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Date
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June 8, 2009
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Agenda
Item No. 9 Roll
Call No. 09- Communication No.
09-381 Submitted by: Jeb
E. Brewer, P.E., City Engineer and William G. Stowe, |
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AGENDA HEADING:
Approving and authorizing the
execution of Addendum 2001-P-028B to Iowa Department of Transportation Predesign Agreement for the Reconstruction of I-235.
SYNOPSIS:
Recommend approval of Iowa
Department of Transportation (IDOT) Addendum to Agreement No. 2001-P-028B for Reconstruction
of I-235 at no cost. This addendum
delays the city’s loan repayment schedule for the second and third payments by
one year.
FISCAL IMPACT:
Amount: A $6.8 million loan repayment to IDOT will be
delayed one year.
Funding
Source: Repayments were already programmed in the
2009-10 CIP, Page Street Improvement – 20, I-235 Storm and Sanitary Sewer
Improvements, STR197, Storm Revenue Bonds and Sanitary Sewer Fund.
ADDITIONAL INFORMATION:
On
August 31, 2000, the City Council approved a Pre-design Agreement for the
Reconstruction of I-235 with the IDOT.
This agreement detailed responsibilities and funding obligations of both
parties for the relocation of sanitary and storm sewer utilities necessary for
reconstruction of I-235. The agreement
identified reconstruction of sewers along the interstate and sewers carrying
water away from the interstate. The
actual design and construction of these sewers was done by IDOT with the
appropriate City cost share coming from a loan to the City by IDOT at no
interest with the repayment being made in 2008, 2009, and 2010. Most of the work has been completed or
awarded with the exception of the Dean’s Lake Outlet Storm Sewer. This project is to be awarded this winter by IDOT
with construction in 2010. Both IDOT and
the City will share in the construction cost of the project with the City’s
share being approximately $3 million.
The Dean’s Lake Outlet was part of the original agreement and remains a
part of the original agreement under this addendum. The addendum only changes the dates of the
final two loan repayments from 2009 and 2010 to 2010 and 2011. The IDOT Loan carries no interest,
however, the extension of the repayments by one year accomplishes two things
for the City. First, it allows the City
to retain a larger storm and sanitary fund balance and therefore possibly delaying
future bond issuance. Secondly, it
allows the repayment schedule to more closely match the work being done on Dean’s
PREVIOUS COUNCIL ACTION(S):
Date:
October 7, 2002
Roll Call Number:
02-2391
Action: Approving
Iowa Department of Transportation Addendum to Predesign Agreement for design
and reconstruction of I-235 to allow I-235 inspection and materials testing for
sanitary sewer relocation and storm sewer outlet work. (Council Communication No. 02-527). Moved by Hensley to adopt. Motion Carried 5-1-1. Nays: Brooks.
Absent: McPherson.
Date:
August 31, 2000
Roll Call Number:
00-3634
Action: Approving
Iowa Department of Transportation Predesign Agreement
for Interstate 235, from the west City limits to the north City limits. (Council Communication No. 00-411). Moved by McPherson to
adopt. Motion
Carried 4-2-1. Nays: Brooks and
Vlassis. Absent: Flagg
BOARD/COMMISSION ACTION(S): NONE
ANTICIPATED ACTIONS AND FUTURE
COMMITMENTS:
Normal actions for repayment of loan.
For more information on this and other agenda items,
please call the City Clerk’s Office at 515-283-4209 or visit the Clerk’s Office
on the second floor of City Hall,