HomeMy WebLinkAbout~Master - 2022 Drinking Water SRF Loan, Old Water Plan Demolition E
801 Grand Avenue 515-724-5734
Suite 3300 515-243-6994 fax
0 pfm Des Moines, IA 50309 www.pfm.com
City of Ames, Iowa
2022 Drinking Water SRF Loan
Preliminary 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
May 10, 20221 %• Council approval to place plans and specs on file City
(Council Meeting) j
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
`✓�� 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)
June 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
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ne 28, 2022 • Review bid summary and adopt resolution awarding contract City 00
ouncil Meeti
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Jul 12 2022 • Final construction loan application complete and read for City City /
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Council approval
July 12, 2022 • Adopt resolution approving and authorizing a form of loan and City
disbursement agreement, and authorizing and providing for the
issuance of$3,500,000 Water Revenue Bonds (SRF loan)
• Approval the form of tax exemption certificates
Prepared by PFM Financial Advisors LLC Page 1 of 2 May 19, 2022
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801 Grand Avenue 515-724-5734
Suite 3300 515-243-6994 fax
0 PfM Des Moines, IA 50309 www.pfm.com
Date Action Item Responsible Party
July 21, 2022 . Submit final construction loan application for IFA Board City
(Not later than) approval (2 weeks prior to IFA board meeting)
August 4, 2022 ? a IFA Board approval of construction loan application IFA
On or after . City issues notice to proceed, start construction City
Aug 5, 2022
August 11, 2022 e Send resolutions to City Dorsey
• 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 . Closing and delivery of funds (always on a Friday) City, Dorsey, IFA
• Issue IRS Form 8038G
Prepared by PFM Financial Advisors LLC Page 2 of 2 May 19, 2022