HomeMy WebLinkAbout061013_ca04Department of Public Works
O Consent Agenda
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Jefferson County
Board of Commissioners
Agenda Request
To: Board of Commissioners
Philip Morley, County Administrator
From: Frank Gifford, Public Works Director ~'d
Agenda Date: June 10, 2013
Subject: Signature Authority for Public Works Trust Fund Loan Disbursement
Requests
Statement of Issue: Jefferson County Public Works entered into a Public Works Trust Fund
(PWTF) loan contract with the State Public Works Board for $lOM as part of the funding and
financing plan for the Port Hadlock Wastewater Facility project. Each loan disbursement request
requires signature from an official of the County with authority to bind the County.
For efficiency in processing these loan disbursement requests, Public Works requests that the Board
identify the Public Works Director and the County Administrator as individuals with authority to
sign the disbursement request form.
Analysis/Strategic Goals/Pro's & Con's: The PWTF is being used to reimburse the County for
Port Hadlock Wastewater Facility project costs. Disbursement vouchers may be submitted monthly.
Fiscal Impact/Cost Benefit Analysis: The 2012 PWTF Loan amount is $10,000,000. The loan
terms are 35 years (5-year payment deferral + 30-year payment schedule including interest accrued
during deferral period) at 0.5% interest. Payment on loan disbursements begins June 1, 2017.
Recommendation: Jefferson County Public Works recommends that the Board sign the attached
Signature Authorization Form and return a copy to Public Works.
Department Contact: Joel Peterson, 385-9173
Reviewed By:
i ~ ~~~~.
i ,
ip Morle', ounty Adm'~istrator Date
~..
Signature Authorization
Public Works Trust Fund Loan Disbursements
Jefferson County
Project Name: Contract Number: PC12-951-052
Port Hadlock Wastewater Facility Public Works Trust Fund
Jefferson County Public Works Department of Commerce
PLEASE SIGN THIS FORM !N !NK
ALL SIGNATURES MUST BE ORIGINALS AND ON ONE PAGE
J.. Authorized to Sign Contracts, Amendmen#s and Loan Agreements:
Identifies the person(s) who are authorized to sign contracts, loan agreements, and amendments or modification to
those documents.
Signature Print or Type Name Title
John Austin County Commissioner, Chairman
2. Authorized to Sign Invoice Vouchers:
(dentify the person(s) who are authorized to sign invoice vouchers requesting COMMERCE funds.
If your name Ctpp~ars in Seetic-n 3 -- do nQt fist your name in this Section 2.
Signature Print or Type Name Title
Philip Morley County Administrator
..,Le,,, Frank Gifford Public Works Director
3. Authorizing Authorities:
Identify the persons who authorized the individuals identified in Sections 1 & ~' above to sign.
Signature Print or Type Name Title
John Austin County Commissioner, Chairman
Phil Johnson County Commissioner
David Sullivan County Commissioner