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218
<br />
<br />August 28, 1984
<br />
<br /> On motion of M~s.
<br />on first reading; contract to be awarded to Western Waterproofing Company,
<br />ed, and was adopted by unanimous vote:
<br />
<br />Inc~
<br />
<br />Webb and seconded by Mr. Beamer, the following ordinance was approved
<br /> as recommend7
<br />
<br />"AN ORDINANCE TO APPROPRIATE $165,226 FROM THE CAPITAL IMPROVEMENT EUND FOR
<br />REPAIRS TO THE CIVIC CENTER PLAZA."
<br />
<br /> 84-303 = Letter from the City Manager recommending adoption of an ordinance to appropriat,
<br />$60,000 and award of low bid for Phase II repairs to 29 concrete piles along the Seawall.
<br />
<br /> "As you are aware, the Portsmouth Seawall requires annual maintenance to its beams, re-
<br />taining walls and piles. The Director of Planning, Engineering, and Inspections estimates
<br />that the annual cost of this maintenance will be approximately $50,000. The 1983-84 Capital
<br />Improvement Program indicates $50,000 earmarked in FY 83-84 for repairs to the Seawall. Addi-
<br />tionally, a $10,089 balance remains from the previously appropriated funding for this necessar
<br />maintenance.
<br />
<br /> In the fall of 1982 a contract was awarded which provided for the installation of epoxy
<br />jackets on 28 concrete piles on the south end of the Seawall walkway which had deteriorated.
<br />The only piles experiencing problems werelthose installed under the early phases of the Sea-
<br />wallts construction. The approximately 3/4" thick epoxy jackets completely encapsulate and
<br />seal the pile thus preventing any further deterioration. Award of this contract will complete
<br />the jacketing of 29 piles. Later phases of the Seawall's construction used different material~
<br />and show no problems at this time.
<br />
<br />Bids were received on July 23, 1984 and are tabulated as follows:
<br />
<br /> CONTRACTOR AMOUNT OF BID % OF BID
<br /> City Estimate $ 55,000.00 100%
<br />(1) Hydro-Corporation 50,775.50 92%
<br />(2) J. S. Sutton Construction Company 70,775.00 129%
<br />(3) Sea-Con Services, Inc. 97,521..00 177%
<br />
<br /> The City Enginee~ has investigated Hydro-Corporation with regard to both financial status
<br />and the ability to perform the work, and he recommends award of the contract to the apparent
<br />bidder. Contingencies, project administration and inspection bring the total anticipated pro-
<br />ject cost to $60,000.
<br />
<br />The total project cost is calculated as follows:
<br />
<br />Hydro-Corporation
<br />Contingencies
<br />Project 2dministration and Inspection
<br />Total Anticipated Project Cost
<br />
<br />$50,775.00
<br /> 2,000.00
<br /> 7,224.50
<br />
<br />$ 60,000.00
<br />
<br /> AttaChed is the necessary ordinance to accomplish this task and I recommend its approval
<br /> in addition to awarding the contract for this project tO the low bidder."
<br />
<br />~? [~ ~,~On motion of Mrs. Lucas and seconded by Mrs. Webb, the following ordinance was approved
<br /> on first reading; contract to be awarded to Hydro-Corporation, as recommended, and was adopted
<br /> by unanimous vote:
<br />
<br />"AN ORDINANCE TO APPROPRIATE $60,000 FROM THE CAPITAL IMPROVEMENT FUND FOR REPAIR
<br />TO THE SEAWALL PILES."
<br />
<br /> 84-304 Letter from the City Manager recommending adoption of an ordinance to have place
<br />on the November, 1984, ballot, a referendum authorizing the pledging of the City's full faith
<br />and credit on $9,750,000 Public Utility Bonds for the purpose of making capital improvements,
<br />extensions, and additions to the City's revenue producing water and sewer system.
<br />
<br /> "Attached is an ordinance for your consideration authorizing the necessary steps to be
<br />taken to have a public utility bond referendum for $9,750,000 placed on the ballot in the
<br />November 6, 1984 election. In order for the bond referendum to be considered in the November
<br />election, the City Council is required to initiate such action by adopting the attached
<br />ordinance.
<br />
<br /> The capital improvement projects of the public utility system are typically funded by
<br />voter approved water and sewer bond issues that are called "double barrel bonds", because not
<br />only do the revenues collected by the utility serve as collateral, but they are also backed by
<br />the full faith and credit of the City. Double barrel bonds traditionally demand lower interes'
<br />rates and thereby save the customers of the utility system thousands of dollars. They are als~
<br />excludable from the City's maximum debt limitation as established by state law. As Council is
<br />aware, improvements to our sewer system are mandated by the federal government. Therefore,
<br />the bonds must be issued either by voter approved referendum or by action of City Council. It
<br />is obvious that the least expensive method for the consumers is for their approval of the
<br />referendum.
<br />
<br /> The last public utility bond referendum was held November, 1982, and was approved by a
<br />wide margin or'the voters. All previously approved public utility bond funding has been al-
<br />located to cRpl~al projects, most of which have been appropriated already by the City Council.
<br />Therefore, incorder for the ongoing capital improvements program of the public utility system
<br />to continue~ it is now necessary for additionalf~g to be authorized. The planned purpose
<br />for the $9,750,000 of bond funding to be approved by the proposed referendum are shown below:
<br />
<br />
<br />
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