Wednesday, August 13, 2014
After a lengthy executive session, Dorchester County Council passed motions to approve funding to cover a $5.46 million shortfall in the new detention center construction budget.
The county originally had established an $18 million budget for the project when it issued bonds for the design and construction of the jail. However, when the bids came in for the project, they came in higher than the original $18 million approved. Currently, based on expenses already incurred, bids received, and remaining estimated project costs, county staff estimates the cost to be $23,466,491.
In order to come up with those remaining funds, staff recommended allocating the additional funds as follows:
• $48,716 in interest earned from the 2012 bond
• $3,951,000 in general obligation bonds
• $1,325,000 in lease purchase agreements
•$23,032 in cash from the Capital Improvement Funds.
In addition, staff recommended that council award the bid to low bidder H.G. Reynolds, an Aiken, S.C. based construction company. Reynolds’ bid came in at $18.75 million.
Council unanimously passed motions to amend the detention center construction budget to $23,466,491, to authorize the county administrator to begin drafting ordinances and documentation necessary to issue a $4.041 million General Obligation bond and $1.365 million lease purchase agreement, and to award th contract to H.G. Reynolds Company.
Council also voted to contribute $10,000 to Leadership Dorchester’s Sawmill Branch Trail project.
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