ANKENY CITY COUNCIL

Regular Agenda

April 2, 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:
$6,340,000 (Dollar Amount Subject to Change) Water Revenue Bonds, Series 2018B
EXECUTIVE SUMMARY:
The $6,340,000 Water Revenue Bonds, Series 2018B 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 directing the advertisement for sale of $6,340,000 (dollar amount subject to change) Water Revenue Bonds, Series 2018B, and approving electronic bidding procedures and official statement.
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Resolution
Notice of Bond Sale
Official Statement