HomeMy WebLinkAboutA063 - Email from Robert Josten dated December 2, 2011 <Josten.Robert@dorsey.com> To <DPitcher@city.ames.ia.us>
cc <DVoss@city.ames.ia.us>
12/02/2011 10:25 AM
bcc
Subject RE: Public Hearing for Drinking Water SRF Loan
Duane and Diane, I have confirmed with the staff at the SRF program that, in fact, they have the
approximately$50 million set aside and available to the City of Ames whenever you are ready to ask for
it.
I will send you a resolution that the Council may approve on December 13, setting January 10 as the
date for a public hearing on the entire amount. We will also begin the process so that you may approve
the Plan and Design Loan on January 10, if you wish.
Robert E.Josten
Partner
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DORSEY & WHITNEY LLP
801 Grand Suite 3900
Des Moines, IA 50309-2790
P: 515.283.1000 F: 515.283.1060 C: 515.556.8186
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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
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.