HomeMy Public PortalAboutAB 13-117 Public Financing Proposal
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-117
Meeting Date June 27, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Comprehensive Capital Facilities Finance Plan
Research Proposal
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Originator
Clerk
Supporter
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
Not to exceed $5000
Parks and Recreation
FUNDING SOURCE:
Professional Services - City Manager FY13 budget
Airport
Library
TIMELINE:
Upon approval
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Boise State University (BSU) is committed to following the Government Finance Officers Association’s (GFOA) best practices. BSU can help the City follow recommended best practices, achieve
the lowest borrowing costs, and provide validation for its decision-making. Cameron Arial, Ph.D Candidate at BSU is a regional expert in public finance and has an abundance of training
and experience related to the full range of Idaho specific finance options. He has met with the City Manager to propose a Comprehensive Capital Facilities Finance Plan. Mr. Arial currently
serves on the Associated Tax Payers of Idaho Board of Directors, Idaho Council of Governments Board of Directors, and Idaho Technology Council. Mr. Arial has been recommended by numerous
cities and other Idaho municipal clients to assist with similar type studies and financings and he would encourage you to contact any one of them directly to inquire about their experience
with him.
Once the full proposal is received it will be forwarded to Council. The proposal will include Public Finance 101, Idaho Code, Finance Options, and Methods of Sale, GFOA Best Practices,
Comprehensive Debt Analysis, Comprehensive Debt Service Coverage Analysis, Asset Analysis, Additional Studies (Local Option Sales Tax, Election Strategy), and Recommendations.
RECOMMENDED ACTION:
Approve Staff to work with Cameron Ariel to develop a Comprehensive Capital Facilities Finance Plan pending mutual agreement of payment for services not to exceed $5000 and authorize
the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION