Item R7 I - 2021-04-21 - City Commission Presentation - Revised GO Bond Implementation PlanG.O. BOND
REVISED IMPLEMENTATION PLAN
City Commission Meeting
April 21, 2021
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THIS REVISED PLAN:
1. Takes advantage of lower borrowing costs
2. Advances certain projects that were proposed in future tranches
3. Realigns some Tranche 1 projects based upon current cashflow projections
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CURRENT PLAN
T1 T2 T3 T4
2019 2022 2025 2028 2031
T1 T2 T3
2019 2023 2027 2031
REVISED PLAN
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T 1
70%
T 2
16%
T 3
9%
T 4
5%
CURRENT PROGRAM SCHEDULE
Total Projects:
57
T 1 T 2 T 3 T 4 TOTAL
39 10 5 3 57
# OF
PROJECTS
STARTING
T 1
74%
T 2
21%
T 3
5%
REVISED PROGRAM SCHEDULE
Total Projects:
57
T 1 T 2 T 3 T 4 TOTAL
42 12 3 0 57
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T 1
35%
T 2
47%
T 3
18%
REVISED PROGRAM FINANCES
Total Budget:
$435,115,000
T 1 T 2 T 3 T 4 TOTAL
$151,139,000 $205,976,000 $78,000,000 $0 $435,115,000
PROJECT
BUDGET
T 1
35%
T 2
24%
T 3
22%
T 4
19%
CURRENT PROGRAM FINANCES
Total Budget:
$435,115,000
T 1 T 2 T 3 T 4 TOTAL
$151,139,000 $101,951,000 $97,580,000 $84,445,000 $435,115,000
PROJECT
BUDGET
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The Committee made a motion to endorse the revised G.O. Bond Implementation Plan and the reconfigure
e
four to three tranches as presented by staff.
REVISED IMPLEMENTATION PLAN
APPROVED BY:
•Parks & Recreational Facilities Advisory Board
February 11, 2021 Unanimous
•G.O. Bond Oversight Committee
February 18, 2021 Unanimous
•Finance and Economic Resiliency Committee
March 26, 2021 Approved in Concept
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The Committee made a motion to endorse the revised G.O. Bond Implementation Plan and the reconfiguration from four to
three tranches as presented by staff.
NEXT STEPS
May 12 COMMISSION MEETING
Capital Budget Amendment for Tranche 1 changes
THANK YOU!
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