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Home My WebLink About2026-04-20 Resolution 2026-149_Official Intent to Issue Debt for ReimbursementTHE CITY OF WAUKEE, IOWA RESOLUTION 2026-149 RESOLUTION DECLARING AN OFFICIAL INTENT UNDER TREASURY REGULATION 1.150-2 TO ISSUE DEBT TO REIMBURSE THE CITY FOR CERTAIN ORIGINAL EXPENDITURES PAID IN CONNECTION WITH SPECIFIED PROJECTS IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Iowa is a duly organized municipality within Dallas County; AND, WHEREAS, the City anticipates making cash expenditures for one or more capital improvement projects, generally described and attached hereto as Exhibit A, and hereinafter referred to as "Project"; AND, WHEREAS, the City reasonably expects to issue debt to reimburse the costs of a Project; AND, WHEREAS, the Council believes it is consistent with the City's budgetary and financial circumstances to issue this declaration of official intent. NOW THEREFORE BE IT RESOLVED by the City of Council of the City of Waukee, Iowa: Section 1. That this Resolution be and does hereby serve as a declaration of official intent under Treasury Regulation 1.150-2. Section 2. That it is reasonably expected that capital expenditures will be made in respect of the foregoing Project, from time to time and in such amounts as this Council determines to be necessary or desirable under the circumstances then and there existing. Section 3. That the City reasonably expects to reimburse all or a portion of the foregoing expenditures with the proceeds of bonds, notes or other indebtedness to be issued or incurred by the City in the future. Section 4. That the total estimated costs of the Project, the maximum principal amount of the bonds, notes or other indebtedness to be issued for the foregoing Project and the estimated dates of completion of the Project are reasonably expected to be as follows: See Exhibit A attached *It is intended to seek grants and other contributions to reduce the amount of borrowing required for several of the attached projects. If such grants are not received, it is intended that the costs to be financed will be increased accordingly. Section 5. That the City reasonably expects to reimburse the above —mentioned Project costs not later than the later of eighteen months after the capital expenditures are paid or eighteen months after the property is placed in service. Section 6. That this Resolution be maintained by the City Clerk in an Official Intent File maintained in the office of the Clerk and available at all times for public inspection, subject to such revisions as may be necessary. PASSED AND APPROVED this 20th day of April 2026. Courtne Clarke, Mayor Attest: Aij)414144 Rebecca D. Schuett, ity Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Kala Anderson X Chris Crone X Rob Grove X Lori Lyon X Anna Bergman Pierce X Exhibit "A" Reimbursement Resolution - April 20, 2026 Resolution #2026- 149 Estimated Project Cost Amount to Borrow Estimated Date of Completion Project Advancing Fund Spring Crest Park Capital Project $ 7,000,000 $ 7,000,000 Winter 2027 Painted Woods West Park Capital Project $ 3,000,000 $ 3,000,000 Winter 2026 Centennial Park Improvements Capital Project $ 4,000,000 $ 4,000,000 Spring 2028 Stone Prairie Park Capital Project $ 3,000,000 $ 3,000,000 Winter 2028 Warrior Park Improvements Capital Project $ 4,000,000 $ 4,000,000 Winter 2029 Little Walnut Creek Greenway Trail Capital Project $ 3,000,000 $ 3,000,000 Winter 2028 Raccoon River Valley Trail Capital Project $ 2,000,000 $ 2,000,000 Winter 2028 Kettlestone Greenway Trail Phase 3 Capital Project $ 1,200,000 $ 1,200,000 Winter 2029 Sustainability - Solar Panels- PW/Library/Comm Ctr Capital Project $ 750,000 $ 750,000 Winter 2028 Sustainability - Solar Panels - Public Safety/Fox Creek Capital Project $ 650,000 $ 650,000 Summer 2029 Ladder Truck Capital Project $ 1,900,000 $ 1,900,000 Summer 2028 Ambulance Capital Project $ 670,000 $ 670,000 Spring 2029 Civic Campus Expansion Capital Project $ 3,150,000 $ 3,150,000 Fall 2029 Civic Campus Park Improvements Phase I Capital Project $ 20,000,000 $ 20,000,000 Winter 2029 Old Public Safety Building Refurbish Capital Project $ 7,000,000 $ 7,000,000 Winter 2026 Downtown Redevelopment - Old City Hall Capital Project $ 1,000,000 $ 1,000,000 Spring 2027 5 Warrior Lane Extension Capital Project $ 2,250,000 $ 2,250,000 Fall 2027 Univeristy Ave Extension - Warrior Ln to loth St Capital Project $ 79,000,000 $ 79,000,000 Winter 2029 10th Street Extension Capital Project $ 23,800,000 $ 23,800,000 Spring 2027 N Warrior / Little Walnut Creek Culvert Capital Project $ 6,250,000 $ 6,250,000 Winter 2027 NE Alice's Rd Widening - Phase IA & IB Capital Project $ 5,000,000 $ 5,000,000 Spring 2028 NW loth Street - Phase II Capital Project $ 4,000,000 $ 4,000,000 Winter 2028 NE Alice's Rd & Douglas Intersection Improvements Capital Project $ 1,500,000 $ 1,500,000 Winter 2028 Prairie Bluff Dr Extension Capital Project $ 2,850,000 $ 2,850,000 Winter 2028 Ute Ave Improvements Phase 1 Capital Project $ 6,100,000 $ 6,100,000 Winter 2028 SE Ashworth Widening - Phase II Capital Project $ 13,350,000 $ 13,350,000 Winter 2028 Grand Prairie Parkway Corridor Enhancements Capital Project $ 7,000,000 $ 7,000,000 Winter 2028 Corene Acres Improvements - Phase I & II Capital Project $ 8,715,000 $ 8,715,000 Spring 2029 Entrance Signs - 2027-2029 Capital Project $ 1,500,000 $ 1,500,000 Annually ADA Sidewalk Transition - 2027-2029 Capital Project $ 300,000 $ 300,000 Annually Kettlestone Trail Development - 2027-2029 Capital Project $ 300,000 $ 300,000 Annually Kettlestone Street Light Reimbursement - 2027-2029 Capital Project $ 450,000 $ 450,000 Annually West Area Trunk Sewer - Phase III Sewer $ 2,000,000 $ 2,000,000 Fall 2026 Corene Acres Improvements - Phase I & II Sewer $ 700,000 $ 700,000 Winter 2028 Ashworth Dr Sanitary Extension Sewer $ 200,000 $ 200,000 Winter 2028 Little Walnut Creek Drive Watermain Improvement Water $ 720,000 $ 720,000 Winter 2026 Corene Acres Improvements - Phase I & II Water $ 1,300,000 $ 1,300,000 Winter 2028 Boone Drive Booster Station Rehab Water $ 650,000 $ 650,000 Spring 2027 CIWW Saylorville Expansion Water $ 3,000,000 $ 3,000,000 Winter 2028 Sugar Creek Lane Water Main Installation Water $ 750,000 $ 750,000 Spring 2028 Little Walnut Creek Storm Water Wetlands Storm Water $ 2,200,000 $ 2,200,000 Spring 2027 Sugar Creek Watershed Improvements - Phase I, II & III Storm Water $ 6,450,000 $ 6,450,000 Winter 2028 Citywide Pond Maintenance Storm Water $ 300,000 $ 300,000 Annually