AG 2003 03 17 - Laserfiche WebLink

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Memo To: From: CC: Date: Re: Cabarrus County Board of Commissioners Kelly F. SE'ford, Community Development Coordinator John D. Day, Interim County Manager 03/05/03 Fishertown Area Grant Proposals Staff received four proposals for the proposed Fishertown sewer project. Most of the proposals include a $750,000 CDBG Infrastructure grant and another possible $400,000 Supplemental Grant. If funded under both applications, we could receive $1.15 million dollars. The project was estimated to cost $1.85 million three years ago. Cabarrus County would be required to provide at least 10%, possibly 25% local match to obtain the CDBG Infrastxucture grant. We could apply next year for another $700,000 grant, which with local match could possibly complete the project. However, these projections are all based on funding through the Division of Community Assistance which is being cut this year, therefore, less jurisdictions will be funded. It is likely that it will take several funding cycles to complete the project. In terms of time, it could take several years to complete the project if the County relies solely on grant money. The details of the proposals are as follows: Enclineefin~l Services, P.A. This proposal identified several possible funding sources including grants and Iow interest loans. For a fee of $10,000 this organization will apply for, secure and administer any funding. No more than 10% of any project would be dedicated to grant administration. This is a turnkey proposal for as much funding as the agency can obtain for Cabarrus County. They feel that 100% funding through grants is not a likely option. Engineering Services suggests Iow interest loans as a potential source to complete the project. It is likely that only $750,000 of the approximately $1.85 million project will be in the form of a grant. Their professional opinion is that much of the rest will be in the form of a loan. Benchmark, Inc. This proposal is $3,500 for the preparation of a CDBG Infrastructure grant. The administration of the grant would be a not to exceed fee of $85,000. This is a turnkey proposal for only one grant. This grant type would require 5 to 10% local match. The grant would be for a maximum of $750,000. Again, the remainder of the project, $1,175,000, would be local money. Central Carolina Council of Govemments COG's proposal is $7,500 to $10,000 for the preparation of grants including DCA's Concentrated Needs and Infrastructure programs. The pricing depends on the level of services that the County requires of them. Only $3,500 of the grant allocation could be used to offset these fees. This proposal also suggests that Cabarrus County could reduce the proposed grant area to increase the