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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