Title
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF NOT TO EXCEED $5,000,000 OF NOTES, IN ANTICIPATION OF THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING COSTS OF REMODELING, RENOVATING, ENLARGING, FURNISHING, EQUIPPING AND OTHERWISE IMPROVING THE CITY’S FIRE/EMS FACILITY INCLUDING CONSTRUCTING A NEW DETACHED GARAGE BUILDING ON, AND CLEARING, IMPROVING AND EQUIPPING, THE SITE.
Brief Description: This ordinance allows for the financing of the remodeling/renovation of the Fire/EMS facility.
Body
Legislative History
Resolution 24-102 authorized a professional services contract with K2M to complete a fire and EMS staffing and facility needs study
Resolution 25-109 authorized a professional services contract with K2M to design the fire and EMS facility renovations
Ordinance 25-135 authorized issuance of $5,000,000 in notes for the construction cost of the fire and EMS facility renovations and new detached garage
Purpose & Explanation
The purpose of this ordinance is to allow for the re-issuance of notes to finance the remodeling and renovation of the existing building and the cost of new garage for Fire and EMS. The cost of construction of the new garage and related storm water management is not known at this time so we will roll the notes for one year with the expectation of making them part of a larger bond next year.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: [Yes/No/NA])
Joint or Cooperative Purchase Program
Professional Services
X Other
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X Appropriation Not Required
Does this legislation require use of an emergency clause?
Yes [if so, explain why]
X No
Recommendation
Suggested Action
Staff recommends approval of the Ordinance to allow for timely issuance of the notes.
Submitted by,
Thom Sheridan, City Manager
Jeff Knoblauch, Asst. City Manager/Finance Director