ANKENY CITY COUNCIL

Regular Agenda

March 19, 2018
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Kelly Whiting, 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 Not to Exceed $6,600,000 Water Revenue Bonds

Initiate Proceedings
EXECUTIVE SUMMARY:
The not to exceed $6,600,000 Water Revenue Bonds are being proposed to fund the water projects in the 2018 Capital Improvement Program.  These projects include the SE Creekview Drive Drainage and Paving Improvements, NW Irvinedale Drive and NW 5th Street Intersection Improvements, Ash Tower Transmission Main, NW Booster Station, SW Irvinedale Drive Transmission Main - Phase 1, Trestle Ridge Estate 24" Water Main, Ash Water Tower Repair and Repaint and Concept and Site Study for Future NW Water Tower.
FISCAL IMPACT: Yes
CITY MANAGER'S RECOMMENDATIONS:
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:

Action: Consider motion to adopt RESOLUTION fixing date for a meeting on the proposition of the issuance of not to exceed $6,600,000 Water Revenue Bonds, of the City of Ankeny, State of Iowa, and providing for publication of notice thereof. (date of hearing: 04/02/18 @ 5:30 p.m.)
ADDITIONAL INFORMATION:
ATTACHMENTS:
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Resolution