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Home My WebLink About2018-03-19-Resolutions 18-110_Reimburse for Expenditures - Declare Official IntentTHE CITY OF WAUKEE,IOWA RESOLUTION IS-110 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 INTHENAMEANDBYTHEAUTHORITYOF THE CITYOF 8'2UKEE,IONIA 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 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 19 day of March,2018. iam F.ear,Mayor Attest: Rebecca D.Schuett,City Clerk RESULTS OF VOTE: Anna Bergman R.Charles Bottenberg Courtney Clarke Shelly Hughes Larry R.Lyon AYE X X X X NAY ABSENT ABSTAIN Exhibit "A" Reimbursement Resolution-March 19,2018 Resolution 818-110 Pro ect Advancin Fund Estimated Pro'ect Cost Amount to Borrow Estimated Date of Com letion Alices Road -Olson to Horizon-Phase V Fox Creek Park-Phase II Westown Meadows Park Sportsfield Rec Complex -Phase I Alice's Historic Distric Park Glynn Village Park Heart of the Warrior Trail Extension Dog Park -Phase I &II Trailhead Expansion Entrance Signs -Phase II Developer Lane Additions-2019 Kettlestone Trail Development-2019 Kettlestone Street Ught Reimbursement-2019 Water Source for Golf Course Irrigation SCBA Replacements Little Walnut Creek Headwaters Greenway City Hall/Library/LA Grant BioSwa le/Bio Retention Sugar Creek Streambank Stabilization NW Area Trunk Sewer-Phase II SW Area Trunk Sewer -Phase I NW Area Trunk Sewer-Phase III Little Walnut Creek Sewer-Phase II Fox Creek Sewer-Phase III South Outfall Sewer NW Area Trunk Sewer-Phase IV Wastewater Treatment Plant Demolition Lift Station 83 Upgrages-Phase I Little Walnut Creek Sewer -Phase III Uttle Walnut Creek Sewer-Phase IV Indi Run Sewer SW Area Trunk Sewer-Phase II West Area Trunk Sewer-Phase I NW Water Main Extension-Phase I 180 Business Park gr Waco Extension NW Water Main Extension-Phase II DSMWW/Xenia Water Main Purchase Future Water Tower land North Business Park Developer Lane Additions -2020 Kettlestone Trail Development -2020 Kettlestone Street Light Reimbursement -2020 Entrance Signs -Phase III Douglas Parkway -Phase II-A Sunrise Drive -Phase II-A 10th Street Improvements 6th Street -Phase I 5Way Intersection improvements Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Capital Storm Storm Storm Sew Project Project Project Project Project Project Project Project Proiect Project Project Project Project Project Project Water Water Water er Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Sewer Water Water Water Water Water Water Capital Project Capital Project Capital Project Capital Project Capital Project Capital Project Capital Project Capital Project Capital Project 5 15,000,0CO 5 11,800,000 3,200,000 700,000 2,C00,000 3,200,00D 7CO,ODO 3,500,000 700,000 7C0,000 80,000 500,000 300,000 150,000 500,0CO 100,000 100,000 175,000 160,000 335,000 170,000 7C0,000 7C0,000 750,000 300,000 150,000 500,000 100,000 100,000 175,000 160,000 335,000 170,COO 5 1,100,000 5 1,410,000 5 650,000 5 1,100,000 5 1,410,000 5 650,000 5 2,000 0002,C00,000 1,200,COO 5 1,200 000 5 6,800,600 6,800,600 3,200,000 750,0CO 375,XO 1,390,0DO 920,XO 340,00D 700,000 1,200,000 2,200,000 1,000,COO 350,000 300,000 500,000 100,0CO 100,0CO 150,XO 2,4CO,ODO 3,0CO,OOO 9,9C0,000 6,400,000 2,5C0,000 3,200,000 750,000 375,000 1,390,000 920,000 340,000 700,000 1,200,000 2,200,000 1,000,000 350,000 300,000 500,000 100,000 100,000 150,000 2,400,XO 3,000,0CO 4,750,000 6,400,000 2,500,0CO Winter 2018 Spring 2019 Spring 2019 Fiscal 2020 Fiscal 2020 Fiscal 2020 Summer 2018 Summer 2018 Fiscal 2019 Fiscal 2019 Fiscal 2019 Fiscal 2019 Fiscal 2019 Fall 2018 Fiscal 2019 Fi seal 2019 Fiscal 2019 Fiscal 2019 Summer 2018 Summer 2018 Summer 2018 Fiscal 2018 Fiscal 2018 Fiscal 2018 Summer 2018 Fiscal 2019 Fiscal 2019 Fiscal 2018 Fiscal 2018 Fiscal 2018 Fiscal 2018 Fiscal 2018 Summer 2018 Summer 2018 Fall 2018 Fiscal 2018 Fiscal 2019 Fiscal 2019 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020 Fiscal 2020