Item 5 - Res./Bond Measure - Laserfiche WebLink

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Design Components - Option A+ COMPONENT Size (sf) Cost City Hall Components Full Consolidation (CMO, Court, HRRS, Finance, -- -- ................................................................................................................................... !.51~.?~?I~!~.)...Y~PPr!~[!g...fP[...~.q?~7...~.~C~ ...................................................................................................................................................................... ................................................................................................................................... i~.~.!~!.q...St.r~('.....!!~p?y~!!/~!/[5...r....[.!?[pq~ ...................................................................................... :.r .................................................... 77 ................................ Moving & tempora~ relocation costs .... Community Safety Base building w/parking for 2008 need .... ..... B.,~.d~pg...~pmp?.p~p$.~ ................................................................................................................................... ~.~.~.~..~ui~O!ug..~p~r~!~g..(p.r..?..~.~...~O ......................................................................... 75.,.PP.P ....................... $.~.~.~.,.PPP ................................................................................................................................... ~.~.~.~..~i~O!~s..~(p~r~!~g..(p.[...~P.$.~...~O .................................................................................... r.r .................................................... ~r ................................ ................................................................................................................................... ~.~.~.rup...P.~..~....~n~< .......................................................................................................................................................... ~.~P.P.P ...................................... 5.~.PP.,.PPP ................................................................................................................................... ~PX~..??P.~..~...[P[~.i.~5...PP~[P~ .................................................................................. r.r .................................................... r: ................................ ................................................................................................................................... ~PS~...SP~.qi~[...QP.~...[P...P~.~[O .......................................................................................................................... r.: .................................................... ~r ................................ ................................................................................................................................... T.~[~.qP~...~.~U!P~[...(~.Sq~UO!~g...2.~..~.) .............................................................................................. r.r .............................................. 5..~.~.,.PPP ................................................................................................................................... UU~[~,...U!5[~.~.,....~...~.qUiP~[ ........................................................................................................... r.r ...................................... 5..5.2.[~.,.PPP .................................................................................................................................... '.~.~!y!~...~tr~[~7....!~p[px~[.~......r....[...~.!.p.q~ ..................................................................................... r.r .............................................. ~.?.,.PPQ ...... Moving costs -- $50,000 ..... q~s...q~[e.r...q~p.~.e~.L........s.9q~[.5.~q~...5~.~...~...~.~[~..~?p~.~ ........................................................ [.~.,.PP? ............................ 5.}~.~PP.,.PPP ...... Purchase 1/8th Block for No~h Park Block .... ................................................................................................................................... P.~p~.~..~u~...(~SP....~p.~.~) ................................................................................................................ :.: .................................................... :.r ............................... ................................................................................................................................... ~P.!.~..P~r~g...(~.~.P...~Pg.q~.~.) ............................................................................................................................ r.r .................................................... rr ................................ Develop new No~h Park Block & improve 2 $750,000 ................................................................................................................................... ~.~..?.~r¢..~p~ "Civic Street" improvements- 4 blocks -- $1,000,000 Sfi~ als i0~00 000 Finance Costs $390,000 Finance Plan The finance plan for Option A+ is summarized below. A $6,790,000 General Obligation Bond measure would result in an estimated tax rate in the first year of $0.08/$1000 of assessed value and would cost the average taxpayer $14. The 20-year average cost would be lower, with a tax rate of $0.05/$1000 of assessed value and an average taxpayer cost of $10. The issuance of $6.79 million for the Civic Center vision would have an impact on the City's debt burden. The current debt to real market value ratio is 0.4%, and it would rise as high as 0.44% as a result of issuing the bonds. This is within the debt policy limit of 1.0% of real market value, as approved by the Budget Committee earlier this year. L:\CMO\2004 Council Agendas\M040726\S0407265.doc