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Home My WebLink About1975-12-30 (Special) Meeting Agenda Packet• - I• - • CITY COUNCIL Special December 30, 1975 () • • , - • • • 0 • ~--:,/ ~.,~,C-7 :u.._. .:Sc, / 9;5- 41': 3~ ROLL CALL Mov ed Seconoed Aye Nay Jones "' So vern , ,Jann ..... ~es~ng _!": Brown ~ I Clayton , I t.'.ayo r Tavlor ,., •. Abstain Absent ~ • • 0 , • 1'- -~ • • • • ' ROlL CALL Moved Seconded Aye Nay Ab s tain Absent ·~ Jones #I' ,.,..,. So vern ., !.:ann 77' Blessing v Brown ,_.. ~ Clavton V' I Mayor Ta v l or J/ ' • • 0 • , • 0 • ' .,,c._ ~ ,t;~J~• --~ ~ ~ ~ c -"· ~ ~, .,;_ '"lL ?fY.-2., ~ ~ ~ t-.... ~~c:tw ~.,~~~ P0LL CALL J,{;: ~u Seconded t if!' lla: Abst ain Absent ~·..,. Jo:1es , ·,;o ·:~>rn .. ,...... f--......::::: ;:'l.ro£'_ v i•wssi ~ v ~.I'O'::T1 _.,; ~ ""' t;lavt "' V.! l 1.':a:m:"' Ta ·l r V i • • 0 , • • ' ' -• 0 t• • ROLL CALL Moved Seconded lcye Nay Abstain Absent Jones y ..., So vern V' 'tAnn y BlE'SSing ~ Brown v Clayton """"' :.1a;ro r Tavlor J/ • • I • • 0 I • • -~----------------- ROLL CALL l'ov<>1 Seconded Na Abstain ~.ye Jones V'" '~overn -v-•ur. ~'-ir.g :..r -~;r l I ~l'!_:ton [ I '!.:I r Tayl o"" ' • • /' ,, • • - MEMORANDUM TO: Mayor, Members of Englewood City Council, Council-Elect FROM: Karl Nollenberger, Acttng City Manager DATE: December 26, 1975 SUBJECT: CO~CIL MEETING ON DECEMBER 30 AT 4:30P.M. A• you are DO doubt aware by now, the election on lut Tueaday for taauance of pneral obltptton bonds was aucceasful by almoat a four to one majority. Coqratulattcoa to all persons wbo worked so dtltsently on thta taaue are tn order. Stnce the tasue was aucceasful, the COUDCtl meeting you aet for December 30 at 4:30P.M. ta needed for three purposes: 1, Award btds on general obltgatton bond taauance (ftnanctD& plan on use of $2.225 mtllton enclosed, btd award lnformatioll to be avatlable at aeaalon). · 2. Award btds on construction of project (memorandum from Director of Finance and tabulation of bids encloaed). 3. Amcd the 1975 Budget '' e solutton ameadtnc the bud ~;ct enclosed). I have alao ccloaed a break-down of the vote by precinct for your tnformatton. Tbe AdmtDlatrattve Committee of tbe E:qt4.wood Cot.atal-Btceatautal Committe flUid ratatnc campatp baa requellted a meetiDI wtth tbe CltJ COUDCtl toM held at 15:00 P.M. after your counctl meatiDI· TM meettnc will be beld tn the Library Conferees Room. Tbe Committee, mede up of OndJ Fraakltn Maplea, Ken Mau801f, Dave Batchelor, KeD Cart.oe, Colbert CUIIltJ-., Toni Butler, Mayor Taylor and Andy McCown, deatrM to cHacu•• aome turtber detail• concemlnl the Santor Ctttzena Center. 1'be mMttnl abould be over by 6:00P.M. J look forward to aeetng ou on Tu aday. Sincerely, ,\c w\.\ ,..jd_(_(,.\S-""' KARL NOLLENBERGER, Act1n1 Clty Muapr KN/p Encloaurea co: Andy McCown, Ctty Maupr B. V. Berardlni, Clty Attomay ~ Blll Jam a, Director of Ftnanca ' • .. Dece mber 30 January 1 January ,5 January 8 January 19 January 22 • 12/2f>/75 . ~ • • 0 I• • CA LENDAH OF EVENTS 4:30, P.M. Council meeting in Council Chambers for awanl of General Obltgation Bond bids and bid for construction of Housing for E lderly project; followed by 5:00 P.M. meeting in Library Conference Room witn Administrative Committee of E. C. B. C. NEW YEAR'~ HOLIDAY-CITY HALL WILL BE CIDSED. 5:00P.M. Executive Session at Ground Round Restaurant, 5180 South Broadway, followed by 6 :00P.M. work session and 7:30 P.M. regular Council meeting in Council Chambers. 9:00A.M. Mayor's Coffee, Pollee/Fire Center. 6:00P.M. work session in Conference Room A followed by 7:30P.M. regular Council meeting in Council Chamb rs. 7:30P.M. Mayor's offee, Police/Jo'ire Center. " . ' • • -.. • 0 I • • FINANCIAL PLAN HOUSIN G FOR THE ELDERLY CONS TRUCTION COSTS RCHITECTURAL RVEY SOIL TESTS SEWER TAP FEE& WATER TAP FEES AOVERTI SING MANAGEMENT CONSULTING STUDY LEGAL AND FISCAL FEES MISCELLANEOUS CAPITALIZED INTEREST •. a., u~e;t r lflflh, '.J, e lw lltf -1' c t: ( 114 s ~ ""t'"' I- SOURCES OF INCOME INTEREST 1 HOUSING AUTHORITY BOND ISSUE ~ .. 11" t."''fo.l~:o.Mt41 ~ ... .1 ~ <..~-41-rtJ $ 1 ,692,000_ 37 ,64c;: 113, 520~· 1,000 2,900 46,600 I 20 ,600 1 \ 1,000 1,551 12,000 6,000 169,656 l(e_.ooo j / ,~ ...... --~.-6'( 67,067 15,000 2 ,225 ,000 l >looo ~. .Y&"~ " ~ ? ~~.otS'T ~ Yt'~ "~? THE FIGURES ABOVE DO NOT INCLUDE THE LAND ACQUISITION COSTS, WHICH MON ILS CAME FROM A MATCHING GRANT WITH THE STATE OF COLORADO. Luo Con APPLICATION OF FUNDS LAND COST 206,409 206, 09 SOURCE OF FUNDS HOUSING AUTHORITY CITY CONTRIBUTION STATE CONTRIBUTION ADDITIONAL COST TO PROJECT 8,409 100,000 100,000 206 ,409 2 .4 1 0URING THE PERIOD OF CONSTRUCTION, TH PROC OS 0 TH IOND I AL INVEITID TO GAIN INT R IT R V NU • IT II ESTIMAT D THAT OV I B RECEIVED IN INTEREST A A RESULT OF TH INV I TM NT 0 TH IONO ISSUI. 0 P AGL 1 • • , .. • • 0 I• • MEMORANDUM TO: FROM: Karl Nollenberger, Acting City Manager William D. James, Director of Finance SUBJECT: Analysis of Construction Bids for 104 Unit Hou si ng for the Elderly DATE: December 26, 1975 Section 1 -Recommendation of Award On November 4, 1975, bids were received for 104 unit Hou s in g for the Eld er ly. A tabulation of t he bids is attached . The low Base Bid of $1,892,000 was submitted by Brady Construction Company . We have reviewed the bi ds wi th Maxwell L. Saul and Associates, the City 's architectural firm . Maxwell L. Saul and Associates have also reviewed the sub contractors . Brady Con s truc - tion Company met the requirements as set forth i n the s pe c if icat i ons and we could find no deficiencies in their bi d . \\There f ore, we re commend tha t Br ad y Construction Company be awarded the bi d i n the amoun t of $1,8 92,000 . Br ady Construction also had the lowest numb e r of days for con struction time , 280 days . Section 2 -Alternates to the Bi d In order to insure the completion of t he pro j ect and not know i ng wha t kind of bids would be received, the City reque s ted tha t a number a lternates in the bid as deducts. The alternates would allow us some fle xibi l ity in working out the f inancing that might have been required . If any of t he a l ternates were eliminated from the bid, we were planning on use of City crew s and equipment to construct those specific alternates left out at the time the bid would have been awarded. The Base bid of 1,892,000 i nclude s all of the alternates (one of the a lternates wa s the basement ). The total cost of all the alternates is: Alternates - 6 Basement -7 Total $ 31,300 150 000 (PIF) $181,300 v ~ ~ t.. o.O._, .L.o ""'· •• ..,..-7 ~j~ ~. -u-. ~ ' • • I - • • 0 I • - -----------~---. -~ • 11 ·l No 11 en ber ger Th cos of l t€rnates 1-6 (~31,300) can now be financ ed throug 0 l igdtion qon is sue . I have discussed with the Publ ic Wor s 01r c 01 t>O? Parl:s 11 R c reation Dir c tor about using their c r ws o con t..-JCt alt~nna es . hav~ all agreed that it is most desirable to hav alternat a ~ part of the total construction contract. By h t1n C1 ty buy h materials needed and includes the cost of sa laries 1 · ~uld ~av d if anything at all . This is especially tru wh n ou consid r th City doe s not have the equipment or trained perso nr 1 for jor curb wor ~. walks, paving etc . By having all the work done by one general contractor, we would be a ss ure d of a complete d project that would be the sole responsib1lity of hat fi We all agree that it would be difficult for the City to do as a good job as th bid prices stated for the alternate s. Therefore, we recommend that the al ernates be included as part of the overal l contract. W""~-~ William D. ~ WDJ/kr Attachments • • , • 3 !I Pi.ni..ard ____ _._ • ..:;j ~::.......-0 r • f § 0 $t b h 3 $% i M aeir $ f' .pr 3 r"ttMn • .:. •• rtf .. ,.....;;., ·~,j -a "-~..ao~.:...:~, BID TAIIJ 11\ T ICl'l BID DA1'E: 7uesday, ~b\-e:rb:!r 4, · 19 7 5, 2:00 p .m. :L1.»1ell L. Saul ~ 1\sscx:-iat.es, Arclu.tocts/2255 East 18th Avenuejtenvcr, Colorado 80206 i eonst. Alt. 11 All. .). Alt. tJ Alt. 14 1'1n.! Curb W:>rk Exl. \\.Jlks BitlJlU.J"OUS Ext. J...ight.i.r¥] (days) (£onere tel Pavinq . • I 365 $ 7 ,400 $13 ,000 $11 ,300 s 6,400 300 6,200 14,500 12,800 8,600 365 8,?00 15,000 10,418 6,000 l 400 2,400 13, o_po 10,000 6,000 365 6,600 19 ,:)00 10,500 6,000 I I -5,000 1J ,OOO 11,000 6 ,000 27'J S,600 1° ,00 1) 11,000 6,000 { 385 5,332 12 ,503 10,093 10 5 t J 280 6,000 5,500 9,200 900 I 365 5,000 14,500 10,590 6,000 I ·I 432 5,000 11 ,000 10,000 5,000 !-~L ·'·'-16 ,01 3 10,543 5,500 ---- : -12 ,556 9,862 9, 780 7,500 ' -. --------- I I ·-----1--.---- I I_--'----.--------'"--- •. ,. ·1 ' ':)-~ Alt. •s Alt. *6 landscaping lawn Jrrigation (Sod&Planti..nq) svstsn s 5,100 $ 4,900 4,382 5,554 - 5,560 ~ ,110 1) 5,500 4,200 4,9 00 4,700 4,920 4,700 5,00 0 4,200 4,920 4,700 4,5 00 4,200 5,866 4,382 4,000 4,000 6 ,024 5,807 5,554 4,3 82 - Alt. #7 I A lla..-m::es Bd serren t Ol.:!r );aJ Pn ti + -+ -- $184,000 10 ·a 5 185,000 10 0 10 166,000 15 0 10 209,ooo l1 o 0 5 - 196,500 10 0 iO ---- 196,000 10 5 ; 5 19 6,000 10 0 e - 271 ,50 0 15 0 15 150,000 ;') 0 10 ---·- 185,000 15 0 10 ---- 290,000 5 0 10 207,0QQ_ 9 0 5 --·---· -·· 104,761 5 0 10 --- . - ---- 0 0 0 0 0 5 0 J c ~ 0 0 0 I • ... I . • • I I BID 'll\BUI.}\T100 ;.p~:miS ~'l •• ,::rr;u u (COntinued) • cant.ract:crs I --oor i'ilicrs Bid Nanc of List of Fees ~r Taps .ocei_,-,.."""''"' ~ ! _Q_ a ) 14 Security S~interdent subcOntractors ~tice tl,fi2,:3,H -··-· -1 --+9. 75 Pi.N-..ard I -5.40 2.50 5.75 X X X X I ~~1 l() --,._" ~:?. -=1125) •11 .00 1'1t...rl ~.i r ;o o ' J· 41) -4.00 2.50 4.50 X X X X X --~tl~.t~·· -:J\29)+12.90 E.B. Jones I o r a ~ d-48} -8.30 3.25 8.35 X X X X . X -- . r~;~.oo F .R. orr 7.00 1.50 3.00 X X X X X ~at eJ ~2~~ - Gi!:a.ld PhlPPG (Unr H t-d · 47 9. 70 1.15 2.90 X X X X X ·- ---r- 1 ;;..±· :<ov . ~-. JO 8 . 75 1.50 8.00 X X X X X --lllfiT~] -St 15 ) :<cr-~~"'(J".r'::n'--is {!Jnr .P."1 · 36} 10.00 1.10 2.75 X X X X X ·- ·---... ·-· . , F.x.."l I ~ .. oo 8.00 2 .20 4.50 X X X X X -- 'a:-a=-· ·---1-! .. 1 ~ +12.50 X X X -5.00 ----X X I . ,----+3.90 -- ,~i~ ')() -7.90 1.00 2.50 X • X X X X '~'.'er ·-· - :..:.C:o::ht ~5.00 8 .00 3.00 6.00 X X X X 1. -- ' ' X . C.A. GccC.nn •• -_? ~ ~~')() 21.00 2.00 4.50 X X X X -~3 O::r .s:.ruct.-. ;)0, Inc'".!--.• ~1 0<)!...00 a.5o ----X X X X X -------·------·- _ .... --- ): • Ac '- Fl• i.: 'f','A) .. • • 0 - R[SO I.UT JO N NO . _lfl~ , SERIES 1Q7 'i A RESOLUTION APPROPRIATING MONIES IN THE PUBLIC IMPROVrM ENT FUND WHEREAS, 'the Voters of Engle wood approved a General Obligation Bond Issue in the amount of $2,225,000 on December 23, 1975, for the purpose of constructing Housing for the Elderly . WHEREAS, the City Council of the City of Enolewood, Colorado, is desirous in providing Hpusing for the Elderly within the City of Englewo od; and ' WHEREAS, the City had committed specific financial assistance by waivingwater and sewer tap fees, building permits and miscellaneous licenses, and use tax, amounting to $132,941; and WHEREAS> the City had appropriated $35,000 from the Public Improvement fund and had committed an additional $74,000 of Public Improvement Funds; and WHEREAS, by financing the project with General Obligation bonds the above financial assistance is no long er required by the City to complete the project; and WHE~EAS, the Englewood Housing Authority had committed $70,000 financial assistance to the project and by financ i ng the project with General Obligation bonds $15,000 is required from the Englewood Housing Authority for actual cost; and WHEREAS, the Englewood Housing Authority has an addi tion al $55,000 as a result of financing the project with General Obliga ion Bonds it sh all be used as an add tion o th ? Co ntingency for unforseen e xr e nditur <.. should any occur . NOW, THEREFORE, BE 1 RE SOLVED, y h City Council of th Ci yo Englewood, Colorado, as allows : Sec ion 1. The following estimated Rev nu s and appropriations are hereby u ho- rfzed in the Publi c I provemen FundfHousfng forth Elderly -~ub un RPV nu '> • , ,,' ;?'>. ' (1 \ ·no Bonct proceeds) ' 1 1' ' 0 lo a 1 $i'. 0', ' • - • Appro pr i ati ons Con~trur.t ion Ri rl 2·. Co nt ingency Architectural Fee Su rvey Soil tests Water Tap Fees Sewer l'ap Fees Advertising Management Consulting Study Legal and fiscal fee s Mi see 11 aneous Capitalized Int~re st Total Section 2 . • 0 • ~ 1 ,Ril?, ')flfJ J7 ,811Ll 113 ,520 1,000 ?.,900 ;.'0 ,800 46,800 1,000 l, 551 12 ,000 8 ,!Wl 169,656 $2,307,06 7 The following Revenues and appropriations are made to the Public Improvement Fund: Revenues Fund Balance $ J' ~.oo o Appropriations Housing $ ~.oon) Section 3. The City Manager and the Di rector of Finance are he reby au horized to make the above changes to the Public Improvement Fund . Adopted and approved this __ day of ·--, 197 Mayor ------------- ATTEST: • • .. - i I I • • 0 I• • 1. William 0. James, e x officio City Clerk of the City of Englewood. State of Colorado, hereby certify that the above is a true accura and complete copy of Resolution No . Series of 1975 . ex officio City Clerk-Treasurer • • • • • 1:"1-~-heJd in \.II l yr t:.,... .... .,v ---------~· ~~-TRW r (« and apinlt GEMfRAI OBI IGATIOI! BONDS ,, OF WA.U. AND ~INC'TS AND VOTES CAST IN EACH ------------------· -- 84 JJO .,_!16 29 ~ ~-_JO I I Tntel Nol of Voteo C•·· L_ ~-Wl -' . ' ·-~~~Q_- I I ~--+---+-~ -.---.·-·-- -"ll tj- 1 I I I I I I I I -i-1 I I l., I I I I I = «t>oo Retui'DII or ao Election Mid in aid .. ClTY Of. .EN.!iLEWOOD ............ ... ... ... .. .. . ....... , in the Stat,e or Colorado . (CitJ' • T-oil day or .t>EC.EMBEII. .. ___ .. ,A. D. ,g7_5 . for the election or .. GP~~!V\~ .. O .B.~JG~HO~ .. ~0@~·-··-··············· .... --------·-······-··-----·------.-··-------.... ··············· .. ··········· eUcla , ae ahown by \he mu.,. from the eeveral votiq precinct~~ in aid---·· .~J.I.Y. .. Q.f .. ~.N~~J.l!!QQP. ...................... -··················· .. ... .. ... ....... ... --····· ······--· ········-------············ 10 75 ... . ...... ················-······ ('l,,rk. Mev or .' Mun lc tPi.:i Jud·,~ ······ ····· ...... ·-·· ., r I 0 • ,.. ~ • .......e.--~-... Abstract of Votes Cut ;t a -= -S-PECIAL Election held in CITY OF ENGLEWOOD ____ Colorado '------CCitJ'•T-) for the Election of ___ or for and againat GENERAL OBI IGATION BONOS C BONDS I ---l T THE IIOND8 I -1 A T E OF COLORADO, I J ,. + FPR .._AGAI~T . . ~ j I Z NUMBERS OF _!A~~-A-NO PR~~IN~ ~ND _VOT~ c:_AST IN ~~C~----------__ j . ;--nt::o; . l -t .A J ~J ~L~~~~~V+~~FlS--qHT-r--1-~-__ :·:c .. · 72 90 -; 165 J..?Jl .., 84 .no r 86 31 30 24 ,_29_, Z9 _J O I I u ""I I + 31 ..13 I ..6 . I I I ---~----+--. I ' ! r- I -.__- ,_ l£1]- ! I ,--. . I T_. I I r ·t -j-- w~. the und~rs~. Canv_..., of the F.lect1on RetumJ! of an Election held in sa1d ... Cl TY Of .EN_GLEWOOD .... ...... .. .. .. .. .. . . _ , in the State of Co!orsdo. (Ch7 or Towa ol) TUESDAY the 23rd day uf DEC.EM.B~~ ... -···-.. ,A. n . 197.~ . for the election of .. ~~-N~_RA _L O.B~ IGAJJ .ON .. ~Qrl.P~---·· ................. . 11 a tnw and con-t'(l abtltr..:L of t.he voiA'JI CMt at aid elecLion, aLS !!hown by the returns from the eeveral vot1 ng precin ciA! in ~~&id _____ J U.Y. OF -~-N_G~~-WO.QP. ........................ __ ........... . WI f.": I-}'.~ tlltr b.an.J!t and tbill • 23rd C'k-ri.. l)rputy. day ol DECEMBER , A. D. 19 75_ .................... C l,·rk . M'a vo r -Munlc tPi.i Jud ~~.- , , 'II - • • 0 t• • TABULATION OF BIDS GENERAL OBLIGATION HOUSING BONDS Finn Net Effective Interest Rate United California Bank 707 Wilshire Boulevard Los Angeles, CA 90017 Harris Trust & Savings Bank Chicago, Illinois E. F. Hutton & Company, Inc. Denver, Colorado 80202 Hanifen, Imhoff & Samford, Inc. Denver, Colorado John Nuveen & Co., Inc. -Chicago Kirchner, Moore & Co. -Denver Merrill, Lynch, Pierce, Fenner & Smith- San Francisco The Northern Trust Conpany Chicago, Illinois 60690 Boettcher & C0111pany Denver, Colorado 6.549301 6.5882 7.095548 6.628971 6.8273 6.64860 6.773 ' • • t -.. • Andy McCown, City Manager • 0 • liiTR-OI'PICI ••uouNDUM ~ William James, Director of Finance ~. General Obligation Bond Bids DA~ December 30, 1975 The bids were received on the General Obligation Bonds for the City of Englewood. A total of seven bids were received. The low bid was from United California Bank, los Angeles, California, for the net effective interest rate of 6.549301. United California Bank submitted their bid in proper form, accompanied with a cashiers check in the amount of $40,000. The City's fiscal agent, Hanifen, IMhoff I Samford, Inc., has reviewed the bids and find no discrepancies in the bid from United California Bank. Therefore, we recommend that United California Bank be awarded the bid. lt//L-..~ WilliaM D. Ja.es Director of Finance WDJ/kv ' • • t .. • • # •• • • • • .. - BOND PURCHASE PROPOSAL $Z,ZZ5,000 CITY OF ENGLEWOOD, COLORADO GENERAL OBLIGATION HOUSING BONDS SERIES 1976 Honorable Mayor and City Council City of Enalewood 3400 S. Elatl Street Enalewood, Colorado 80110 Gentlemen: Reference h made to your "Official Notice of Bond Sale", and your "Ofllcial Statement" appertainln& thereto, both of which conetltute a part hereof, concerning the $Z, ZZ5, 000 City of En&lewood, Colorado, General Obli&ation Houain& Bonde, Seriu 1976, and dated ae of the flr.t day of February, 1976. For your legally ieeued bonde, ae deecribed in eaid notice, we will pay you the princi- pal amount thereof and accrued intereet thereon from the date of the bond• to date of their delivery to ue, plue a caeh premlwn of$ 135 · 40 , for bond• maturl n& and bearin&intereet ae followe : December 1, 19_ll__, throuah December 1, 19~ 7.50 December 1, 19___as_, through Dece mber 1, 19~ 6 .30 Decemb e r 1, 19--B!L_, throuch December 1, 19 90 6.25 December 1, 19~. throuch December 1, 1991 6.30 December 1, 19_ll_, throuch December I, 1994 6 .50 December l, l9_ll_, throup December l, 19 98 6 .75 Decembe r I, 19--=-=.._. throuch De cember I, 19 -- December I , 19~. throuch Dec ember 1, zo 00 6 .00 Our calculation (whi c h le not a part of thh bid) ol the latere.t coet aDd net eUective lntereet rate fr om the abOYe ie : O r o •• lntere.t C o e t: Le •• Any Premium : Net lnter e .t Coa ti Net EUectlve Intere et Rate 1 $2 419 392.50 $ 135 .40 $ 2 .419 er .10 6 . s 9 61 " Encloeed herewlth i e a c aehier '• check of, or a cer tified check dra wn on, a e olvent ·--·--'·' '"---t.. --.. -.. ~-· ----· • • ' .. . . ~ .. • • BONO PURCHASE PROPOSAL $Z,ZZ5,000 CITY OF ENGLEWOOD, COLORADO GENERAL OBLIGATION HOUSING BONDS SERIES 1976 Honorable Mayor and City Council City of Englewood 3400 S. Elati Street Englewood, Colorado 80110 Gentlemen: Reference ill made to your "Official Notice of Bond Sale", and your "Official Statement" appertaining thereto, both of which constitute a part hereof, concerning the $Z, ZZS, 000 City of Englewood, Colorado, General Obligation Housing Bonds, Serle• 1976, and dated as of the flut day of February, 1976. For your legally issued bonds, as described in said notice, we will pay you the princi- pal amount thereof and accrued interest thereon from the date of the bonds to date of their delivery to us, plus a cash premium of$ 135.40 , for bonds maturing and bearing intereet as followe: December 1, 19_]]__, through December 1, 19_a]_ December 1, 19__aa__, through December 1, 19~ December 1, 19_&1_, through December 1, 19 90 December 1, 19Jl.._, through December 1, 19~ December 1, 19_jl_, through December 1, 19~ December 1, 19__22__, through December 1, 19~ December 1 , 1 9 --, through December 1 , 19--=-:-- December 1, 19_..2.2...._, through December 1, ZO 00 7.50 6.30 6.25 6.30 6.50 6.75 6.00 Our calculation (which ie not a part ol thX. bid) of the interest cost and net effective intereet rate !rom the above le: Grose Interest Coet: Lee• Ally Premium: Net Interest Cost: Net Effective Intereet Rate: $2 419 392.50 $ 135 .40 $2.419 .zr .1o 6. 549 Ol " Enclosed herewith lea caehier'• check of, or a certified check dra--· a solvent cammerc:lal bank or trust company, payable to the order ol. the City oC En lewood in the amount o£ $40,000, which depoelt 11 eubmltted in accordance with l term• oC the Offlcial Notice o£ Boad Sale and which will be returned to the \IIIII re .. I th b d ie not accepted. DATED thi1 lOth day of December, 1975, Re epectful.l y e...mtted, The r turn of the bid depoelt I• hereby ackDowledl d. By __________________________ __ Clty Clnk The fore1oln1 propoeal accepted thb _clay of , 1915. CITY OF ltNQLEWOOD, COLORADO By'------------------------ t.C&yol' ' • • ,- .I • • 0 • INTER~~L FINANCIAL PLAN HOUSING FOR THE ELDERLY Construction Costs Construction Bid Construction of Basement 2% Contingency Architectural Fee Architectural Fee (Basement) Survey Soil Tests Sewer Tap Fees Water Tap Fees Advertisi.ng Management Consulting Study Legal and Fiscal Fees Misce 11 aneous Capitalized Interest Sources Of Income Interest1 Housing Authority Bond Issue Public Improvement Funds (Basement) $1,892,000 150,000 37,840 113,520 9,000 1,000 2,900 46,800 20,800 1,000 1,551 12,000 8,000 169,656 67,067 15,000 2,225,000 159,000 Page 1 $2,466,067 $2,466,067 The figures above do not include the land acquisition costs, which MOnies came from a matching grant with the State of Colorado. Land Cost Application of Funds Land Cost source of Funds Housing Authority City Contribution State Contribution Additional Cost to Project 208,409 8,409 100,000 100,000 208.409 208,409 208.409 0 louring th period of construction, the proc eds of the bond sales can be invested to gain interest revenue. It is esti.ated that over $65,000 will be r c 1ved 1n interest as a Tesult of the investment of th $2,225,000 bond 1ssu • ' • • f -... • G.O. Bond Issue -Savings to the City Public Improvement Funds Sewer Fees Water Tap Fees Use Tax Public Improvement Funds 1976 • 0 • $ 26,000 46,800 20,800 55,341 74,000 $222,941 Page 2 In addition, the Housing Authority will save $55,000 formerly allocated for front end costs which will be used as an addition to the 2% contingency for unforeseen expenditures should any occur. •. • • , -' • • 0 h • INTERNAL FINANCIAL PLAN HOUSING FOR THE ELDERLY Construction Costs Construction Bid Construction of Basement 21 Contingency Architectural Fee Architectural Fee (Basement} Survey So11 Tests Sewer Tap Fees Water Tap Fees Advertisi'ng Management Consulting Study Legal and Fiscal Fees Miscellaneous Capitalized Interest Sources Of Income lnterest1 Housing Authority Bond Issue Public Improvement Funds (Basement} $1,892,000 150,000 37,840 113,520 9,000 1,000 2,900 46,800 20,800 1,000 1,551 12,000 8,000 169,656 67,067 15,000 2,225,000 159,000 Page 1 $2,466,067 The fig ur es above do not include the land acquisition costs, which MOnies came from a ma t ching grant with the State of Colorado. Land Cost Application of Fu nd s Land Cost Source of Funds Housing Authority City Contribution State Contribution Additional Cost to Project 208 ,409 8,409 100,000 100,000 208,409 208 ,409 208,409 0 louring th p riod of constr uction, the proceeds of the bond sales can be 1nv sted to gain inter est revenue. It 1s esti .. ted that over $65,000 will be r c ived in interest as a result of th investMent of the $2,225,000 bond issu • ' • • - • • ,, • ~0. Bond Issue -Sav1ngs to the C1!r Pub11c Improvement Funds Sewer Fees Water Tap Fees Use Tax Pub11c Improvement Funds 1976 $ 26,000 46,800 20,800 55,341 _74,000 . $222,941 • Page 2 ln •ddftfon, the Ho•sfng Aotho•fty VIII s••e lss.ooo fo""'''Y •llccotod fo• f'Ont end costs whfch VII! be •sod os on Oddftfon to the 2l contingency for unforeseen expend1tures should any occur. ' • • ,