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Home My WebLink AboutA062 - Email from Finance Director dated November 28, 2011 Dc c . Duane R Pitcher/COA To <Josten.Robert@dorsey.com> 1 /,4011/28/2011 09:55 AM cc DVoss@city.ames.ia.us bee It Subject RE: Public Hearing for Drinking Water SRF Loan[ Bob, Just confirmed with Diane that th6 P&D loan was pulled from the council agenda in December 2009 and no action was taken. The proposed $11,425,000 is the new amount. Also we have changed our date for the second meeting in December to December 20th. If the timing works, we can hold the hearing on that date or delay until January 10th. 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 <J osten.Robert@dorsey.com> <Josten.Robert@dorsey.com> r To <DPitcher@city.ames.ia.us> I 11/28/2011 08:40 AM cc <DVoss@city.ames.ia.us> Subject RE: Public Hearing for Drinking Water SRF Loan Duane, our file shows that, in December, 2009, the Ames Council approved a Plan and Design Loan in the amount of$6,249,000, but the file also shows that Loan was never closed. Is that accurate? Is the proposed $11,425,000 P&D loan an additional amount, or an increase from the original figure? Robert E.Josten Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DORSEY & WHITNEY LLP 801 Grand Suite 3900 Des Moines, IA 50309-2790 P: 515.283.1000 F: 515.283.1060 C: 515.556.8186 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CONFIDENTIAL COMMUNICATION E-mails from this firm normally contain confidential and privileged material, and are for the sole use of the intended recipient. Use or distribution by an unintended recipient is prohibited, and may be a violation of law. If you believe that you received this e-mail in error,please do not read this e-mail or any attached items. Please delete the e-mail and all attachments, including any copies thereof, and inform the sender that you have deleted the e-mail, all attachments and any copies thereof. Thank you. From: Duane R Pitcher [mailto:DPitcher@city.ames.ia.us] Sent: Sunday, November 27, 2011 10:34 PM To: Josten, Robert Cc: Diane R Voss Subject: Public Hearing for Drinking Water SRF Loan Bob, We are preparing to enter into an agreement for our Drinking Water SRF Planning and P P 9 9 9 9 Design loan and would like to proceed with the public hearing as early as the December 13, 2011 City Council meeting. We are also have a construction loan on the DNR intended use plan and are wondering if we should do both public hearings at the same time. I would think that if we are asking for a commitment for a large P&D loan we should have a commitment for the P&D loan also. Information on the SRF loans are as follows: Planning and Design: PD-DW-10-23 $11,425,000 Planning and Design for new water plant Construction: FS-85-10-DWSRF-046 $49,471,000 New 15 million gallon per day lime softening plant. Also we were wondering if the placement on the intended use plan constitutes any sort of commitment to fund by the state, or is it just dependent on funds availability and priority. We have some concerns that a $50 million project would be much more expensive if we need to fund all or part with revenue bonds. Please give me a call if you would like to discuss. 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 I Doug Marek/COA To Duane R Pitcher/COA@COA 11/28/2011 10:35 AM cc Diane R Voss/COA@COA, John R Dunn/COA@COA bcc Subject Re: Drinking Water SRF Loans[I Duane: I don't think I've seen the form of the loan contract. In October I did review SRF-required front-end specifications and instructions for compliance with SRF cross-cutters, but that was in connection with bid packages and not loan documents. Doug Marek Ames City Attorney 515 Clark Avenue P.O. Box 811 Ames, Iowa 50010 Tel: 515-239-5146 Fax: 515-239-5142 E-mail: dmarek@city.ames.ia.us PRIVILEGE & CONFIDENTIALITY NOTICE This message is intended only for the use of the person or entity to whom it is addressed. It may contain information that is privileged, confidential, and exempt from disclosure under applicable law as attorney-client and work-product confidential communication. If you are the reader of this message but are not the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this transmission in error, please immediately notify us at the above-listed telephone number. Duane R Pitcher---11/28/2011 09:59:57 AM---Doug, I'm working with Bob Josten to set a public hearing... From: Duane R Pitcher/COA To: Doug Marek/COA@COA Cc: John R Dunn/COA@COA, Diane R Voss/COA@COA Date: 11/28/2011 09:59 AM Subject: Drinking Water SRF Loans Doug, I'm working with Bob Josten to set a public hearing for the two Drinking Water SRF loans: Planning and Design: PD-DW-10-23 $11,425,000 Planning and Design for new water plant Construction: FS-85-10-DWSRF-046 $49,471,000 New 15 million gallon per day lime softening plant. I checked with Diane and there were notes in the file that you needed to see the form of the loan contract - did you get this, and if not please let John Dunn know and he will provide. Also let me know if there is anything else you will need. Thanks, Duane