Page 375 - 2022-23 Blue Book Vol 2

CTIEP – Municipal Facilities

MICLA-ISSUED FINANCING
Proceeds from the issuance of MICLA lease obligations or other types of debt will be used to finance the projects listed
below. The debt service payments associated with these types of financing will be funded by the City through an annual
appropriation of General Fund or Special Fund monies. The issuance of MICLA debt for the projects listed below would
cause the City to borrow $108,859,815 at an approximate 5.5 percent interest rate over 20 years. The total estimated
debt service is $182,185,000, including interest of approximately $73,325,000. During the life of the bonds, the
estimated average annual debt service is $9,109,000 over 20 years. Actual interest rates may differ as rates are
dependent on market conditions at the time of issuance.

The following Municipal Facilities projects have been proposed for MICLA-issued financing.

PROJECT TITLE CATEGORY* SEI* GI* ACTIVITY** 2022-23
AMOUNT
Arlington Livability Services Division (LSD) Regional 1,4,5 6 - C $ 488,721
Facility
Phased funding is provided to develop a regional LSD facility, which includes installation of a modular office and
hygiene facilities with parking spaces for employee and operational vehicles.
Social Equity: This facility will support the regional deployment of Sanitation services that addresses the needs of
homeless population.

Asphalt Plant I - Annex Site Improvements 1,2,3,4 7 ✓ D,C $ 8,629,774

Phased funding is provided to complete design, bid and award, and initiate construction activities for the development
of the Asphalt Plant I annex site located at East 25th Street and Harriet Street.

Asphalt Plant I - Recycled Asphalt Pavement Canopy 1,2,3,4 7 ✓ D $ 230,000
Structure
Phased funding is provided to complete planning and design for installation of a canopy structure that is needed in
order to provide the appropriate work conditions to efficiently produce asphalt using recycled materials.

Barnsdall Park - Residence A 1,5 6 - C $ 1,600,000

Funding is provided to address the project shortfall associated with the structural repair and seismic strengthening of
the Barnsdall Park Residence A.
Social Equity: The objective of the Barnsdall Art Park is to provide an inclusive space for creativity, cultural expression,
civic conversation, and social empowerment.

Bridge Improvement Program (BIP) - Program Contingency 1,4 - - C $ 400,000
Funding is provided as a contingency for the BIP. Funding may be used towards staff cost reimbursement and cash
flow program expenditures pending federal or state reimbursement.

Building Equipment Lifecycle Replacement 1,4 - - C $ 2,500,000
Funding is provided for the systematic replacement of aging, obsolete, and end-of-life cycle building equipment at the
City’s highest priority sites. Replacement projects reduce building maintenance expenses by minimizing costly repairs
and ensuring City facilities have reliable and safe equipment.

Capital Program - Bureau of Street Services 1,4 - - C $ 750,000

Funding is provided to address safety hazards and regulatory compliance issues at yards and shops facilities operated
by the Bureau of Street Services.

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