Title
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF $950,000 OF NOTES, IN ANTICIPATION OF THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING COSTS OF ACQUIRING, REMODELING, RENOVATING, FURNISHING, EQUIPPING AND OTHERWISE IMPROVING A BUILDING, AND ACQUIRING, CLEARING, IMPROVING AND EQUIPPING ITS SITE, FOR USE AS A NEW CITY HALL TO HOUSE MUNICIPAL OFFICES AND FUNCTIONS; AND DECLARING AN EMERGENCY.
Brief Description: This ordinance authorizes the financing of the additional cost of improvements to the new city hall.
Body
Legislative History
Ordinance 18-162 - Authorized the issuance of $5,650,000 in bonds for the purchase and renovation of the new city hall
Resolution 19-33 - Authorized contract with Augere Construction Company for the city hall renovation project
Purpose & Explanation
The purpose of the resolution is to authorize the financing of the increased cost of improvements to the new city hall. The increased costs were due to construction bids coming in higher than the engineer’s original estimate. The project was re-bid and bids came in even higher due to increased labor costs as a result of skilled labor shortage and limited contractor availability.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: NA
Joint or Cooperative Purchase Program
Professional Services
Other [provide explanation]
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X Appropriation Not Required
Does this legislation require use of an emergency clause?
X Yes This will allow us to sell the note competitively and secure funding by year end.
No
Recommendation
Suggested Action
Staff recommends passage of the ordinance on first reading.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Asst City Manager-Finance Director