CCP 11-13-2001 - Laserfiche WebLink

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. . . ~,.......t ~~ \\/l4io! , /1 ..' lJ(~. i L-m~,' ~ '. c"t" ~ I..; i't L.:_ }'<t... BOARD OF RAMSEY COUNTY COMMISSIONERS 15 W. KELLOGG BLVD., ST. PAUL, MN 55102 651 266-8350 POLICY AGENDA November 20,2001 Council Chambers - Third Floor Court House ..m~....~...._..~..E.......~~..I..........:.......~.......:...:....I......~.... ROLL CALL and Call to Order - 9:00 a.m. - Council Chambers PLEDGE OF ALLEGIANCE AGENDA of the November 20,2001, Board Meetings are presented for approval. MINUTES of the November 13, 2001, Board Meeting are presented for approval. P92 PROPERTY MANAGEMENT/BUDGETING AND ACCOUNTING - Law Enforcement Center (LEC) and Public Works Facilitv Capital Financinq. (Commissioner Bennett, Chair, Facilities Committee) Board Action Requested: Policy discussion with same day Board action requested: 1) Approve an increase of $29,065,000 in the 2002 Capital Improvement Program (CIP) budget for the Public Works Facility replacement project, for a total project budget of $29,500,000; Authorize the use of $12,500,000 cash previously appropriated from the General Fund Balance for the Law Enforcement Center project to finance debt service payments; Approve the addition of $12,500,000 plus bond issuance costs in 2002 Capital I mprovement Program (CI P) bonds for the Law Enforcement Center project to replace the previous appropriation from the General Fund Balance that will be used to pay debt service payments; and Direct the County Manager to work with the County's financial advisor, Springsted, Inc., to structure an overall debt financing plan for issuance of bonds for the remaining amount of the LEC to be financed and the new Public Works Facility that keeps the property tax levy for debt service stable using CABs, principal deferral, restructuring of existing debt or a combination that results in the lowest total cost. 2) 3) 4) (Continued)