recommends that Council adopt Incorporated Los Alamos Ordinance No. 712.
Board Recommendation
This Ordinance was introduced at the October 26th Council Work Session. Department of Public Utilities (DPU) Staff presented this Ordinance to the Board of Public Utilities (BPU) at their regular meeting of October 20th. After careful consideration of the information presented and discussion, the Board voted 5-0 in favor, and recommends that Council approve the motion as presented.
Body
The Clean Water State Revolving Loan #CWSRF 083 was executed on April 12, 2019, to fund the design and construction of the project. The design contract was executed on July 31, 2019, in the amount of $2,199,144 (including NMGRT). The remaining funds in the loan for construction is $14,800,856 (which is the current approved budget for the project.) Upon completion of design in May 2021, the engineer's construction estimate for the project was $16,173,717 (including NMGRT) which when combined with the design c...
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