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Agenda - Council Work Session - 03/27/2018
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Agenda - Council Work Session - 03/27/2018
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3/17/2025 2:47:16 PM
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3/28/2018 12:05:07 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
03/27/2018
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APPENDIX A <br />PROJECT COSTS <br />(Capital Expenditures to be funded with Bond Proceeds) <br />The 2015 capital expenditure of approximately $1,680,100 for the City's portion of reconstruction of <br />Garnet Street & 1681h Avenue and overlay of streets in Hy -10 Ramsey, Northfork Highlands, <br />Northfork Oaks, Northfork Point, Pondvale Estates, Pondvale Estates 2nd and Rolling Green is to be <br />funded with $1,775,000 in bond proceeds. <br />Total Issue Sources And Uses <br />Dated 05/01/2015 1 Delivered 05/01/2015 <br />Street Issue <br />Reconstruction Overlay Summary <br />Sources Of Funds <br />Par Amount of Bonds $1,095,000.00 $680,000.00 $1,775,000.00 <br />Total Sources $1,095,000.00 $680,000.00 $1,775,000.00 <br />Uses Of Funds <br />Total Underwriter's Discount (1.200%) <br />13,140.00 <br />8,160.00 <br />21,300.00 <br />Costs of Issuance <br />24,059.15 <br />14,940.85 <br />39,000.00 <br />Deposit to Capitalized Interest (CIF) Fund <br />19,857.50 <br />12,333.75 <br />32,191.25 <br />Deposit to Project Construction Fund <br />1,036,000.00 <br />644,100.00 <br />1,680,100.00 <br />Rounding Amount <br />1,943.35 <br />465.40 <br />2,408.75 <br />Total Uses $1,095,000.00 $680,000.00 $1,775,000.00 <br />Ehlers & Associates, Inc. Page 5 <br />
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