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Consent   1.J.
Regular City Council Meeting
Meeting Date:
04/27/2015
TITLE
Resolution Authorizing the Issuance and Calling for a Negotiated Sale for Sidewalk Bonds
PRESENTED BY:
Patrick M. Weber
Department:
City Hall Administration
Presentation:

PROBLEM/ISSUE STATEMENT

Two sidewalk projects will be pooled together for a bond sale. W.O. 15-06 will improve Poly Drive from 32nd Street West to 38th Street West. Improvements will consist of street widening, installation of curb/gutter, sidewalk, drive approaches, and other miscellaneous items. This project will also include assessments to property owners for curb/gutter, sidewalk, drive approach, and driveway improvements for lots which do not already have those improvements. W.O. 14-02 consists of curb, gutter, sidewalk, and storm drain improvements at various locations around the city. It is the continuation of annual improvements that deal with tripping hazards, drainage problems, property owner requests, complaints, and other miscellaneous concrete work brought to the attention of the City Engineer's Office.

The total amount of the bonds will be approximately $310,000. Upon approval of the resolution, the negotiations can proceed for the sale of the bonds.

ALTERNATIVES ANALYZED

The Council may:
  • Approve the resolution; or
  • Not approve the resolution and find another funding source

FINANCIAL IMPACT

The financial impact will be determined after the bond sale.  The interest will be determined during negotiations.

RECOMMENDATION

Staff recommends that the Council approve the attached resolution that authorizes a negotiated sale for the indicated projects.

APPROVED BY CITY ADMINISTRATOR


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