HomeMy WebLinkAboutA065 - Memo from Finance Director dated July 11, 2011 M
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TO: John Joiner, Director of Public Works
Paul Hinderaker, Director of Fleet Services
Bob Kindred, Assistant City Manager JUL 1 2 2011
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FROM: Duane Pitcher, Finance Director CITY CLERK
CITY OF AMES,IOWA
DATE: July 11, 2011
SUBJECT: General Obligation Bonds, Series 2011 B
We are moving forward with the bond issue scheduled for FY 11/12. Projects funded by the
issue include the following:
2011/2012 CIP G. O. Bond Issue
West Lincoln Way Intersection Improvements $ 150,000
Grand Avenue Extension 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 300,000
Total Debt Issue $ 6,800,000
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 Wednesday, July 20, 2011.
c: Steve Schainker, City Manager
Diane Voss, City Clerk
Sue Rybolt, Assistant Finance Director
Carol Collings, Budget Officer