HomeMy WebLinkAboutA001 - Memo from Finance Director dated May 31, 2005 Memo
Finance Administration
Caring People
Quality Programs
Exceptional Service
TO: Clint Petersen, Fire Chief
John Joiner, Acting Director of Public Works '
Lynn Brennan, Public Works Administrative Assistant
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FROM: Duane Pitcher, Finance Director CB�'avn
DATE: May 31, 2005
SUBJECT: General Obligation Bonds, Series 2005
New Money Bond Issue
We are moving forward with the bond issue scheduled for FY 05/06. Projects funded by the
issue include the following:
200512006 CIP G.O. Bond Issue
Fire Apparatus/Equipment $ 79,000
West Lincoln Way Intersection Improvements 65,000
U.S. 69 Improvements 200,000
East Lincoln Way Widening 425,000
Arterial Street Rehab (24th & Stange) 500,000
West Lincoln Way Widening 700,000
CyRide Route Reconstruction 750,000
Collector Street Rehabilitation 480,000
Concrete Pavement Reconstruction 420,000
Total $ 3,619,000
Please review all your projects and notify me of any changes in the estimated cost or timing of
the projects. Provide your input to me by Tuesday, June 7, 2005.
c: Steve Schainker, City Manager
Diane Voss, City Clerk
Sue Rybolt, Assistant Finance Director
Carol Collings, Budget Officer