Agenda - Council Work Session - 02/27/2007

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,t CITY COUNCIL WORK SESSION Topic Report: Fire Station #2 Replacement By: Dean Kapler, Fire Chief Diana Lund, Finance Director Background: In late 2006, staff presented the Fire Station No.2 Feasibility Report prepared by BKV Group with regard to the short-term and mid-term use of Fire Station No.2 (old City Hall site) and costs for the construction of new Fire Station No.2. The Feasibility Report provided detailed information regarding the three options: . Minimal stabilization of current facility until new construction . Partial demo of facility until new construction . Full demo and new construction Staff was directed to implement parts of the first option and also to obtain bonding scenarios for new construction. Most of the minimal stabilization issues have been completed. Finance Officer Lund will provide the bonding impact information during the work session and the various financing options available to the City for this project. It should be noted that the timeline for this project will need to be included in the update of the Fiscal Impact Study that will be completed later this year, Action Statement: Staff is prepared to discuss the bonding scenarios and their potential impact to the tax rate. Projects such as this typically require approximately 18 months of preliminary effort prior to breaking ground. Staff would also like to discuss potential time lines and the respective financial impacts. CCWS: 02/27/2007