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| ORIGINATING DEPARTMENT: |
COUNCIL GOAL: |
| City Manager |
Exercise Financial Discipline |
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ACTION REQUESTED:
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| Resolution |
| LEGAL: |
| Item Reviewed by Legal Counsel |
| SUBJECT: |
Consider motion to adopt RESOLUTION fixing date for a meeting on the authorization of a loan and disbursement agreement and the issuance of not to exceed $3,248,000 Water Revenue Capital Loan Notes of the City of Ankeny, State of Iowa, and providing for publication of notice thereof (date of hrg: 5/1/23 @ 5:30 p.m.).
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| EXECUTIVE SUMMARY: |
| The not to exceed $3,248,000 Water Revenue Capital Loan Notes are being proposed to fund the design and construction of the South Ankeny Boulevard Transmission Main project in the 2023 Capital Improvement Program. |
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FISCAL IMPACT:
Yes |
| The not to exceed $3,248,000 Water Revenue Capital Loan Notes will be payable from and secured by the net revenues of the Water Utility. |
| CITY MANAGER'S RECOMMENDATIONS: |
| Recommend resolution fixing date for a meeting on the authorization of a loan and disbursement agreement and the issuance of not to exceed $3,248,000 Water Revenue Capital Loan Notes of the City of Ankeny, State of Iowa, and providing for publication of notice thereof. |
| PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S): |
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