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Item No. 9 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Jerry McDaniel, Public Works Director <br />SUBJECT: TWDB CONTRACTOR #62525 CID 003 PHASE III <br />DATE: May 19, 2016 <br />BACKGROUND: In 2013 the Texas Water Development Board approved a low- interest loan to <br />the City of Paris to construct various water and wastewater projects; $500,000 of the loan was <br />forgivable. Upon completion of the first two phases of work, we had funds remaining, so moved <br />on to a third group of needed projects, as well as some in -house work using our CIP crew. <br />STATUS OF ISSUE: All approved and TWDB inspected construction work has been <br />completed, including the Phase III Water System Replacement projects totaling $381,376.20. <br />All new lines are functioning and in use. The project needs to be closed out by the city and the <br />state's TWDB, with a remaining final payout of $22,753.29. <br />BUDGET: Funding was through a low- interest TWDB loan. <br />RECOMMENDATION: Approve and accept final payment and close the project. <br />