HomeMy WebLinkAboutA002 - Email dated January 24, 2013 from Robert Josten • '� Page 1 of 2
RE: G. O. Bond Issuance Planning for the City of Ames t
Josten.Robert r
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DPitcher, burmetsterj f ����
01/24/2013 02:27 PM
Cc:
DVoss, rwisecup, tstanley, Wasteller, SSchainker, mmundt
Show Details
I am available to discuss dates for council meetings, at your convenience.
Robert E.Josten
Partner
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DORSEY & WHITNEY LLP
801 Grand Suite 4100
Des Moines, IA 50309-8002
P: 515.283,1000 F: 515.283.1060 C: 515.556.(1,186
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CONFIDENTIAL COMMUNICATION
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From: Duane R Pitcher [mailto:DPitcher@city.ames.ia.us]
Sent: Thursday, January 24, 2013 2:03 PM
To: burmeisterj@pfm.com; Josten, Robert
Cc: Diane R Voss; Roger Wisecup; Tina Stanley; Nancy E Masteller; Steve Schainker; Melissa Mundt
Subject: G. O. Bond Issuance Planning for the City of Ames
Jon and Bob,
We have wrapped up our preparation for the FY 13/14 Budget and are preparing budget documents to go to City
Council next Friday, February 1. Planned G.O. issue for the upcoming year is provided below. As in the past
years we would like to hold the public hearing and pass a pre-levy resolution as part of the budget process. Our
final budget hearing will be on March 5 and other meetings will be according to our regular schedule.
I have discussed my concern with Jon that we may need funds for the library project earlier than our typical
issuance time. We will know more about the library project funding needs by mid-February, but at this point we
are looking at a May.2013 sale and June close. This would also allow for a current refunding for two issues with
small amounts remaining to be wrapped in to our regular issue at minimal additional cost. We can adjust the
planning process as needed.
Please give me a call if you have any questions.
Thanks,
Duane
Pre-Levy Debt Service amount is $1,510,420
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2013/2014 CIP G.O. ISSUE
Resource Recovery Improv. (Abated) $ 1,355,370
Collector Street Pavement Improvements 420,000
CyRide Route Pavement Improvements 2,000,000
Downtown Street Improvements 1,000,000
Concrete Pavement Improvements 1,185,000
Asphalt/Seal Coat Street Rehabilitation 470,000
Arterial Street Pavement Improvements 825,000
Grand Avenue Extension 300,000
Subtotal Debt Issue $ 7,555,370
Library Expansion/Renovation (Referendum) 13,479,000
Total Debt Issue $ 21,034,370
Duane Pitcher, CPA, CPFO
Director of Finance
City of Ames
515.239.5114 main 1515.239.5320 fax
dpitcher@city.ames.ia.us I City Hall,515 Clark Avenue I Ames, IA 50010
www.CityofAmes.org I -Caring People-Quality Programs-Exceptional Service
file://C:\Documents and Settings\diane.voss\Local Settings\Temp\notesElEF34\—web5374... 1/25/2013