1258 FEAP & SANFORDPUBLIC WORKS DEPARTMENT
TRANSMITTAL MEMORANDUM
To: City Clerk
RE: Request for Services
The item(s) noted below is /are attached and forwarded to your office for the following action(s):
❑ Development Order
❑ Final Plat (original mylars)
❑ Letter of Credit
❑ Maintenance Bond
❑ Ordinance
❑ Performance Bond
❑ Resolution
❑ City Comm Item
■
Once completed, please:
❑ Return original
❑ Return copy
El
IN;
Mayor's signature
Recording
Rendering
Safe keeping (Vault)
❑
City Attorney's Initials _
❑
Finance Director's Initials
❑
Purchase Manager Initials
U
Special Instructions:
attached are the original signed stormwater state revolving fund loan agreement — completions of
cloud branch project
Please advise if you have any questions regarding the above.
Thank you!
From Date
Florida Department of
Environmental Protection
Bob Martinez Center
2600 Blair Stone Road
Tallahassee, Florida 32399 -2400
CERTIFIED MAIL - RETURN RECEIPT REQUESTED
FEB 16 2012
Mr. Bilal Iftikhar
Acting Public Works Director
City of Sanford
Post Office Box 1788
Sanford, Florida 32772 -1788
Re: SW586260 and SW586261 - Sanford
Stormwater Management (Cloud Branch - Phase 2)
Dear Mr. Iftikhar:
Enclosed is one original of Amendment 2 to the City of Sanford's State Revolving Fund
loan agreement SW586260 and one original of Amendment 1 to the City of Sanford's
State Revolving Fund loan agreement SW586261. The amendments are now in effect.
No further amendments are anticipated. Please note that these amendments require a
separate project - specific audit to be submitted to the Department within one year of
each amendment's effective date. The audit should be sent to Cindy Bonds at
2600 Blair Stone Road, MS 3505, Tallahassee, Florida 32399 -2400.
We congratulate you and your staff on the completion of your project and are pleased
that we could work with you.
Sincerely,
/.,�
Phil Coram, P.E., Deputy Director
Division of Water Resource Management
PC /dw
Enclosure
cc: Honorable Jeff Triplett - City of Sanford
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Rick Scott
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Jennifer Carroll
Lt_ Governor
Herschel T. Vinyard Jr.
Secretary
02 -22 -12 10:57 RCVD;,:,
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Pr- �--1
STATE REVOLVING FUND
AMENDMENT 1 TO LOAN AGREEMENT SW586261
CITY OF SANFORD
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This amendment is executed by the STATE OF FLORIDA DEPARTMENT OF
ENVIRONMENTAL PROTECTION (Department) and the CITY OF SANFORD, FLORIDA,
(Local Government) existing as a local government agency under the laws of the State of
Florida.
WITNESSETH:
WHEREAS, the Department and the Local Government entered into a State Revolving Fund
Loan Agreement, Number SW586261, authorizing a Loan amount of $443,451, excluding
Capitalized Interest; and
WHEREAS, the Project costs need adjustment to reflect actual costs; and
WHEREAS, the Semiannual Loan Payment amount needs revision to reflect adjustment of
Project costs and the one Semiannual Loan Payment received by the Department from the Local
Government.
NOW, THEREFORE, the parties hereto agree as follows:
1. The total disbursed amount for this loan is $443,451.
2. The Loan Service Fee for this Loan is $8,869. The fee represents two percent of the
Loan amount excluding Capitalized Interest; that is, two percent of $443,451. The Loan Service
Fee is assessed as of the effective date of January 13, 2012.
3. The total amount to repay by the Local Government is $452,818.34, which consists of
$443,451.00 disbursed to the Local Government, $498.34 of accrued Capitalized Interest and
$8,869.00 of service fee charges.
4. The total amount remaining to repay which amount accounts for the Department's
receipt of one semiannual Loan Payment is $441,335.02, consisting of unpaid principal of the
Loan of $432,466.02 and an unpaid service fee charge of $8,869.00 both at a Financing Rate of
2.28 percent per annum (the interest rate is 2.28 percent per annum, and the Grant Allocation
Assessment rate is 0 percent per annum).
5. The Semiannual Loan Payment amount, adjusted to account for the one Semiannual
payment received to date, is hereby revised and shall be in the amount of $14,069.99. Such
payments shall be received by the Department on June 15, 2012 and semiannually thereafter on
December 15 and June 15 of each year until all amounts due hereunder have been fully paid.
6. Subsection 2.03(3)(a)(i) is hereby deleted and replaced as follows:
(3) Report Submission.
(a) Copies of reporting packages for audits conducted in accordance with OMB Circular
A -133, as revised, and required by Subsection 2.03(2) of this Agreement shall be submitted,
when required by Section .320 (d), OMB Circular A -133, as revised, by or on behalf of the Local
Government directly to each of the following:
(i) The Department at the following address:
Valerie Peacock, Audit Director
Office of the Inspector General
Florida Department of Environmental Protection
3900 Commonwealth Boulevard, MS 41
Tallahassee, Florida 32399 -3123
7. Project Costs are revised as follows:
The Local Government and the Department acknowledge that changes in Project costs
may occur as a result of the Local Government's Project audit or a Department audit pursuant
to Chapter 62 -503 of the Florida Administrative Code. Unless this Agreement is amended
subsequent to an audit, the following Project disbursements shall be final.
CATEGORY DISBURSED ($)
Construction and Demolition 440,863.00
Technical Services During Construction 2,588.00
SUBTOTAL (Total Disbursed) 443,451.00
Capitalized Interest 498.34
TOTAL (Loan Principal Amount) 443,949.34
8. The Project - specific audit required under Subsection 2.03(4) of the Agreement shall
be submitted within twelve months after the effective date of this amendment.
9. All other terms and provisions of the Loan Agreement shall remain in effect.
REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
This Amendment 1 to Loan Agreement SW586261 shall be executed in three or more
counterparts, any of which shall be regarded as an original and all of which constitute but one
and the same instrument.
IN WITNESS WHEREOF, the Department has caused this amendment to the Loan Agreement
to be executed on its behalf by the Deputy Division Director, and the Local Government has
caused this amendment to be executed on its behalf by its Authorized Representative and by its
affixed seal. The effective date of this amendment shall be as set forth below by the Deputy
Director.
Attest:
City C rk
SEAL
Attest as to form and completeness:
City Attorney
4 0 rid, E /t/. i
ItzA
for
STATE OF FLORIDA
DEPARTMENT OF ENVIRONMENTAL PROTECTION
Deputy Director
Division of Water Resource Management
FEB 10 2012
Date