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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: August 24, 2014 <br />Requested By: Michael Dolbv, Director of Finance <br />Department: FINANCE <br />Report: Resolution: XX Ordinance: <br />Exhibits: <br />Exhibits: <br />Appropriation <br />Source of Funds: N/A <br />Account Number: NA <br />Amount Budgeted: <br />Amount Requested: NA <br />Budgeted Item: <br />SUMMARY & RECOMMENDATION <br />During Council budget workshops, Staff presented several key infrastructure improvement projects which <br />require funding. The projects identified for this year are; <br />Fairmont Elevated Tank Interior Re Coating 140,000 <br />Construct Catlett/Belfast/Piney Brook/Carlow Utility Improvements 1,750,000 <br />Construct Scotchmoss Utility Improvements 1,100,000 <br />Lomax Lift Station Design 195,000 <br />Fairmont Park Elevated Tank Painting 475,000 <br />Elevated Water Tanks 210,000 <br />Construct W D St and S 41" 650,000 <br />Total Expenditures & Commitments $4,520,000 <br />At this time staff is requesting to move forward with funding the projects through a certificate of obligation <br />and we are requesting permission to publish a notice of intent to issue debt in a newspaper which is of general <br />circulation within the City, for two consecutive weeks. The date of the first publication to be a least thirty- <br />one days (31) before date set as passage of ordinance authorizing the sale. <br />Action Required by Council <br />Consider approval or other action regarding a resolution authorizing publication of a notice of intention to <br />issue certificates of obligation, distribution of a preliminary official statement, and other matters relating <br />thereto. <br />Approved for City Council Agenda <br />Corby Alexander, City Manager <br />Date <br />