HomeMy WebLinkAboutA017 - Email from Dorsey & Whitney dated December 16, 2020 0 �, I�3
SKID Ir
Voss, Diane t4
From: Josten.Robert@dorsey.com
Sent: Wednesday, December 16, 2020 10:01 AM
To: Pitcher, Duane; gerlachs@pfm.com
Cc: Wisecup, Roger;Voss, Diane; hammond.emily@dorsey.com
Subject: RE: [EXTERNAL] SRF Loan Final Disbursements and Sponsored Project
[External Email]
While no Council action will be needed in order to close the original loan, Council will need to set date for and hold a
hearing on the additional funds. I will ask my "SRF specialist" to check with IFA staff to find out the best way to put this
together.
Robert E.Josten. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DORSEY & WHITNEY LLP
801 Grand Suite 4100
Des Moines, IA 50309-8002
F: 515.283.1060 Cell: 515.556.8186
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From: Pitcher, Duane <duane.pitcher@cityofames.org>
Sent: Wednesday, December 16, 2020 9:20 AM
To:Josten, Robert<Josten.Robert@dorsey.com>; Susanne Gerlach - Public Financial Management (gerlachs@pfm.com)
<gerlachs@pfm.com>
Cc: Wisecup, Roger<roger.wisecup@cityofames.org>;Voss, Diane<diane.voss@cityofames.org>
Subject: [EXTERNAL] SRF Loan Final Disbursements and Sponsored Project
Bob and Susanne,
Questions on SRF action.
In October 2018 we entered into a $5.71M SRF loan agreement for sanitary sewer improvements. We've finished the
project and are ready to sign the certificate of final loan balance, it came in lower at$5,206,055.19. 1 assume we can
proceed on this without additional council action, please confirm.
We also have an amendment to the loan for a sponsored project in the amount of$375,000. What action will we need
with council for the sponsored project amendment?
Thanks,
Duane
Duane Pitcher, CPA, CPFO
Director of Finance
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