HomeMy WebLinkAbout105-00 RESOLUTIONRESOLUTION NO.105-00
lVITCROFILMED
A RESOLUTION AUTHORIZING THE MAYOR OR HIS
REPRESENTATIVE TO PROCEED IN SEEKING PROPOSALS
FOR VARIABLE RATE DEMAND BOND OBLIGATIONS FOR
USE IN PROVIDING INTERIM FINANCING FOR THE
WASTEWATER TREATMENT PLANT EXPANSION.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS•
Section 1. That the City Council hereby authorizes the Mayor or his representative to
proceed in seeking proposals for variable rate demand bond obligations for use in providing interim
financing for the wastewater treatment plant expansion. A copy of the proposed specifications is
attached hereto marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 1st day of August , 2000.
t0 2,ei,
• APPROVED:
By:
By:
Fred Hanna, Mayor
1
NAME OF FILE:
CROSS REFERENCE:
Date
Contents of File Initials
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FAYETTEVLLE
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENTAL CORRESPONDENCE
1
TO: Mayor Fred Hanna and City Council
FROM: John Maguire, Administrative Services Director
DATE: July 20, 2000
SUBJECT: Wastewater Treatment Plant Expansion Project
City Council is requested to authorize the Mayor or his representative to proceed in seeking
proposals for variable rate demand bond obligations for use in providing interim financing for the
wastewater treatment plant expansion, . The authority is limited to seeking proposals from
financial institutions. The wastewater treatment plant expansion project is estimated to cost
approximately $89.8 million. Currently, the City has expended/obligated approximately $7.5
million in a sewer system study, equipment purchases for the Paul Noland plant, land purchased
for a new wastewater treatment plant in the Illinois River basin and preliminary engineering
contracts for improvements recommended in the sewer system study. Any request to issue bonds
or any other debt instrument would be brought to City Council for specific authorization.
STAFF REVIEW FORM •
X AGENDA REQUEST
CONTRACT REVIEW
GRANT REVIEW
For the Fayetteville City Council meeting of n _
FROM: J TA F
John Maguire Admin. Administrative F=0h0
Name
Division Department
ACTION REQUIRED: Refer to attached description.
COST TO CITY:
Cost of this Request
Account Number
Project Number
Category/Project Budget Category/Project Name
Funds Used To Date Program Name
•
Remaining Balance Fund
BUDGET REVIEW:
Budgeted Item _ Budget Adjustment Attached
Budget Coordinator Administrative Services Director
CONTRACT/GRANT/LEASE REVIEW: GRANTING AGENCY:
Accounting Manager Date ADA Coordinator Date
City Attorney Date Internal Auditor Date
Purchasing Officer Date Grant Officer Date
STAFF RECOMMENDATION:
Division Head
1010-
t
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nt
7/
a
Mayor Date
Date
Cross Reference
New Item: Yes No
Prev Ord/Res 0:
Orig Contract Date:
STAFF REVIEW FORM
Page 2
Description Meeting Date
Comments:
Budget Coordinator
Reference Comments:
Accounting Manager Reference Comments:
City Attorney Reference Comments:
Purchasing Officer Reference Comments:
ADA Coordinator Reference Comments:
Internal Auditor Reference Comments:
Grants Offcier Reference Comments:
•
RESOLUTION NO.105-00
A RESOLUTION AUTHORIZING THE MAYOR Olt HIS
REPRESENTATIVE TO PROCEED IN SEEKING PROPOSALS
FOR VARIABLE RATE DEMAND BOND OBLIGATIONS FOR
USE IN PROVIDING INTERIM FINANCING FOR THE
WASTEWATER TREATMENT PLANT EXPANSION.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1. That the City Council hereby authorizes the Mayor or his representative to
proceed in seeking proposals for variable rate demand bond obligations for use in providing intenm
financing for the wastewater treatment plant expansion.A copy of the proposed specifications is
attached hereto marked Exhibit'"A" arid.made a part hereof.
PASSED AND APPROVED this 1st day of 'August , 2000.
t/ 7E / •\
1.- r
tr
•
1
By:
�Heather Woodruff, City rk
APPROVED:
By:
"14444/
Fred Hanna, Mayor