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Home My WebLink AboutA006 - Memmo from Finance Director dated June 3, 2009 - projects funded by bond issue Memo Finance Administration Caring People Quality Programs L Exceptional Service KCI:TYCOF 3 2009 TO: John Joiner, Director of Public Works CLERK John Dunn, Director of Water & Pollution ControlAMES,IOWA Ly,qn Brennan, Public Works Administrative Assistant FROM: 16�6`aZnAe' %i&cer, Finance Director DATE: June 3, 2009 SUBJECT: General Obligation Bonds, Series 2009 We are moving forward with the bond issue scheduled for FY 09/10. Projects funded by the issue include the following: 2009/2010 CIP G. O. Bond Issue Raw Well Water Loop Line $ 400,000 Abated by Water Utility SW Ames Stormwater Management 475,000 Arterial Street Pavement Improvements 468,000 Collector Street Pavement Improvements 1,000,000 CyRide Route Pavement Improvements 800,000 Concrete Pavement Improvements 1,625,000 Asphalt Pavement Improvement Program 500,000 Downtown Pavement Improvements 500,000 Planned TIF.- South Bell TIF 1,152,000 Abated by TIF Revenue Carried Forward From 200812009 CIP: Concrete Pavement Improvements 1,225,000 Asphalt Pavement Improvement Program 350,000 Collector Street Pavement Improvements 900,000 CyRide Route Pavement Improvements 900,000 Arterial Street Pavement Improvements 437,573 Downtown Pavement Improvements 700,000 Total Debt Issue $ 11,432,573 PLANNED ISSUES NOT INCLUDED FROM PRIOR YEARS NE Area Shared Use Path $ 350,000 NE Area Commercial 950,000 $ 1,300,000 Page Two — Re: General Obligation Bonds, Series 2009 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 Friday, June 12, 2009. For the Public Works projects, we will be scheduling a meeting to review the closeout of older bond issues. If there are funds remaining with the closeout of older bond issues, we will reduce the upcoming issue. c: Steve Schainker, City Manager Diane Voss, City Clerk Sue Rybolt, Assistant Finance Director Carol Collings, Budget Officer Tracy Warner, Municipal Engineer