Consent 1.H.
Regular City Council Meeting
- Meeting Date:
- 07/08/2013
- TITLE
- Authorizing the Issuance and Calling for a Negotiated Sale for Sidewalk Bonds
- PRESENTED BY:
- Patrick M Weber
- Department:
- City Hall Administration
Presentation:
Information
PROBLEM/ISSUE STATEMENT
Two sidewalk projects, WO 10-27 and WO 12-02, will be pooled together for a bond sale. WO 10-27 consists of curb and gutter, sidewalk, drive approaches and street widening on Central Avenue from 29th St W to 32nd St W. WO 12-02 is for miscellaneous improvements done at various locations throughout the City. The total amount of the bonds will be approximately $305,000. 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 financing source
FINANCIAL IMPACT
The financial impact will be determined after the bond sale.
RECOMMENDATION
Staff recommends that the Council approve the attached resolution that authorizes a negotiated sale for the indicated projects.