NEWS ARTICLE: 04-25-17

GO Bond Report to Council - April 25, 2017

Village of Angel Fire 2017 General Obligation Bond

Council Update Report 

 

4/25/2017 

 

 

 

Schedule of events: 

 

  • Attached (attachment "A") is a schedule of events that took place prior to  clos ing  the  General Obligation Bond sales. This process was required prior to moving forward with GO Bond expense unless  approved  by Village Council.
    • Attached (attachment "B") is a schedule provided by HDR engineering with the proposed schedule for the Village Core Area Street & Utility project and the Wastewater Treatment Facility upgrade project .
      • With all planning and design work completed this calendar year; construction would be able to move forward at the beginning of the next construction year 2018.
 
   

 

 

  • Streets ($900,000) 
    • Legal {Modrall) -- $13,391.43
    • Consultant (RBC Capital) - $11,469.05
    • Engineering {HDR) -- $48,270.78 Core Area Study
      • Asphalt Zipper --$131,490
      • Total contracted to  date $204,621.26
      • Remaining $695,378.74
        • Water/  Wastewater (1,000,000) 
          • Legal (Modrall)  -- $15,122 .25
          • Consultant (RBC Capital) - $10,170.67
          • Engineering (HDR) -- $48,270.78 Core Area Study
          • Engineering  {HC>R)-- $65,000 Wastewater  Treatment PER
          • Engineering  {HDR) -- $49,252  Water Tank PER
            • Vac Trailer --$86, 311
            • Total contracted to date $274,126 .70
            • Remaining $725,873.30

 

                      GO Bond Project  Implementation Schedule 2017-2018

 

  Core Area:

 

  • Information Gathering: Dec 2016 - March 2017
    • Field Data Collection: March 2017
      • DRAFT Improvement  Projects  Recommendation/Prioritization Study: April 2017
      • Final Improvements Project Recommendat ion/  Pri orit izat ion  St ud y: May 2017
        • Design Initial Improvement Pro ject : June/July/August 2017
          • Bidding Initial Improvement  Pro  ject : August/September/October 2017
          • Earliest Construction Preliminary Initial Improvement Project Items (drainage, utility work, street repairs , field construction  su rvey,  et c.): September/October/November 2017
          • Groundbreaking Initial Improvement Proj ect : Spring 2018

 

 

 

Wastewater Treatment Fa cility :

 

  • Information Gathering: Feb 2017 -April 2017
  • Treatment Process Alternatives  Modeling: April 2017 -  May 2017
    • DRAFT Preliminary Engineering Report : May 2017
    • Final Preliminary Engineering Report: July 2017
      • Design Bar Screen and Disinfection Impro vement s: June/July/August 2017
        • Bidding Bar Screen and Disinfection Improvement s: August/September 2017
        • Equipment Lead Time & Pro curem ent : 3-6 months
        • Groundbreaking Bar Screen and Disinfection Improvem ent s: Spring 2018

 

FINANCING  SCHEDULE

VILLAGE OF ANGEL FIRE, NEW MEXICO GENERAL OBLIGATION BONDS, SERIES 2017 

NEW MEXICO FINANCE AUTHORITY PURCHASE (Loan No.      -PP)

 



Village Council  Meeting Dates

 

DATE 

ACTION 

RESPONSIBLE PARTIES

 

Thursday, December 8, 2016

 

Village Council adopts Reimbursement Resolution

 

Village

 

Tuesday,

December 13, 2016

-

 

First Reading of Bond Parameters Ordinance; adoption of Finance Authority Application Resolution by Village Council

 

Village

 

Wednesday, December 14, 2016

 

Post Notice of Intent to Adopt Bond Parameters Ordinance in public locations in Village

 

Village Clerk

 

Thursday, December 15, 2016

 

Submit Notice of Public Hearing and Intent to Adopt Bond Parameters Ordinance to Taos News for publication on Thursday, December 22, 2016

 

Modrall

 

DATE

ACTION

RESPONSIBLE PARTIES

 

Thursday, December 22, 2016

 

Publish Notice of Public Hearing and Intent to Adopt Bond Parameters Ordinance in Taos News

 

Newspaper

 

Tuesday,

January  10, 2017

 

Second Reading/ Adoption of Bond Parameters Ordinance by Village Council

 

Village RBC

Modrall

 

Wednesday, January 11,2017

 

Submit Notice of Adoption of Bond Parameters Ordinance to the Taos News for publication on Thursday, January 19, 2017

 

Modrall

 

Wednesday, January  11, 2017

 

Post Notice of Adoption of Bond Paramet ers Ordinance in public locations in Village

 

Village Clerk

 

Thursday, January 26, 2017

 

Finance Authority Board approves purchase of Bonds

 

NMFA

Village RBC

 

Friday,

January 27, 2017

 

Distribute draft Sale Resolution

 

Modrall

 

Friday,

February 3, 2017

 

Comments due on draft Sale Resolution

 

All

 

Monday, February 6, 2017

 

Interest Rates Finalized

 

NMFA RBC

 

Monday, February 6, 2017

-

 

Distribute  final Sale Resolu tion

 

Modrall

 

Tuesday, February 7, 2017

 

Distribute draft Closing Documents

 

Modrall

 

Monday,

February 13, 2017

 

Comments on draft Closin g Documents due

 

AU

 

DATE

ACTION

RESPONSIBLE PARTIES

 

Tuesday,

February  14, 2017

 

Village Council adopts Sale Resolution

 

Village

 

Tuesday,

February  21, 2017

 

30 day limitation of actions period expires

 

All

 

Friday,

February  24, 2017

 

Closing

 

All