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HILLSVILLE — Two Carroll County water projects advanced, at least on paper, as the Public Service Authority approved financing documents Monday.
County officials made headway on the Coon Ridge water project, approving the process of awarding the contract to the lowest bidder, contingent on federal funding agency Rural Development signing off as well, according to PSA documentation.
Authority members also adopted the loan resolution required to pay for a water system installation at Interstate 77’s Exit 1 at Lambsburg.
According to information in the authority board packet, the loan amount is $1.26 million, the grant amount is $564,000 and connection fees amount to $21,000. Total budget for the Exit 1 project $1.84 million.
That breaks down to a monthly payment of $4,447 on the project, staff estimated.
The loan resolution to spell out all of the particulars ran 38 pages.
For the Coon Ridge water project, a summary noted that Rural Development had authorized the PSA to advertise for construction bids.
A pre-bid conference will be held May 22 at 10 a.m. and bids will be due June 5.
The summary lists the Coon Ridge construction project’s budget impact as a Rural Development loan of $2.23 million, a grant of $900,000 and connection fees of $150,000. The total budget is $3.28 million.
These items were fell under the authority’s consent items, and were approved unanimously after a motion by PSA member Sam Dickson. The authority offered no further discussion on the matter.
Also included in the authority’s packet were agreements with law firm Sands Anderson to handle all legal services on the Exit 1 project for a fee of $12,000.
A separate document detailed that the legal firm would handle all matters necessary to secure the Rural Development funding for the compensation of $310 per hour, not to exceed $8,000 total.