Ames Secures Funding for Aquatic Center Upgrade and Electric Vehicle Transition

The Ames City Council has taken a significant step forward in enhancing the city's infrastructure and sustainability efforts. In a unanimous decision, the council voted to authorize the sale of bonds to fund a capital improvement project for the Fitch Family Indoor Aquatic Center, as well as the purchase of two electric pickup trucks to replace aging vehicles in the municipal fleet.

Unlocking the Future of Ames' Aquatic Facilities and Sustainable Transportation

Financing the Fitch Family Indoor Aquatic Center Upgrade

The Ames City Council has approved the sale of General Obligation (G.O.) bonds to the tune of $18.8 million, which will be used to fund a comprehensive capital improvement project for the Fitch Family Indoor Aquatic Center. This decision comes after a thorough evaluation process, where the city accepted bids from 33 different banks and ultimately selected Janney Montgomery Scott, a financial services firm based in Philadelphia, as the winning bidder with a true-interest rate of 3.5983%.The G.O. bonds, which are backed by the city's "full faith and credit," will have a net-interest cost of $7.6 million over the 20-year life of the bonds. This financing mechanism allows the city to leverage its strong financial standing, as evidenced by its Aa1 bond rating from Moody's Investors Service, to secure the necessary funds for the aquatic center project.

Embracing Sustainable Transportation with Electric Vehicles

In a parallel move, the Ames City Council unanimously voted to award a contract to Karl Ford of Story City for the purchase of two 2025 Ford F150 Lightning pickup trucks. These electric vehicles will replace a four-wheel-drive cargo van used by the Water Pollution Control department and a four-wheel-drive pickup truck used by the Electric Distribution technician for underground power line maintenance.The council's decision to invest in electric vehicles aligns with the city's climate action plan and its commitment to reducing carbon emissions. According to the city's sustainability coordinator, Nolan Sagan, the transition to electric vehicles is expected to result in a 75% reduction in emissions compared to internal combustion engine vehicles.Furthermore, the council's decision to purchase the electric trucks is bolstered by the availability of a $7,500 Inflation Reduction Act Refund for each vehicle, further enhancing the financial viability of this sustainable transportation initiative.

Enhancing Pedestrian and Cyclist Infrastructure

In addition to the aquatic center upgrade and electric vehicle acquisition, the Ames City Council also took steps to improve the city's infrastructure for pedestrians and cyclists. The council unanimously voted to accept the "Walk Bike Roll" bike and pedestrian master plan, as well as the accompanying wayfinding guide.These plans will serve as a roadmap for the development of future capital programs focused on walking and biking infrastructure. The implementation of wayfinding signs will also enhance the navigability and accessibility of Ames' pedestrian and cycling networks, making it easier for residents and visitors to explore the city on foot or by bike.

Investing in Ames' Future

The Ames City Council's decisions demonstrate a comprehensive approach to improving the city's infrastructure and sustainability. By securing funding for the Fitch Family Indoor Aquatic Center upgrade, transitioning to electric vehicles, and enhancing pedestrian and cyclist infrastructure, the council is positioning Ames for a future that prioritizes community well-being, environmental responsibility, and a high quality of life for its residents.These strategic investments will not only modernize the city's facilities and transportation systems but also contribute to the overall livability and attractiveness of Ames, making it a desirable destination for residents, businesses, and visitors alike.