HomeMy WebLinkAboutDocumentation_Miscellaneous_Tab 03AB_01/11/1994 �
� VILLAGE OF TEQUESTA
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Post Officc Box 3273 • 357 Tcque.eta Drivc
�' Tcyucsta Flarida 33469-0273 • (407) 575-6200
' " � � Fax: (407) 575-6203
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MEMORANDUM: �
TO: Bill C. Kascavelis, Finance Director
FROM: Thomas G. Bradford, Village Manager �:';y��
DATE: January 4, 1994
SUBJECT: 1994 Bond Issue
Rim Bodinizzo will soon schedule a Finance and Administration
Committee Meeting wherein the 1994 Bond Issue will be discussed.
At this meeting I would like for you to be able to address the
following questions:
1) Assuming property values remain the same, what impact would
the 1994 Bond Issue have on the Tequesta millage rate if the
Bonds were a 20-year Issue at current market rates? The 1994
� Bond Issue is $1, 431, 850, less the Recreation Impact Fee funds
on hand, plus the outstanding balance of the 1979 Bond Issue.
2) If Dover Ditch is not included with the 1994 Bond Issue, is a
bond issue feasible? If yes, what would the Tequesta millage
rate be using the scenarios referenced in Number 1 above? If
not, how would you propose to finance the prajects
contemplated in the 1994 Bond Issue, less the Dove= Ditch
Project?
3) If Dover Ditch is deleted from the 1994 Bond Issue and those
projects listed as future work totaling $365,000 were
included, what would the Tequesta millage rate be using the
parameters indicated in Number 1 above?
Should you have any questions regarding this matter, please contact
me.
TGB/krb
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TE��UE:;T:� E�.�Rl: �2`J'�, �1U�)
------------------- -------- ---------- ---------------
DESIGV EIPE:VSES �"1.`�,U00
------------------- --------
P?�RIiING LOT $1a5,0U0
------------------- -------- ----------
PLaYGROLND $85,400
------------------- -------- ----------
E�ISTItiG EIELDS S�0,000 �
------------------- -------- ----------
DESIGV E�PENSE 5�0,000
------------------- -------- ---------- --------------- -----------
2 TEEBALL FIELDS $35,000
------------------- -------- ---------- --------------- -----------
PARkING EXPANSION $80,000
------------------- -------- ---------- --------------- -----------
BACK FIELD LIGHTS . $1�0,000
------------------- -------- ---------- --------------- -----------
CONSTITliTION PARK $310,000
------------------- -------- ---------- ---------------
DBSIGN EXPENSES $40,000
—�------------------ --------
� CONSTRUCTION $270,000
------------------- -------- ----------
DOVER DITCH $826,850 `;
------------------- -------- ---------- ---------------
DESIGN EXPENSES $100,000
------------------- --------
CONSTRUCTION $726,850
------------------- -------- ----------
PATHWAY IMPROVEMENT .
-------------------
DESIGN EXPENSES $5,Q00
------------------- -------- ---------- --------------- -----------
CONSTRUCTION $65,000
------------------- -------- ---------- --------------- -----------
TOTALS $165,000 $1,266,850 $1,431,850 $365,000
------------------- -------- ---------- --------------- -----------
(1) Phase I work (enqineerinq, permitting etc.)
to be budgeted in FY 94 Capital Improvement
Fund funded �ia a temporar�• loan from Water
� Enterprise Fund Retained Earnings to be re-
� paid with Bond proceeds in April or May 9�.
(2) Phase I�I aork is post Bid A�.•ard activities
primaril}• consisting of construction costs.