HomeMy WebLinkAboutA001 - Schedule of Events 801 Grand Avenue 515-724-5734
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# 1 1 Des Moines, IA 50309 www.pfm.com
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City of Ames, Iowa P(aT�
2022 Drinking Water SRF Loan
Schedule of Events
Date Action Item Responsible Party
May 2022 . Finalize proposed SRF debt service schedule City, PFM
• Update water pro forma analysis for IFA
May 10, 2022 • Engineer sends Council agenda item to City to place plans and City
specs on file and issue project for bid
/Ma ,-2,0022—, • Council approval to place plans and specs on file City
Council Meeting)
May 19, 2022 • Send resolutions to City setting a public hearing Dorsey
May 24, 2022 • Adopt resolution fixing date for a meeting on the authorization City
of a loan and disbursement agreement and the issuance of
t NTE $3,500,000 Water Revenue Bonds(SRF loan)for
June 14, 2022
+ Publish notice of meeting on the matter of issuance of NTE
$3,500,000 of Water Revenue Bonds (not less than 4 days nor
more than 20 days)
J ne 14, 2022, Hold public hearing on the proposed issuance of NTE City
'�� $3,500,000 Water Revenue Bonds (SRF loan)
• Adopt resolution instituting proceedings to take additional
action for the authorization of a loan and disbursement
agreement and the issuance of NTE$3,500,000 Water
Revenue Bonds(SRF loan)
• City Council approval of final construction loan application
June 15, 2022 • Bid opening City
June 28, 2022 • Review bid summary and adopt resolution awarding contract Cit� D L�
_(Council / ei
July 12, 2022 • Final construction loan application complete and ready for City City
` Council approval � a
Jul 20, 2022 U
Y Submit final construction loan application for IFA Board City
' -(Not later than) approval (2 weeks prior to IFA board meeting) '
Prepared by PFM Financial Advisors LLC Page 1 of 2 July 6, 2022
801 Grand Avenue 515-724-5734
^} Suite 3300 515-243-6994 fax
0 P 1 1 1 Des Moines,IA 50309 www.pfm.com
Date Action Item Responsible Party
Jyly-26�1�022 • Adopt resolution approving and authorizing a form of loan and City, Dorsey
C disbursement agreement, and authorizing and providing for the(
issuance of$3,500,000 Water Revenue Bonds (SRF loan)
• Approval the form of tax exemption cerfificates
August 3, 2022 . IFA Board approval of construction loan application IFA
On or after • City issues notice to proceed, start construction City
Aug 4, 2022
August 11, 2022 • Send resolutions to City QMey
• Update IUP for final construction loan amount City PFM
August 12,2022 • Dorsey sends closing documents to IFA(2 weeks prior to Dorsey
(Not later than) closing)
August 26, 2022 i-*-"Closing and delivery of funds (always on a Friday) City)Dorsey, IFA
ly Issue IRS Form 8038G
Prepared by PFM Financial Advisors LLC Page 2 of 2 July 6, 2022