CIP Projects
.
..
October 25, 2004
FUTURE G.O. BOND PROJECTS (2005-2008)
1.
2005 Project
North Ohio Overpass/R.R. Grade Separation
Construction Years: 2005-2007
Total Project Cost
~~
~s
. City G.O. Bonds
. Other
2.
2005 Project
North Broadway Project
Construction Years: 2005-2006
~T ot~~C?Ject Cost
. KDOT
. . .0. Bonds
3.
2007 Project
South Ohio Project, Phase 2
Construction Years: 2007
Total Project Cost
~
. KDOT
. . Y G.O. Bonds
-
119.260.000
$12,300,000
$ 1,700,000
$ 5,000,000
$ 260,000
=
=
=
=
=
~2,8]0,QQQ
$ 800,000
$1,800,000
=
=
=
~
$2,400,000
$1,000,000
=
=
.
"
4.
5.
2006 Project
Undesignated: (Possible E. Magnolia Reconstruction)
Construction Years: 2006
Total Project Cost
1:1.300~00
$1,300,000
=
. City G.O. Bonds
=
2005 Project
Undesignated: (Possible Aquatic Facility)
Construction Years: 2005-2006
Total Project Cost
~,OOO
$ 500,000
$2,500,000
=
. City Temp Note
. City G.O. Bonds
=
=
(repaid with sales tax)
($1 million repaid
with sales tax;
$1.5 million in
bonds paid with
bond & interest
tax revenues)
2008 Project
Undesignated: (Possible South 9th Street, Phase 4)
Construction Year: 2008
Total Project Cost
~
$3,500,000
=
. City G.O. Bonds
=
2008 Project
Undesignated: (Possible South 9th Street, Phase 5)
Construction Year: 2008
Total Project Cost
1:1.500.000
$1,500,000
=
. City G.O. Bonds
=
Bu
200
(par
200
200
200
200
200
20'
(pa
~
Tot
*Amoun
dget Year
4
ial year)
5
6
7
8
9
0
rtial year)
ear
I (rounded)
"A"
Total
Generated
by 87.5%
$
700,000
$ 2,008,000
$ 2,048,000
$ 2,090,000
$ 2,132,000
$ 2,174,000
$ 1,706,000
$12.9 million
SPECIAL SALES TAX FUND
87.5% of total generated by %rþ
"B" "C" "0" "E"
To/From Fund Tax Bond/Note
Balance Stabilization Paydown I Contingency
Reserves Component Pool Project
$ -700,000
$
$
0
0
t available for cash financed projects, programs and equipment and projects with costs spread over a maximum of fiv
$ +500,000
$
$
0
0
$
$
$
0
0
0
$
$ -250,000
$ -750,000
0
$
$ -350,000
0
$ -250,000
$
$ -450,000
0
$ -250,000
$ +200,000
$ -550,000
$ -250,000
$1.6 million
$~.5million
$
$ -200,000
$ -100,000
$ -100,000
$ -100,000
$ -100,000
$ -100,000
0
$
. ..
,2004
~ for
ts/
m/
lent
0
000
000
000
000
000
000
e years.
October 25
"F"
Availabl
Projec
Progra
Eauicm
$2,308,
$1,948,
$ 990,
$1,432,
$1,374,
$1,006,
~9,058.000*
f
October 25, 2004
Notes to Special Sales Tax Table
Column "A": Current Finance Director estimates of annual sales tax portion
(87.5%) assigned to the primary special sales tax fund.
Column "B": Reflects planned shifts to or from fund balance reserves to meet
our targets, and the impact on funds available for spending.
Column "C":
Finance Director's estimate of sales tax amount assigned for
transfer to the Bond and Interest Fund for tax stabilization at 4 mills
in that fund, allowing completion of substantial G.O. Bond projects
in the C.I.P. without increasing the current mill levy assigned to the
fund.
Column "0": This column only applies if the Commission approves a $3 million
aquatic facility project or a similar project partially bond financed
and partially sales tax financed. If no such project is approved, this
column is eliminated and the dollar amounts switched to Column
"F".
Column "E": Reflects a small annual contingency designed to cover minor
revenue shortfalls, projects exceeding cost estimates, or smaller
unexpected needs.
Column "F":
Reflects a good estimate of dollars available by year for City
Commission planning and allocation for C.I.P. projects, major
equipment, human services grants, parks and recreation capital
projects, etc.
SALES TAX C,I.P WORKSHEETS
September 2004
2.
AQUATIC FACILITY (POOL)
Description: Replace current outdated municipal swimming pool with a
new facility with modern features (zero depth entry; waterslides; play
features; etc.). Location previously identified as former middle school
football field on Kenwood Drive, across from Oakdale Park. Project could
be planned to have phased future expansion.
Likely project year: 2005-2006 construction
2006 opening year
Estimated total project cost: $3,000,000
. Sales tax required: $1,500,000 (to supplement G.O. Bond payments)
. Project likely to have similar operating deficit to current pool.
Likely sales tax payment schedule:
. Sales Tax
$750,000 (2007)
$250,000 (2008)
$250,000 (2009)
$250,000 (2010)
. G.O. Bond Payments - 15 years
Financing alternative: None identified.
Notes: