Memorandum
City of Lawrence
Utilities Department
|
TO: |
Dave Corliss – City Manager Casey Toomay – Assistant City Manager Diane Stoddard – Assistant City Manager |
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FROM: |
Beth Krishtalka - Assistant to Utilities Director |
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CC: |
Dave Wagner – Director of Utilities Mike Lawless – Deputy Utilities Director Philip Ciesielski – Assistant Utilities Director Bryan Kidney – Finance Director |
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DATE: |
March 3 , 2015 |
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RE: |
Resolution No. 7107 Authorizing Water & Sewer Financing for 2015 CIP Projects |
Background
The water and wastewater projects below were included in the water and wastewater master plans reviewed by the City Commission on March 12, 2013. Staff proposes revenue bond financing for these projects, with repayment from revenues from the water and wastewater fund. An estimated $2.0 million in cash may also be used to finance 2015 projects.
The projects include some or all of the following activities: study, design, property acquisition, construction, and construction services.
|
Water Projects |
2015 |
|
Watermain Assessment, Relocation, Rehabilitation, Replacement |
$4,096,900 |
|
Clinton Intake |
$517,400 |
|
Clinton Plant and Kaw Plant Maintenance and Improvements |
$1,449,300 |
|
Taste and Odor/Clinton Process Improvements |
$4,500,000 |
|
Total Water |
$10,563,600 |
|
Wastewater Projects |
2015 |
|
Rapid Inflow/Infiltration Reduction Program |
$2,514,000 |
|
Sewer Rehabilitation, Assessment, CIPP, Manholes, Relocation, and Replacement |
$949,900 |
|
General Improvements to Kansas Wastewater Treatment Plant and Various Pumping Stations |
$432,700 |
|
Total Wastewater |
$3,896,600 |
|
Combined Total: |
$14,460,200 |
In addition to the project costs above, issuance costs and a debt service reserve will need to be included in the project authorization. As a result, it is recommended that the City Commission adopt Resolution No. 7107, authorizing the amount of $17,400,000 to fund the 2015 projects in the water and wastewater master plans, pay for issuance costs, and establish a debt service reserve fund.
The Resolution must be published and a 15-day protest period must expire prior to the execution of any construction agreements to begin the projects.
Action
Adopt Resolution No. 7107, authorizing the amount of $17,400,000 to fund the 2015 projects in the water and wastewater master plans, pay for issuance costs, and establish a debt service reserve fund.