HomeMy WebLinkAbout48-97 RESOLUTION-
SCANNED
RESOLUTION NO. 48-97
A RESOLUTION TO ACCEPT THE ODOR CONTROL
IMPROVEMENTS IMPLEMENTED BY OMI; AND
AUTHORIZING FINAL PAYMENT TO OMI FOR THE ODOR
CONTROL IMPROVEMENTS.
BE IT RESOLVED BY TIM CITY COT]NCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1. That the City Council hereby accepts the odor control improvements
implemented by OMI; and authorizes final payment to OMI for the odor control improvements.
A copy of the costs is attached hereto marked Exhibit "A" and made a part hereof.
PASSED AI{D APPROVED this ^Oth day of May , 1997.
Fred Hanna, Mayor
ATTEST:
By
Traci Paul, City Clerk
i(
EXHIBIT A
O.M.I. Odor Management
Amorttzation Schedule
--$-
Year Month
Beginning
Balance
9.00%
lnterest
Ending
Balance
$
Adjustments Payqedq Principal
$ 134,986.99 $$$$1 994
1 995
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
sep
Oct
Nov
Dec
Jan
Feb
Mar
1 996
1 997
134,986.99
13l.,289.43
133,586.64
142,451.21
141,686.45
140,91 5.96
179,150.91
178,151.10
177,143.79
270,492.39
268,922.09
267,340.03
594,51 1.gg
590,919.30
587,299.77
895,924.63
890,284.99
884,602.96
950,203.92
943,968.17
937,685.75
943,308.27
936,849.43
930,342.15
923,796.07
917,190.92
910,526.03
9,572.63
39,011.22
94,363.45
328,765.78
312,271.53
71,325.61
1 1,952.06
25,350.00
$ 1,027,599.27 $ 210,976.77 $ 98,427.94 $ 112,548.83
Remaining Amount
Amortization Overpayment
1,709.96
1,709.96
1,709.96
1 ,833.14
1 ,833.14
1 ,833.14
2,343.44
2,343.44
2,343.44
3,598.98
3,598.98
3,598.98
8,051.42
8,051 .42
8,051 .42
12,359.17
12,359.17
12,359.17
13,362.18
13,362.18
13,362.18
13,533.65
13,533.65
13,533.65
13,533.65
13,533.65
13,533.65
697.56
702.79
708.06
764.76
770.49
776.27
999.81
1,007.31
1,014.86
1,570.29
1,582.06
1,593.93
3,592.58
3,619.53
3,646.67
5,639.74
5,682.03
5,724.65
6,235.65
6,282.42
6,329.54
6,458.84
6,507.28
6,556.08
6,605.25
6,654.79
6,704.70
1,012.40
1,007.17
1,001.90
1,068.38
1,062.65
1,056.87
1,343.63
1 ,336.13
1,328.58
2,028.69
2,016.92
2,005.05
4,458.84
4,431 .89
4,404.75
6,719.43
6,677.14
6,634.52
7,126.53
7,079.76
7,032.64
7,074.81
7,026.37
6,977.57
6,928.40
6,878.86
6,828.95
134,986.99
1U,289.43
133,586.64
142,451 .21
141,686.45
140,915.96
179,150.91
178,151.10
177,143.79
270,492.38
268,922.09
267,340.03
594,51 1.88
590,919.30
587,299.77
895,924.63
890,284.89
884,602.86
950,203.82
943,968.17
937,685.75
943,308.27
936,849.43
930,342.15
923,786.07
917 ,180.82
910,526.03
929,171.33
929,171 .33
(ee1.04)
E : \DATA\ 1 23- DATA\O DO RLO N3.WK4
Revised Remaining Amount $ 928' 180.29