ANKENY CITY COUNCIL

Regular Agenda

May 1, 2017
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Wade Steenhoek, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Resolution
LEGAL:
Item Reviewed by Legal Counsel
SUBJECT:
Proposed $1,735,000 (Subject to Adjustment per Terms of Offering) Water Revenue Bonds, Series 2017B
EXECUTIVE SUMMARY:
The $1,735,000 (Subject to Adjustment per Terms of Offering) Water Revenue Bonds, Series 2017B are being proposed to fund the water projects in the 2017 Capital Improvement Program.  These projects include the Ash Tower Transmission Main, NW Booster Station, NW 18th Street Water Main Extension and SE Magazine Road Water Main Improvements.
FISCAL IMPACT: Yes
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to receive and file report of bids received on May 1, 2017 at 10:00 A.M.

Action: Consider motion to adopt RESOLUTION directing sale of $1,605,000 Water Revenue Bonds, Series 2017B.
ADDITIONAL INFORMATION:
ATTACHMENTS:
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Resolution