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CC Work Session 2. 1. <br />Meeting Date: 01/22/2019 <br />Information <br />Title: <br />Discuss Funding Options for Possible Public Works Campus <br />Purpose/Background: <br />The construction of a public works campus has been in the City's Capital Improvement Plan (CIP) since 2006. In <br />2015 a Public Works Space Needs Study was completed by the BKV Group. A copy of the study is attached. <br />In this 2015 study, BKV quoted an estimated 2017 construction (including soft costs) of approximately <br />$12,843,000. A 5% annual inflationery estimate has been used to determine a 2020 construction estimated cost of <br />approximately $15,000,000. <br />Stacie Kvilvang, the City's Finance Consultant from Ehlers and Associates will present possible funding options <br />(bonding/internal borrowing) if the public works campus is to be constructed. <br />Timeframe: <br />30-45 minutes <br />Funding Source: <br />Responsible Party(ies): <br />City Administrator & Finance Director <br />Outcome: <br />Review funding options of a possible public works campus, and identify next steps for the Public Works campus <br />proj ect. <br />Attachments <br />PW Space Needs Study <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 01/17/2019 03:59 PM <br />Form Started By: Diana Lund Started On: 01/17/2019 11:12 AM <br />Final Approval Date: 01/17/2019 <br />