R83 Lake Como Drive PVAS paving project

1:29:53R eighty three. Mr Mr. Codwell? Good morning, sir.

1:29:58Good morning. Good morning, Commissioner. It is a call at public works. Um the citem is brought to the board um to get some direction as to whether to proceed as a board initi board initiated um project. Um I have a brief PowerPoint.

1:30:13Yeah.

1:30:14Is it possible to do that? Okay, thank you.

1:30:22Uh next slide please. This is item number PW21-0019, the Lake Homa Drive, EVAS number 3375. It's one road counter maintained and paved, and there are 97 lots and 37.35 ERUs. In terms of the estimated cost, we're looking at the new um paving contract, and um that is $166,000 about $300. Uh maximum cost per ERU on the new contract is $4,400. There's

1:30:52a discounted amount of $17,320 and the final Discounted ERU amount is $3,580. And the next slide, please.

1:31:07Um Lake Como, the location map, and I think I have a photograph or two of the road conditions. Next slide, please.

1:31:18And I'm down at the top.

1:31:21Yeah. This is Yeah, look at it.

1:31:25It's

1:31:25been that long since we've been, huh?

1:31:29I'm I'm I'm good.

1:31:32So um this is uh a road that you know has As needs, and I just for sake of time, I am going to move that we approve the board initiated. P Vass on Lake Como.

1:31:46Okay. I have a motion and a second. Madam Clerk, please call the roll out discussion. Commissioner Mariano. Okay. Madam Clerk, please call the roll.

1:31:57District one, Commissioner Oakley. Aye. District three, Commissioner Starkey. Aye. District four, Commissioner Fitzpatrick.

1:32:07Oh my question, I'm sorry, was it w it was originally five percent interest rate for everyone and it was lower being lowered to

1:32:163.2%. Okay. In terms of the interest rate, it's based on when the project is noticed. Okay. So since this project was will be noticed in a few days, it will be at the 3.25%.

1:32:28Okay, we'll be at 3.25%. Yes. in the on the agenda when you click on it it says it's at the two of them are at five percent and one of them is fifteen years at five point two five percent and the other

1:32:38one is so what those are your public hearing agendas in the afternoon this is a this is a board initiated so

1:32:44Okay.

1:32:45What Ainsley is saying is that the that the resolution applies to this one. Yes. We'll have we'll have discussions on the afternoon public hearing when those come up. Yes. Aye.

1:32:56Yeah. Good?

1:33:00But

1:33:06Okay. for Mariano.

1:33:08Uh-huh.

1:33:09District two, Chairman Mariano

1:33:12passes five zero. Thank you.