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PAGE 2 <br />Lakes Course at Sandridge Golf Club Irrigation Project — Award of Bid <br />January 24, 2017 Agenda Item <br />FUNDING <br />For this project, Staff is requesting initial authorization for an interfund loan in a not to exceed <br />amount of $1,246,000 for the Lakes Golf Course Irrigation System Project. As noted <br />previously, this project is estimated to commence on May 1, 2017 (end of peak tourism season) <br />and provides the contractor with 120 days from the commencement date to complete the <br />work. At that time, staff will re-evaluate funds available and determine the final amount of the <br />interfund loan required. Staff anticipates that the interfund loan will be in an amount less than <br />the $1,246,000 bid amount. Staff will then bring back to the Board a separate agenda item with <br />a specific loan amount, term, and interest rate. <br />RECOMMENDATION <br />Staff recommends that the project be awarded to Duininck, Inc., for the Irrigation Project on <br />the Lakes Course at Sandridge Golf Club in the amount of $1,246,000.00 and requests that the <br />Board of County Commissioners approve the attached sample agreement and authorize the <br />Chairman to execute said agreement after receipt and approval of the required Public <br />Construction Bond and certificate of insurance and after the County Attorney has approved the <br />agreement as to form and legal sufficiency. <br />ATTACHMENTS <br />1. Sample Agreement <br />DISTRIBUTION <br />1. Michael C. Zito, Esq., Assistant County Administrator <br />2. Duininck, Inc. <br />APPROVED AGENDA ITEM <br />FOR: February 7, 2017 <br />P114 <br />