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RES 2024-22 DOE Interest Draw Request AdoptedRESOLUTION NO. 2024-22 AUTHORIZING MULTIPLE EXPENDITURES FROM FUND 36 ANCILLARY TO THE REGIONAL SOLID WASTE TRANSFER STATION PROJECT WHEREAS, in August 2020, the State of South Carolina received a $600 million settlement as a result of litigation against the U.S. Department of Energy related to plutonium located at the Savannah River Site (SRS); and WHEREAS, in July 2022, the State FY 2022-23 Appropriations Act, proviso 118.19 (72) appropriated a portion of the litigation settlement funds to the City of North Augusta for, among other projects, $2,000,000 for a Regional Solid Waste Transfer Station; and WHEREAS, City Council adopted Resolution 2022-55, which formally acknowledged this and other City projects selected for funding designated allocations to be held in Fund 36 – Savannah River Settlement Appropriations Act until expenditures were made in accordance with Council approval; and WHEREAS, in February 2023, the City was advised that Aiken County would manage litigation settlement funds on behalf of the City and only disperse project funding to City upon receipt and approval of a “Draw Request” for a cash advance or reimbursement; and WHEREAS, in May 2023, the City submitted and received its first draw request of the principal for the transfer station totaling $199,650; and WHEREAS, the litigation settlement funds allocated to the City of North Augusta have been and continue to be invested in an interest bearing account in the local government investment pool (LGIP) prior to the release to the City for expenditure; and WHEREAS, interest earned on the City’s invested settlement funding is available for City expenditure upon approval of a “Draw Request” by Aiken county and transferal into City Fund 36; and WHEREAS, City Council adopted Resolution 2023-34 identifying ancillary projects associated with the Regional Solid Waste Transfer Station project in the amount of $795,000; and WHEREAS, the City has identified additional ancillary projects associated with the Regional Sold Waste Transfer Station project as outlined in Attachment 1 and has submitted a “Draw Request” of accrued interest for the ancillary project costs; and WHEREAS; funds totaling $1,850,000 remain available from the principal to be drawn for implementation of the Regional Solid Waste Transfer Station; and NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of North Augusta, South Carolina, in meeting duly and by the authority thereof, that 1. The City Administrator is authorized to execute such documents as necessary to procure the identified equipment and execute projects in accordance with City procurement policy. Ancillary projects associated with the Regional Solid Waste Transfer Station project: Project / Equipment Amount Description Paving Project 275,000$ Pave upper and lower portions of the facility International Boom Truck 210,000$ For transport to landfill Transfer Station Storage Building 250,000$ Storage for facility equipment Parking Lot 30 Spaces 150,000$ Parking for facility Total 885,000$ ATTACHMENT 1