04-22-93-2.9 - Resolution - 04/22/1993,~;;?~.-.?~ RESOLUT'rON DECLARTN(9 TNTENTION TO RE'rMBURSE CERTATN EXPENDTTURES' '"
.;;,~
,;~! RESOLUTION NO. 4-22-93-2.9
'~'-?..' WHEREAS, the City of College Station, Texas (the "Issuer")
{.~-.~-~-r ......
¢:':...:desires to pay for capital expenditures in connection with the~,
,~.::.~', design, planning, acquisition, construction, equipping, and/or
,:~,,,~.; renovating the project or facilities described in Exhibit A
'"-':~. attached hereto (the "Project") i
'~'~"i'
.~'~--~i WHERE, AS, Article 717,,k-6, Vernon's Texas Civil Statutes, as
amended ( Article 717k-6 ), permits the Issuer to use the
(~~proceeds of bonds to reimburse the Issuer for costs attributable
to the Project paid or incurred before the date of issuance of~_-3.~A
<:.~__ the bonds; and
,,,,f,,~:,~
WHEREAS, the Issuer finds, considers, and declares that the
Z;..---,. _ reimbursement of the Issuer for the payment of such capital~
expenditures will be appropriate and consistent with the
,,,,,,....~j objectives of the Issuer's progr~s and, as such, chooses to
._~. declare its intention, in accordance with the provisions of
/
~.~ ' Section 1.103-18 of the Treasury Regulations, to rei~urse itself ~ for such payments at such time as it issues obligations
,, ~, finance the Project.
NOW, TBE~FO~, BE ~T ~SOLVED ~Y THE C~TY OF COLLEGE~
~.~k%.~ STATION, TEXAS THAT:
/'~ Section 1. This Resolution declares the intention of the
~.~'~'~-Issuer to rei~urse the expenditures for the Project with the~
'~>~, proceeds of a borrowing. The Issuer presently intends to
.,~{ rei~urse the expenditure by incurring debt the interest on which~'~
f-~ ~--is excludable from gross income under section 103 of the Internal~"~'.".
~'(Q~T3-~ Revenue Code of 1986, as amended.
~
,:,'...~t Section 2 The Issuer reasonably expects to incur debt, in
-
Wl~3~:one or more series of obligations, with an aggregate minimum~mt..
(,. -' principal amount now estimated to be equal to $3,750,000 for the
· ~.._~: purpose of paying the costs of the Project. A portion of the
';~,~...~ proceeds received by the Issuer ~n an amount estimated not
·
..,:,;.~
.,,~'m h ~easu~y Regulations and evidences i~s in~en~ions undes,~
'~.~As~iele 717k-6. ?he Issues has no funds os sousee o~
.....-~ Issue~ has, o~ ~easonably ex,eeLs to be ~esesved, allocated on a,~'~
.,,~'~
,-.., o~he~ ~inaneiel ~olleies with Ees~eoL Lo the expenditures Lo be~',,
Section 4. All costs to be rei~ursed pursuant hereto will ~--
be capital expenditures within the meaning of Section 1.103-~
28 (c) ( 2 ) ( iii ) of the Treasury Regulations. None of the
'(?.~(~expenditures to be rei~ursed pursuant to this Resolution have
~ been allocated to expenditures entered on the books and records
~:'.,
of the Issuer earlier than the date on which such expenditures~..
are paid. Moreover, no debt obligations will be issued by the,~
Issuer in furtherance of this Resolution after a date which is
later than one year after the later of (1) the date the ~
~'~ expenditures are paid or (2) the date on which the property, with
servicerespect, to which such expenditures were made, is placed
· ~ %,,,.
Section 5. The issuer declares that this Resolution will be
~F;~'.maintained as a public record available for inspection by all~-,
~ persons in accordance with the provisions of Article 6252-17a, ~
,,,,~ Vernon's Texas Civil Statutes and that no later than 30 days ~l:,,
,,,',~: ~" ,,.
..~ after this date, this Resolution will be made available for
~-inspection by all me, ers of the general public at the offices
,~..~, the Issuer. ~.
.,,,~ '~':~.
,,l~ Section 6. This Resolution shall be liberally construed to,. -.
<.Fevidencethe intent of the to with
Issuer
comply
state
and [~Ni~>
· '"-:'?: federal income tax law in the issuance of tax exempt obligations .....
~j-.
.',$,~ for the Project.
I~ ::::
.4.
f~.- PASSED AND APPROVED THIS 22nd DAY OF A~ril ,- ~.,.}
..~ 1993 ..... .
,~' ~--.
"ill. ~ ~,,,"
EXHIBIT A
Summary of Bids Received on March 12, 1993
Carter's Grove Street Rehabilitation Project
City of College Station Job Nos. ST-1016, VV'1'-9202, SS-9202
Esmond Engineering, Inc.
Palasota Young Bros
Total Unit Total Unit Total
Item Description Quantity Unit Price Amount Price Amount
I Mobilization LS 72,600.00 32,000.00
2 Remove/Dispose Existing Con( 19,656 SY $1.50 29,484.00 $4.75 93,366.00
3 Subgrade Preparation 18,505 SY $2.15 39,785.75 $2.25 41,636.25
4 Concrete Curb & Gutter 11,119 LF $5.00 55,595.00 $5.50 61,154.50
5 Std. Conc. Apron 6 EA $1,200.00 7,200.00 $1,150.00 6,900.00
6 Flexible Base 14,522 SY $4.02 58,378.44 $5.10 74,062.20
7 HMAC Pvmt Type D 14,522 SY $2.19 31,803.18 $2.65 38,483.3O
8 Replace Concrete Drive 20,336 SF $2.05 41,688.80 $2.00 40,672.00
9 Replace Concrete Walk 1,112 SF $1.95 2,168.40 $1.90 2,112.80
10 5' Recessed Inlets 2 EA $1,600.00 3,200.00 $2,000.00 4,000.00
11 6' AWINA cg00DR14 PVC WatE 5,920 LF $7.60 44,992.00 $9.45 55,944.00
12 6' MJ Gate VaNe w/Box 19 EA $295.00 5,605.00 $375.00 7,125.00
13 Fire Hydrant Installation 7 EA $1,373.00 9,611.00 $1,480.00 10,360.00
14 6' X 90 Deg. Bend 1 EA $83.49 83.49 $125.00 125.00
15 6' X 6' MJ Cross 1 EA $141.02 141.02 $200.00 200.00
16 6' X 6' MJ Tee 8 EA $107.58 860.64 $155.00 1,240.00
17 6' X 11-1/4 Deg MJ Bend 4 EA $77.28 309.12 $116.00 464.00
18 6' X 22-1/2 Deg MJ Bend 2 EA $77.28 154.56 $116.00 232.00
19 1 - 1/2" Service Tap 29 EA $214.63 6,224.27 $294.00 8,526.00
20 1 [] Service Tap 56 EA $99.11 5,550.16 $172.20 9,643.20
21 1-1/2" Type K Copper Serv Lit 831 LF $8.12 6,747.72 $8.66 7,196.46
22 1 [] Type K Copper Serv Line 688 LF $7.48 5,146.24 $6.69 4,602.72
23 6' SDR26 PVC Sewer Line:6' D. 2,347 LF $8.43 19,785.21 $11.81 27,718.07
24 6" SDR26 PVC Swr Line:6-8' E: 1,272 LF $9.43 11,994.96 $13.81 17,566.32
25 6" SDR26 PVC Swr Line:8-10' 718 LF $10.43 7,488.74 $16.43 11,796.74
26 6- SDR26 PVC Swr Line:10-12 442 LF $11.43 5,052.06 $19.11 8,446.62
27 8~ SDR26 PVC Swr Line:8-10' 457 LF $11.43 5,223.51 $19.64 8,975.48
28 6' D.I. Encased San. Sewer 60 LF $86.67 5,200.20 $81.90 4,914.00
29 8" D.I. San Sewer 20 LF $24.64 492.80 $23.00 460.00
30 Standard P recast Manhole:4- E 19 EA $979.00 18,601.00 $1,255.00 23,845.00
31 Extra Depth Manhole 12 EA $80.00 960.00 $1,255.00 15,060.00
32 4" Schedule 40 PVC Serv Corm 57 EA $165.00 9,405.00 $405.00 23,085.00
33 6" Slip Line Sewer Using CIPP 4,120 LF $33.66 138,679.20 $39.21 161,545.20
34 6' Slip Line Sewer Using FFP 2,420 LF $28.71 69,478.20 $33.57 81,239.40
35 8' Slip Line Sewer Using FFP 1,672 LF $29.70 49,658.40 $34.75 58,102.00
36 10' Slip Line Sewer Using FFP 547 LF $33.66 18,412.02 $39.41 21,557.27
37 Robotic Sewer Taps 70 EA $445.50 31,185.00 $535.00 37,450.00
38 Open Cut Sewer Taps 70 EA $500.00 35,000.00 $552.00 38,640.00
39 Point Repair on Damaged Sew, 6 EA $1,200.00 7,200.00 $840.00 5,040.00
40 Manhole Rehab - 4' dia. manh 130 VF $79.20 10,296.00 $95.00 12,350.00
41 Manhole Rehab - 5' dia. manh 10 VF $99.00 990.00 $126.00 1,260.00
42 Block Sodding 9,680 SY $1.90 18,392.00 $4.00 38,720.00
43 Seeding 500 SY $0.50 250.00 $2.00 1,000.00
44 24"X30 Deg. Bend, RCP I EA $250.00 250.00 $350.00 350.00
45 Concrete Headwall 1 EA $800.00 800.00 $800.00 800.00
46 Concrete Riprap 11 SY $40.00 440.00 $37.00 407.00
47 24' RCP Storm Sewer 175 LF $19.80 3,465.00 $40.00 7,000.00
Total 896,028.09 1,107,373.53