Item 1 Building StudyCITY HALL AND PUBLIC WORKS SPACE PLANNING STUDY
COUNCIL WORKSHOP
NOVEMBER 21, 2022
CITY OF OTSEGO
Item 1
Agenda
CITY OF OTSEGO
Review Updates to Space Needs Study
Guiding Principles
Phasing Options
Next Steps
SPACE NEEDS STUDY
1. Create phased solutions that anticipate the needs for the next
twenty years but are adaptable and allow flexibility in future
programming. Solutions should also embody the overall vision for the
City Campus.
2. Provide safe and effective spaces that protect both city staff and
property but still creates an open and engaging climate to serve the
public.
3. Organize departments and workspaces in a logical manner to
encourage flexibility, efficiency, and collaboration.
4. Integrate technology and sustainability practices that enhance
workflows and building functionality.
5. Develop solutions that foster Otsego’s identity and promote
professionalism and continual development.
Guiding Principles
CITY OF OTSEGO
Phasing Recommendation
Option A
CITY OF OTSEGO
CITY HALL
NEW CONSTRUCTION:
City Hall
PUBLIC WORKS
NEW CONSTRUCTION:
Cold Storage
PARKS & RECREATION
MISC. IMPROVEMENTS: Deferred
Maintenance
PUBLIC WORKS
ADDITION: Warm Vehicle Storage
& Workshop
RENOVATION: Staff Support
MISC. IMPROVEMENTS: Deferred
Maintenance, Site Upgrades
PARKS & RECREATION
RENOVATION: Staff Support
PUBLIC WORKS
ADDITION: Mechanics Bays
SHORT TERM MID TERM LONG TERM
Proposed Budget
Option A
CITY OF OTSEGO
Proposed Schedule
Option A
CITY OF OTSEGO
Phasing Recommendation
Option B
CITY OF OTSEGO
CITY HALL
NEW CONSTRUCTION:
City Hall
PARKS & RECREATION
MISC. IMPROVEMENTS: Deferred
Maintenance
PUBLIC WORKS
NEW CONSTRUCTION:
Cold Storage
ADDITION: Warm Vehicle Storage
& Workshop
RENOVATION: Staff Support
MISC. IMPROVEMENTS: Deferred
Maintenance, Site Upgrades
PARKS & RECREATION
RENOVATION: Staff Support
PUBLIC WORKS
ADDITION: Mechanics Bays
PHASE ONE PHASE TWO
Proposed Budget
Option B
CITY OF OTSEGO
Proposed Schedule
Option B
CITY OF OTSEGO
Short Term Mid Term Long Term Total Short Term Long Term Total NotesAssumptionsConstruction Cost 16,189,000 19,380,000 7,600,000 $43,169,000 29,897,250 7,600,000 $37,497,250 Wold Architects and EngineersYear of Bonding 2023 2026 2029 2023 2029 HypotheticalEstimated Net Tax Capacity 32,314,754 36,349,704 40,888,473 32,314,754 40,888,473 4% Annual Growth Rate20 Year AmortizationPar Amount of Bonds 16,485,000 19,685,000 7,765,000 $43,935,000 30,340,000 7,765,000 $38,105,000 Northland Securities, Inc.Interest Rate for Bonding 4.40% 5.09% 4.99% 4.40% 4.99% Northland Securities, Inc.Average Annual Bond Payment 1,269,777 1,612,500 631,084 $3,513,361 2,336,842 631,084 $2,967,926 Northland Securities, Inc.Total Debt Service 25,395,540 32,250,000 12,621,680 $70,267,220 46,736,840 12,621,680 $59,358,520 Northland Securities, Inc.Annual Taxes Related to Project 114 129 45 $288 210 45 $255 Based on $300,000 Home25 Year AmortizationPar Amount of Bonds 16,485,000 19,685,000 7,765,000 $43,935,000 30,370,000 7,765,000 $38,135,000 Northland Securities, Inc.Interest Rate for Bonding 4.57% 5.21% 5.12% 4.57% 5.12% Northland Securities, Inc.Average Annual Bond Payment 1,131,469 1,445,835 565,140 $3,142,444 2,084,832 565,140 $2,649,972 Northland Securities, Inc.Total Debt Service 28,286,725 36,145,870 14,128,500 $78,561,095 52,120,800 14,128,500 $66,249,300 Northland Securities, Inc.Annual Taxes Related to Project 101 129 45 $275 187 45 $232 Based on $300,000 HomeOption A Option B
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