HomeMy WebLinkAbout2017-04-03-Resolutions 17-173_Reimburse for Expenditures - Declare Official IntentTHE CITY OF WAUKEE,IOWA
RESOLUTION 17-173
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 THEAUTHORITYOF THE CITY OF WAUKEE,IOP'A
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 Regulationl.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 aniount of borrowing
requrre orsevera o t eat ac e proIecs.suc gransareno rec
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 3'day of April,2017.
Attest:
liam .Peard,Mayor
Rebecca D.Schuett,City Clerk
ROLL CALL VOTE
Anna Bergman
R.Charles Bottenberg
Brian Harrison
Shelly Hughes
Larry R.Lyon
AYE
X
X
X
NAY ABSENT ABSTAIN
X
Exhibit "A"
Reimbursement Resolution -April 3,2017
project
180/Grand Prairie -Land/WDSM
RRVTTrailhead Improvement
Windfield/High School Trail-Phase I
Grand Prairie Parkway Enhancements -Phase I
Esker Ridge/Grand Prairie Traffic Signals
Developer Lane Additions -2017
Kettlestone Street Light Reimbursement -2017
Dog Park —Phase I
Kettiestone Street Light Reimbursement -2018
Aiices Road -University to Olson -Phase IV
Little Walnut Creek Drive Paving
Westgate /I-lickman Traffic Signals
Entrance Signs -Douglas /Hickman /University
Developer Lane Additions -2018
Ambulance Chassis /Box Remount
Fox Creek Sewer —Phase II
NW Area Trunk Sewer -Phase I
NW Area Trunk Sewer —Phase II
SW Area Trunk Sewer -Phase I
Little Walnut Creek Headwaters Greenway
City Hall/Library/LA Grant BioSwale/Bio Retention
Sugar Creek Streambank Stabilization
Advancing Fund
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Capital project
Capital Project
Capital Project
Capital Project
Capital Project
Capital Project
Sewer
Sewer
Sewer
Sewer
Storm Water
Storm Water
Storm Water
Estimated
Project Cost
450,000
200,000
150,000
1,000,000
250,000
500,000
100,000
250,000
100,000
9,800,000
875,000
450,000
150,000
500,000
165,000
750,000
1,300,000
1,100,000
1,410,000
360,000
719,725
170,000
Amount to
Borrow
450,000
200,000
150,000
1,000,000
250,000
500,000
100,000
250,000
100,000
7,900,000
875,000
450,000
150,000
500,000
165,000
750,000
1,300,000
1,100,000
1,410,000
360,000
719,725
170,000
Estimated Date
of Completion
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spnng 2017
Spnng 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
Spring 2017
NW Area Trunk Sewer —Phase ill
Copeland Trunk Sewer -Phase I
Little Walnut Creek Sewer —Phase II
Fox Creek Sewer -Phase III
South Outfall Sewer
DSMWW/Xenia Water Main Purchase
Sewer
Sewer
Sewer
Sewer
Sewer
Water
650,000
230,900
2,000,000
1,200,000
6,800,600
3,000,000
650,000
230,900
2,000,000
1,200,000
6,800,600
3,000,000
Fiscal 2018
Fiscal 2018
Fiscal 2018
Fisca I 2018
Fiscal 2018
Fiscal 2018
Developer Lane Additions -2019
Kettlestone Street Light Reimbursement -2019
Alices Road -Oison to North of HyVee -Phase V
SCBA Bottle Replacements
Wastewater Treatment Plant Demolition
Capital Project
Capital Project
Capital Project
Capital Project
Sewer
150,000
600,000
150,000
600,000
3 500,000 S 500,000
9 100,000 9 100,000
S 13,500,000 5 11,100,000
Spring 2019
Spring 2019
Spring 2019
Spring 2019
Fiscal 2019