In anticipation of funding needs for District projects, Ken Dieker of Del Rio Advisors, LLC, presented material outlining the different types of bonds and other options for debt financing. The District’s 5 year capital plan calls for nearly $120M in projects.
GM Winquest stated that the contract with Dr. Mathis for consulting services to the Board and staff had been terminated. The GM also announced that his Dog Park Committee had been selected and would have their first meeting on Thursday, July 28. Trustee Schmitz will represent the Board. The Village Green was still among the sites to be considered.
In discussing the calendar for future meetings, GM Winquest announced that Village League President, Todd Lowe, would be making a presentation at the August 31st board meeting on the group’s efforts to form the City of Incline Village.
The Board provided input and direction to staff to move forward and create design concepts for a new Incline Beach House, a Board priority project. Trustee Dent will be the Board representative in the design process. Ingress/egress recommendations will be taken into consideration in building placement. Preliminary construction cost estimates, from a prior design, were estimated to be roughly $3M.
There was unanimous approval for the grant agreement with the Duffield Foundation to proceed with design and preconstruction services for the Recreation Center expansion. Trustees Dent and Schmitz requested a separate project for what was termed “Tenant Improvements” which as of today, includes modifying/repurposing of approximately 7700 square feet in the existing Recreation Center. The Board approved, at a prior meeting, a $110,000 contract to complete a preliminary design with estimated construction costs. Construction estimates may range between $1M – $2M, but will be more clear when the preliminary design is complete.
Public Works Director, Brad Underwood, indicated the current hope is that the construction of both the effluent pipeline and effluent storage tank (as opposed to a pond/pond liner) could commence next May. Funding sources are not yet finalized.
In a 3/2 vote, with Trustees Dent and Schmitz opposing, the Board approved doubling the GM’s spending authority from $50,000 to $100,000 as part of the approved and newly created purchasing policies.