Loading...
RES 2025-28 DOE Interest Draw Request AdoptedRESOLUTION NO. 2025-28 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 disburse 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, in Januay 2025, the City submitted and received its second draw request of the principal for the transfer station totaling $1,697,737.14; and WHEREAS, in May 2025, the City submitted and received its third draw request of the principal for the transfer station totaling $40,207.86; 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, City Council adopted Resolution 2024-22 identifying ancillary projects associated with the Regional Solid Waste Transfer Station project in the amount of $885,000; and WHEREAS, the City has identified additional ancillary projects associated with the Regional Sold Waste Transfer Station project as outlined in Attachment 1 and has submitted a “Draw Request” of accrued interest for the ancillary project costs; and Ancillary projects associated with the Regional Solid Waste Transfer Station project: Project / EquipmentAmountDescription Leaf Vacuum Truck297,600$ For transport to landfill Residential Rear Loader234,900$ For transport to landfill Residential Boom Truck221,500$ For transport to landfill Walking Floor Trailer126,470$ For transport to landfill Transfer Station Storage Building 2184,400$ Storage for facility equipment Total1,064,870$ ATTACHMENT 1