City Council

MEETING NOTICE AND AGENDA Sand Springs City Council January lO, 2018‑ 11:30 a,m, Case Community Center ‑ Room ABC IO5O West Wekiwa Road Sand Springs, Oklahoma 74063 WWW,Sandspri nasok.o「q l , Ca= to Order Timre 3" 謙語霊鴬豊…精一霊rio. 2O18 and Gonora‑ Ob一一qatlon 」一mItod TaJt Bond Counsei Jchn Weidman wiIi p「esent the Gene「ai Ob噂ation Bond, Series 2018 and Generai Obiigation Llmited Tax Bonds, Series 2018 schedule fo「 Councii s 「eview and lnformatien. ¶his item is fo「 informationaI purposes only. 4・ #語暴悪藍豊富嵩諾嵩nd Gener.一Ob一一R〃t]on 」一m間Tar CounciI may review and conside「 app「oval of the p「oposed GeneraI ObIigation Bond, Series 2018 and Gene伯I Ob噂ation Limited Tax Bonds, Series 2018 PrOjects prio「fty list. (P「esented by: City Manage「 EilZabeth Gray and Directo「s) Motien Se∞nd 5. FY19 Budaet CaIendar Finance DIreCtO「 Ke叩y Lambe「son wiil p「esent the FY19 Budget Calendar fo「 Counc= s 「eview and information. This item is fo「 informationai purposes only. 6, Communitv Enhancement Proiects ‑ Uodate City Manager Elizabeth Gray wiiI prowide a brief update 「egarding the cu「rent Community Enhancement p「Qjects. 丁hIS item is for informationaI pu「poses. d'gital diSPlay boa「d located ln the tobby of the Sand Spnngs MuniCIPaI Bullding, 100 East B「oadway, Sand Sp…gS, OkIahoma 74063, by Janl∞ L Almy, Crty Clerk 〃↑「 圏国 Janice L Almy, Crty C  Agenda Item # C-4 園 Sand Springs O K L A H O M A SUBJECT: DiSCUSSION AND POSSIBLE ACTiON iN REGARD TO SETTiNG PRIORITES FOR THE GENERAL OBLIGATION BONDS, SERIES 2018 AND GENERAL OBLIGATION L=VllTED TAX BONDS, SERIES 2018 SALES STAFF RECOMMENDATION: Staff 「equests direction and app「OVai of a Bond P「io「ity List from the CIty Counc= in 「egard to thiS item. EXECUTIVE SUMMARY: in o「de「 to stay beIow the councii m=iage 「ate of 13 miiis, OnIy $10,750,000 of the VOte「 aPP「OVed bond package can be issued du「ing 2018. Staff has 「eviewed the d肝e「ent p「Qjects, With a 「eview of the time iine invoIved fo「 each project, the anticipated design 「equi「ements, and the savings that couid occu「 with ea「ly funding of some PrQjeCtS, and compiied the attached iist to be inciuded within the p「oposed app「OVai that Wiii be on the Janua「y 22, 2018 councii agenda. Staff w川p「ovide info「mation and backg「Ound fo「 each of the items, but 「ecommends app「ovai of the fo=owing Gene「aI Obiigation Bond, Se「ies 2018 and Gene「ai Ob=gation Limited Tax Bonds, Se「ies 2018 P「io「ity list fo「 the 2018 bond saIe: PROPOSITiON l : 645,000 PROPOSITION 2: 2,070,000 PROPOSiTiON 3: 1 ,547,500 PROPOSiTiON 4 307,500 PROPOSiTION 5: 6,180,000 TOTAL l O,750,000 The attached sp「eadsheet outiines the specific p「Qiects within each proposition and each can be 「eviewed and 「ea「「anged as dete「mined by counci上A= p「ojects that a「e not incIuded within the initiaI issue can be funded as needed by existing 「eserves With te面bu「sement f「om the next bond saie in app「oximateiy 1 8 months.  64与,000 2, 860,000 2,070,000 200,000 1,与47,与00 2,217,与00 307,与00 2,317,与00 6, 180,000 73与,000 S宣O,7与0.000 S 8,3事0,000 S S ‑ * p「e‑funding ;412,000 wlth WW U胡ty Fund net assets, reimbu「se w‑th second 「Ound bonds. ** Pre‑funding ;300,OOO with River West 「eserved fund baiance, reimburse with second ro…d bonds.  C-5 ACTiON BU G各丁O「Fic各 とADしi軸と PrepareFY19revenueestlmatesandFY18reve11ueP「dyectIon8fora=funds 肌 I丁uesd種y) PrepareFY19prellmlnaiy(base)budgctes館matefo「operatIのgfunds NIA (噺daY) FinanceComm耽eemeetlngtodiscus3budgetp「ocessandscheduie NIA (Wednesday) Meetingwit11CftyManage「todlscussupcomingDeptHeadmessageandbudgetinput 肌 (巾u鴫daY) BudgetpfanringfaIrw請invitatlonstoboards ∞mmissions generaIpul iicfo「inp血 CftyCouncll/ 軸いl (調onday) MA 〈調onday) Depa巾nent「equestedbudget$ubm請tedtoBudgetO鯛ce MA (Monday) 叩A (調ondav) Pre=minaryDeptHeadmeetIngswithBudgctO簡cer MA (丁huトF巾) CftyManage「meetingswmDepartmentHead8 博A lTue‑WedI 叩A (Wednesday) Prepa○○dra競FlscaIYea「2O19budgetd∝ume巾fo「allfunds 甘ud9債0簡ce「 NIA 同u手巾ur) Pub"shnotlceofbudget11earIng&havedra償budgetsavaiiabIetopublicinCftyCIerksi o簡ce BudgetO用Cer/ M arch9,2018 (F轟寄aγ) NIA 調○○19,2018 (調onday) NIA (Wednesdav) BudgetRevlewMeetings(addtiiCo…Climembe購) 博A 調 鴫h22,2018 丁hu隠daY) PreparebudgetmeesageandPropo$edBudget$ummarie80frove…esby$our∞・ 戸 日udetO簡ce「 鴫h21,2018 edhesday) SummaryOfexpenditureby epa e 8um ty 9 PrepareF'n種iP〃OPOsedBudge置8ummarIesof噌Venuesby$OurCe 8ummaryof (Wedne8day) expend請uretrydepartmenlto8ubmittoCftyCo肌CjI B耳dgetO簡ce「 (軸onday) C叫Councl〃 A可I23,2018 C町議anag〇㌦ (調onday) Pmt&F"eadol]tedbudgetwithOklahomaS也teAud競orsO簡ce. Ju∩el,2018 I皿u庵daγ) 「: tyCouncii Ju調e18‑Pub 巾9 p(○○n itorsOHlce  C-6 Notes ∴ ∴ ・ ∵ ∵∵ ∵ Budget: Highway Co「「idor Cleanup S 330,000 00 T「ee/ bluffclea…g done, WO「klng On fencIng Landscape Hot Spots 10,000 00 Funded ln COn」UnCtion wlth GO bonds MuraIs (Sllo and othe「) 与9,与00.00 Downtown mural to begIn beg of2018 Park RevltallZation (Rodeo) 10,000 00 On hoId untl1 3‑1 when Rodeo vacates GO Bond desIgn/consuIting 与0,000.00 Contract w/ RL Shea「s FountalnS @ RIVerWest 与0,000.00 Waiting on design pians Case Cente「 Ha「dened Rm 1与2,00○ ○0 Waltlng On COntraCt from contracto「 Econ lncent‑ Stone Villa 43,与00.00 Waltlng O= finaI plat Econ lncent‑ Rada「 P「ope「ty 10,000.00 Titie opiniOn, abstract Econ lncent‑ Pa「ke「 P「operty 6,000.00 Property pu「chase, tltle opinion, abstr∂Ct River West Memorial 1与0,000 00 Waiting On deslgn Plans She用eld C「osslng Expenses 28,627.00 Abst「act′ title work′ etC 「eiated to SC purchase Totai Proje⊂tS Budgeted S 899,6之7,00