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<br />, <br />~. <br /> <br />.... <br /> <br />The potential construction of a Centennial Lakes Police facility and its financing raises a number of <br />issues that are not currently addressed in the joint powers agreement. Those would include the <br />following: <br /> <br />1. How would the bonding city be assured that it would have the Centennial Lakes Police <br />Department as a tenant during the life of tl)e bonds? Does this imply a 20 year <br />commitment by each of the three cities to the joint powers agreement? <br /> <br />2. The formula as it currently exists could be the payment method for the cities for these <br />new capital costs simply increasing the lease or rent payment of the department as the <br />current agreement provides. During the negotiations of the agreement there was an <br />assumption that there would .be separate negotiations related to capital projects. What is <br />the split for building cost? <br /> <br />3. The current franchise agreement provides for an exit by anyone community with a year's <br />notice and paying one year's budget cpntribution, plus sick leave and vacation, as the <br />exit fee. That would not likely be appropriate as it could shift the remaining burden of the <br />building cost to the two remaining cities. <br /> <br />4. The existing agreement provides that any two cities can dissolve the joint powers <br />agreement by mutual agreement, at which point the facility would be sold. What would <br />happen if the value of the property when sold is less than the outstanding balance of the <br />bonds. Do the other communities have an obligation based on the lease to pay the <br />bonding city? Just in general, the exit of one city, or the dissolution of the district raises a <br />number of very significant issues once a building of this value is constructed. <br /> <br />5. The lease requires the approval of all three cities. . Each city council would have the <br />opportunity to determine how that decision might be made. If some cities .choose to have <br />elections due to the significant amount of dollars being added to the tax roll, how would <br />those elections be coordinated? However, there is not a requirennent for an election to <br />be held on this issue. <br /> <br />6. What would happen to the existing city leases for property, or would sub-stations be <br />continued in each of the cities without a main station? <br /> <br />7. The cities will be paying additional dollars due to the phase out of grant payments on <br />existing officers. As well, there would be additional operating costs if a building were to <br />be constructed. These costs to cities would be occurring at the same time that there <br />would be added payments related' to the lease. With two cities operating under levy <br />limits, what are the potential implications for those cities being able to fund their share of <br />any funding formula that is qeveloped? <br /> <br />8. The long-term building maintenance, whether it is exterior reroofing or interior painting, <br />etc., would be a cost that either the department would need to budget, or it it is the city <br />which owns the building responsibility, it would need to recover those costs as part of the <br />lease payments. <br /> <br />. Page 2 <br />