CCP 12-21-1992 - Laserfiche WebLink

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. . CITY F1\CILITIES - REVIEW OF OPl'ICINS Page TWo Possible Sitina Alternatives Public Works am City Hall (Key issues are related below with each site issue) 1- TCAl\P property - Preferred site Negative: - date uncertain for finalizing lam acquisition - need to bring in utilities, road upgrade - site provides sufficient space Positive: - low or roil cost 2. CUrrent site - 200 preference - a positive point is a=ently City property am can be used immediately. - negative points are: . lack of income from the sale of this property . question of best use of property . space questions whether this provides roam for longer tenn needs - buy salt/sand from outside vend= resulting in no storage requirement * resulting in no need f= storage J::uilding. 3. Round lake - 3rd preference . - a positive point is that the lam is a=ently available f= purchase - However: . costs of lam acquisition is additional to a=ent J:u:lget . infrastructure improvements needed - road, access to 'IH 96, utilities, am . accessibility am visibility to public are limited * This option can be pursued in any site plan. Public Facilities Financial Options 1- Pursue 200 referendum after 6 months from November 3 (May, 1993) - Amount lllUSt be the same. * 2. Pursue a 200 referendutn as soon as needed - the amount would be less than = above 5 percent of the $2,800,000 (range of less than $2,660,000 or over $2,940,000) after 45 days of notifying the County of the City's notification of calling for a referendutn. * 3. Pursue a lease purchase option - this can be done as soon as necessary with bonds from an HRA. * 4. Direct lease from a lease corrpany, i. e.; Northwest National Bank. This is discouraged if costs are more than $1 million - issuance costs would be within levy limits if they return. ~e city = the property. . 5. city may issue certificates of participation am declare Council as a J:::uilding authority thereby creating an IDA. ~is would be subject to ----