HomeMy WebLinkAbout016-R-21 Reimbursement of Expenditures from General Obligation Bond Issuance02/08/2021
16-R-21
A RESOLUTION
Expressing Official Intent Regarding Expenditures from the Funds of
the City of Evanston, Cook County, Illinois, to be Reimbursed from
Proceeds of Obligations to be Issued by the City of Evanston, Cook
County, Illinois
WHEREAS, the City of Evanston, Cook County, Illinois (the "City") has
financed and further intends to finance projects (attached as Exhibit "A") consisting of
various capital improvements at various locations throughout the City, including certain
capital expenditures as detailed for the year 2021 in the City's Capital Improvement Plan,
as adopted by the City Council of the City (the "Projects"); and
WHEREAS, all or a portion of the expenditures as proposed to be
reimbursed and relating to such Projects (the "Expenditures"): (i) have been paid within
(60) days prior to the passage of this Resolution; or (ii) will be paid on or after the
passage of this Resolution; and
WHEREAS, the City reasonably expects to reimburse itself or pay for the
Expenditures with proceeds of an obligation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: Incorporation of Preambles. The City Council hereby finds
and determines that all of the recitals contained in the preambles to this resolution are
full, true and correct and does hereby incorporate them into this Resolution by this
reference.
16-R-21
SECTION 2: Reimbursement. The City reasonably expects to reimburse or
pay the Expenditures with the proceeds of an obligation.
SECTION 3: Maximum Principal Amount. The maximum principal amount
of the obligations expected to be issued for the Projects is fourteen million, two hundred
and five thousand dollars ($14,205,000).
SECTION 4: Actions. All actions of the officers, agents and employees of
the City that are in conformity with the purposes and intent of this Resolution, whether
taken before or after the adoption hereof, are hereby ratified, confirmed and adopted.
SECTION 5: Severability. If any section, paragraph, or provision of this
Resolution shall be held to be invalid or unenforceable for any reason, the invalidity or
unenforceability of such section, paragraph, or provision shall not affect any of the
remaining provisions of this Resolution.
SECTION 6: This Resolution 16-R-21 shall be in full force and effect from
and after its passage and approval in the manner provided by law.
Attest:
C�
Devon Reid, City Clerk
Adopted: February 8 , 2021
Stephen H. Hagerty, Mayor
Approved as to form:
Kelley A. Gandurski, Corporation Counsel
16-R-21
EXHIBIT A
List of Capital Improvement Plan Projects
16-R-21
Funded Through Bond Proceeds
Proiect Title
Green Bay Rd, McCormick to Isabella, Ph II Engr Svcs
Howard Street Corridor, Target Access to Callan, Construction
IMain Street, Maple to Hinman - Ph III Engr Svcs
!TOTAL
I I
!OTHER TRANSPORTATION
IMajor Projects
(Central Street Bridge - Construction
10akton Street Improvements Ph II Engr Svcs
Annual Projects
!Bridge Inspection
!General Phase I Engineering
i Pavement Marking
Street Patching Program
Street Rejunvenation
150/50 Sidewalk Improvements
ITraffic Calming, Bicycle and Ped Improvements
iTOTAL
!PARKS
I (Beck Park Expansion - Phase 1 Planning (in-house)
I IDog Park - Planning & Design (in-house)
I 11-arimer Park - Improvements - Planning and Design Svcs
1 1 Lovelace Park - Path Repairs
1 (Mason Park - Expansion Study (in-house)
I IMcCulloch Park - Construction
I IParks Contingency
I (Park Sign Replacements
I (Shoreline Stabilization at Sheridan Road, Elliot Park and Greenwood Beach - Engr
I ITemporary Skate Park - Const
I ISkate Park - Consulting Svcs
TOTAL
I I
iF-AULI I ILS
1 !Citywide Roof Evaluation
I !Civic Center - Planning/Design Svcs
!Facilities Contingency
1HVAC - PFHQ, Fire 3, Levy, Water
11-ovelace Park Fieldhouse - Roofing Replacement
I 11-evy - Linden Room Rehabilitation
I I Noyes - HVAC Study
I (Park Fieldhouses - Roofing and Tuckpointinq
I IService Center Study
jTOTAL
2021 Bond Amount I
Is 200,000 I
1,500,000 1
140,0001
1,840,000
I
1
I
$ 610,000 I
$ 180,000
30,000 1
30,000
120,000 1
470,000 I
50,000 1
150,000 1
100,000
1,740,0001
I .
I
I $
30,000 1
1 $
25,000 1
1 $
75,000 1
1 $
60,0001
I $
30,000 1
1 $
1,000,0001
1 $
75,000 1
1 $
25,000 1
Is
300,000 1
i $
50,000 1
I $
60,000 I
$ .
I
'1,730,000 1
I
Is
60,000 1
1 $
200,000 1
Is
600,0001
Is
250,000 1
Is
75,000 1
1 $
25,000
Is
100,000
Is
150,000 1
Is
125,000 !
$ .
1;585,000 1
16-R-21
EXHIBIT A
IMISQ�ELLANEUUS
I IZero Emission Strategy Implementation
I (Public Art
I I Renewable Energy Project Support
Public Works Truck Radio System
I Iln-House Engineering Services
I IVehicle Replacements
'TOTAL
P I
WATER FUND
Main Street, Maple to Hinman - Const (Water Main Only)
JWM - Dewey, Madison to Keeney
I IWM - Dewey, Madison to Main
I (WM - Ewing, Grant to Payne
1 WM - Harrison, Cowper to Ridgeway
j (Central Street Bridge - Construction
1General Phase I Engineering
I IWTP - Laboratory Modernization - Const
'TOTAL
{1
PARKING FUND -
I IMaple Garage Security Cameras
I {Parking Garages -Joint Repairs
;TOTAL
iC,HIC;AGO- MAIN TIF FUND
IMain Street, Maple to Hinman - Ph III Engr Svcs
_
I $
{ (Main Street, Maple to Hinman - Const (Water Main Only)
Is
(TOTAL
I �
$ "
1
LIBRARY FUND
{Main Library - Div07 Roof Maint and Gutter Heat Trace
{ $
{ {Main Library - Div08 Replace Employee Entrance Doors
Is
I {Main Library - Div21 Fire Protection System Maintenance
I $
I IMain Library - Div23 HVAC Pump and VAV Repl
Is
I { Main Library - Div 26 Electrical (Repair Transformer Pad)
I $
I Main Library - Div 32 Landscape Improvement
Is
TTOTAL^
50,000 {
30,000
30,000 {
50,000
700,000
800,000 {
1,660,0001
i
450,000 1
673,000
432,000
370,000
300,000
30,000
35,000
750,000 I
3,040,0001
400,000 {
600,000 I
1,000,0001
430,000
700,000 {
1,130,000 I
P
i
40,000 {
20,000 {
172,000 {
149,000 I
68,000 {
31,000 {
480;OOO I
16-R-21
EXHIBIT A
J$UMMARY
,Street Resurfacing and Water Main
I j Other Transportation
j Parks
I Facilities
( Miscellaneous
I Total City Projects - Tax Supported Bonds
{Water Fund
I I Parking Fund
jChicago-Main TIF Fund
I ILibrary Fund
[GRAND TOTAL
$
1,840,000
j $
1,740,000 I
j $
1,730,000
$
1,585,000
$
1,660,000 ,
$
8,555,000 [
$
3,040,000 j
$
1,000,000 I
$
1,130,000 j
$
480,000
$
14,205,000