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Home My WebLink AboutA064 - Email from Finance Director dated August 3, 2011 Duane R Pitcher/COA To poolert@pfm.com 08/03/2011 11:13 AM cc josten.robert@dorsey.com, Diane R Voss/COA@COA,Steve Schainker/COA@COA, Bob Kindred/COA@COA, Roger U� bcc Wisecup/COA@COA, Sue RyboIUCOA@COA, Carol B Subject City of Ames FY 11/12 Bond Issue Tioanna, We have finalized plans for the Fall 2011 G.O. Bond Issue. Below are the project to be funded and issue amount net of costs. All projects to be funded are essential corporate purpose with the exception of City Hall Improvements. Please prepare a schedule for an early Fall issuance. For City staff, adjustments from the budget include: Replacement of Grand Avenue Extension with S.Duff 16th Street Frontage and Hickory Drive Recon. (Same dollar amount) Reduction in City Hall Improvements from $300,000 to$70,000 due to favorable heat pump replacement bids. 2011/2012 CIP G. O. Bond Issue West Lincoln Way Intersection Improvements $ 150,000 S. Duff/16th Street Frontage and Hickory Drive Reconstruction 300,000 Arterial Street Pavement Improvements 60,000 Collector Street Pavement Improvements 1,898,500 Asphalt Pavement Improvement Program 2,576,000 Downtown Pavement Improvements 750,000 Asphalt Resurfacing 765,500 City Hall Improvements General Corp. Purpose 70,000 Total Debt Issue $ 6,570,000 Thanks, Duane Duane Pitcher, CPA, CPFO Director of Finance City of Ames 515 Clark Avenue P.O. Box 811 Ames, Iowa 50010 Phone (515) 239-5114