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,JAN 2 1988 <br />D. Budget Amendment - Gifford Sewer Project <br />BOOK 70 ,°A E 664 <br />The Board reviewed the following memo dated 1/18/88: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: January 18, 1988 <br />SUBJECT: BUDGET AMENDMENT 019 - <br />GIFFORD SEWER PROJECT <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION OF CONDITIONS <br />Indian River County recently issued a Bond Anticipation Note in the <br />amount of $9,200,000 for the Gifford Sewer Project. The following is a <br />breakdown of the estimated project costs over a three year construction <br />period. <br />GIFFORD SEWER PROJECT <br />Source of Funds: <br />Principal amount of notes (bond issue) <br />Accrued Interest Earnings <br />Other Funds <br />TOTAL SOURCES OF FUNDS <br />Uses: <br />Issuance Cost <br />Underwriters Discount <br />Other Issuance Expenses <br />Construction Costs <br />Contract No. 1 <br />Contract No. 2 <br />Contract No. 3 <br />Contract No. 4 <br />Engineering: <br />- Specialty Maint.&Const. Inc. <br />- A.O.B. Underground, Inc. <br />- Douglas N. Higgins, Inc. <br />- Estimate (not awarded) <br />Preliminary Study - Masteller and Moler <br />Design - Masteller and Moler <br />Inspection Fees - Masteller and Moler <br />Additional Services - Masteller and Moler <br />Administrative Expenses (estimate) <br />Interest during construction <br />Contingency <br />TOTAL USES OF FUNDS <br />6 <br />$ 9,200,000 <br />619,859 <br />545,188 <br />$10,365,047 <br />75,900 <br />56,000 $ <br />131,900 <br />1,817,000 <br />257,626 <br />5,261,430 <br />75,000 $ 7,411,056 <br />10,000 <br />419,569 <br />156,450 <br />150,000 <br />$ 736,019 <br />$ 50,000 <br />1,733,434 <br />302,638 <br />$10,365,047 <br />