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Re: Need for prelevy resolution?
Duane R Pitcher
to:
Josten.Robert, gerlachs
02/01/2017 02:08 PM
Cc:
Diane R Voss, Nancy E Masteller, Roger Wisecup, Tina Stanley, Emily Johnson
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From: Duane R Pitcher/COA Sort List...
To: <Josten.Robert@dorsey.com>, <gerlachs@pfn.com>
Cc: Diane R Voss/COA@COA, Nancy E Masteller/COA@COA, Roger Wisecup/COA@COA, Tina
Stanley/COA@COA, Emily Johnson/COA@COA
Bob,
Yes, we will be having a pre-levy again this year. Bond issue will be as follows:
2017/2018 CIP G.O. ISSUE
Grand Avenue Extension $4,000,000
South Duff Avenue Improvements 276,000
Arterial Street Pavement Improvements 620,000
Collector Street Pavement Improvements 950,000
Asphalt Street Improvements 850,000
Downtown Street Improvements 250,000
Accessibility Enhancement Program 125,000
W Lincoln Way Intersection Improvements 450,000
Tax Supported Bonds $7,521,000
We are including $755,575 in our debt service levy to cover these new bonds.
All projects are streets, bridges, sewers. Susanne, please provide estimated issuance cost for the
not to exceed amount.
Dates are:
February 14 - Adopt the pre-levy resolution for our tax levy for new bonds at $755,575, and set
the date of public hearing and notice of intent to issue for March 7.
March 7 - Hold the public hearing
Will work with PFM on the schedule of events, but expect to issue in late summer or early fall.
file:///C:/Users/Diane.voss/AppData/Local/Temp/notesFFF692/—wcb3453.htm 2/1/2017
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Let me know if you need any additional information.
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
-----<Josten.Robe rt(c6dorsey.com> wrote: -----
To: <dpitcher(cbcity.ames.ia.us>, <gerlachs(abpfm.com>
From: <Josten.RObert2dorsey.COm>
Date: 02/01/2017 11:40AM
Subject: Need for prelevy resolution?
Have you determined whether you will want or need a prelevy resolution to meet your budget
needs for the next fiscal year? If so, please send me the purposes and 'snot to exceed" numbers
so I can prepare a resolution setting a date for public hearing.
Thanks very much
Robert E. ]osten
Partner
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Des Moines, IA 50309-8002
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