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Monday, May 2, 2016

Council OK's Awaysis bonds

Tuesday, March 22, 2005

Awaysis funding process in place

The Storm Lake City Council Monday held public hearings and passed resolutions approving the sale of a total of $8 million in bonds for Project Awaysis.

First to be approved after a public hearing was a resolution authorizing the sale of not more than $5 million in local option sales for tax bonds which would finance the construction of the indoor water park, a portion of the business district connection, and a portion of the family playground. The bonds would be paid with local option sales tax revenues.

After a second public hearing, the council approved a resolution of the sale of no more than $3 million in general

obligation bonds. Those bonds would finance utility work for Project Awaysis including water, sewer, electric, gas, and storm sewer. Also funded through the bonds would be landscaping, trails paving, sidewalks, and parking. The bonds would be paid with hotel/motel tax and tax increment financing revenues.

The council also approved a resolution calling for the sale and bidding procedures for $5.6 million in general obligation bond issues. That amount includes $3.5 million in bonding approved earlier for the outdoor pool project plus $2.1 million which is covered under the $3 million maximum in general obligation bonding approved Monday.

The Council also held a public hearing and approved an ordinance vacating an east-west alley between West Fourth Street and Iowa Street. The alley has access from College Street and Grand Avenue. The property will be sold to Buena Vista University for a nominal fee. Buena Vista University plans to add approximately 80 parking spots on the property.

In other business, the Council:

*Approved a resolution awarding a bid for the Sale Barn Road/C49 project to Godbersen-Smith Construction Co. of Ida Grove. The bid amount was $569,980.82.

*Awarded bids to K&M Construction of Storm Lake for two housing rehabilitation projects. The bids were $22,916 for the base bid for one property plus a $573 alternate bid and $28,465 for the base bid for the second property plus $5,400 for the alternate bid. The city's grant will fund up to $24,999 of the costs for both projects and the homeowner will make up the difference between the grant award and the bid.

*Accepted the Storm Lake Airport Runway Rehabilitation Project, Phases 2 and 3. The total cost of the project after a change order is $283,689.34.

*Held a public hearing, passed a resolution, and awarded a contract for asbestos abatement from the Harbor House. Pro Environmental of Des Moines was the low bidder for the asbestos abatement project with a bid of $34,600. The council also set April 4 as the public hearing date for demolition of the Harbor House. The demolition is scheduled to be completed by the end of May.

*Authorized a grant application to assist in funding for a new $290,000 pumper. If awarded, the city would pay just 10 percent, or $29,000.

*Approved a motion authorizing Public Safety Director Mark Prosser to sign a grant agreement for overtime reimbursement. The Storm Lake Police Department has been pre-approved by the Governor's Traffic Safety Bureau for overtime reimbursement for OWI detection. The grant would pay the city up to an additional $10,700 in overtime for enforcement between April 1 and Sept. 30, 2005.

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