CITY OF RIALTO
POLICE FACILITY
City Council Meeting | November 14, 2023
in association with
Agenda
Project Vision & Team
Project Design
Financial Information
Project Schedule
Requested Action Items
01 02
03 04
05 01 Project Vision & Team
Developer
Architecture and Engineering
General Contractor
Architects in Public Safety
Financial Advisor
Underwriter
Development Management
Bond Counsel
Goals & Priorities of City and Police Dept
Plan and Build for the City’s Future
Create a state-of-the-art essential facility
to provide the Rialto community with
emergency response and security
Optimize resources for public benefit
Staff retention, recruitment, camaraderie,
common purpose
Flexibility & Adaptability
Preservation of operations during
construction while maintaining a high
level of service
•
•
•
•
•
•
2023
Projected
2035
PD Staffing 135 Sworn
+ 84 Civilian
169 Sworn
+ 91 Civilian
1973
39 Sworn
+ 6 Civilian
PD Facility Size 53,686 sq.ft. 56,476 sq.ft.18,800 sq.ft.
Rialto Population 104,100 111,400~30,000
Needs Assessment
1.00 Public Spaces
2.00 Police Administration
3.00 Patrol / Traffic
4.00 Adult Intake & Proc.
5.00 Investigations
7.00 Dispatch / RTCC
8.00 Records
10.00 Personnel & Training
11.00 Comm. Serv. Bureau
12.00 Technical Support
13.00 Shared Staff Areas
4,308
2,644
5,158
1,205
5,380
3,591
2,284
571
1,124
1,581
10,548
Main Building Total
Stairs & Elevator 2,400X.XX
Main Building Support Building
14.00 Firearms Proficiency
Range
8,443
15.00 Logistics &
Quartermaster
522
16.00 Animal Control 605
17.01 Bicycle Patrol 290
17.02 Comm. Serv. Storage 166
Support Building Total 10,026 NSF
11,296 GSF
40,794 NSF
45,180 GSF
TOTAL 50,820 NSF
56,476 GSF
Program
02 Project Design
New
Police
Headquarters
Building
New
Support
Building
View from intersection of N Willow Ave and W Rialto Ave View from N Willow Ave
View from W 1st Street - Dusk
View of the Main Entry from the Parking Lot
View of the Lobby from the Main Entry Door
View of the First and Second Floors from the Stair
View of the Real Time Crime Center
03 Financial Information
Development Agreements
Phase 1 Predevelopment Agreement Execution is now completed Phase 2 Development Agreement For consideration now, and would complete the project
Contains the Guaranteed Maximum Price
Project Labor Agreement Required construction work under the Development Agreement to be performed
by Union workers
City’s Total Project Budget
City’s Capitol Allocation
City's Total Project Budget (Net)
Project scope reductions made to meet the City’s total Project Budget $86,600,000
$83,000,000
Total Project Budget Estimate (Including Predevelopment Phase) City’s Total Project Budget
Project Budget
($3,600,000)
$83,000,000
($10,000,000)
$73,000,000
• City’s financing team analyzed 30-, 35- and 40-year term scenarios • City capital contribution of $10 million and 30 million • $6 million and $26 million contributed to construction costs ($4 million used for predevelopment)
• Conservative interest rates as of October 27, 2023 for an “A” category credit rating
• Capitalized interest funded through December 1, 2026
• Level payments
Financing Assumptions
Lease Revenue Bonds 2023 Series A (Police Station Summary) - $6 Million Contribution1.
Term
Est. First Full
Payment
Est. Capitalized
Interest Est. Total Interest Est. Total Paid
30 Year 5,415,113 11,834,313 78,483,769 144,194,456
35 Year 5,128,338 12,125,130 96,073,711 162,038,581
40 Year 4,940,750 12,358,440 114,404,315 180,710,875
$10 Million Appropriation
1. Reflects indicative results based on estimated market conditions assuming an “A” category rating. Actual lease payments and interest cost may differ. • Capital contribution of $10 million
• $6 million contributed to construction costs
Lease Revenue Bonds 2023 Series A (Police Station Summary) - $26 Million Contribution1.
Term
Est. First Full
Payment
Est. Capitalized
Interest Est. Total Interest Est. Total Paid
30 Year 3,977,213 8,689,774 57,635,105 105,885,331
35 Year 3,763,663 8,903,300 70,551,982 118,988,681
40 Year 3,626,425 9,074,276 84,004,689 132,690,413
$30 Million Appropriation
• Recommendation: 30-year term with $26 million contributed for construction • 30-year term results in lowest total interest cost
• Annual payment of approximately $4 million preserves future budget capacity/flexibility • Use of additional unrestricted reserves does not impact existing operating reserves • First full payment would impact Fiscal Year 2027-28 budget
1. Reflects indicative results based on estimated market conditions assuming an “A” category rating. Actual lease payments and interest cost may differ. • Additional appropriation of $20 million
• $26 million total contributed to construction costs
• Additional appropriation of $20 million from general fund balance unrestricted reserves
• Does not impact Economic Uncertainty or other non-spendable reserves that still total over $51 million
$30 Million Appropriation
Authorizing Resolutions (2023 Bonds)
• Authorize the issuance of the 2023 Bonds in an amount not to exceed $80,000,000 (City and Rialto Finance Authority)
• Approving certain documents and taking certain other actions • Preliminary Official Statement
• Site and Facility Lease
• Lease Agreement
• Indenture
• Assignment Agreement
• Continuing Disclosure Certificate
• Bond Purchase Agreement
• Acknowledgment of Good Faith Estimates
• CEQA Resolution
• Budget Resolution appropriating additional funds (if approved)
• 2023 Bonds are expected to be sold on or around December 12, 2023 Financing Schedule
Date Description
November 14th City Council meeting to approve financing November 17th Rating Meeting with Standard & Poor’s
November 28th Post Preliminary Official Statement
(make available to prospective investors)
December 12th Pricing of 2023 Bonds
December 20th Settlement of 2023 Bonds
04 Project Schedule
SUMMER
Project Award
Programming
Project 60% Design
Cost Estimating &
Terms of Agreement
Staff and Council
Review
Relocate Modulars
& Solar Panels
Proposals & Review
Groundbreaking
Project Completion
Financing
Complete Design
JUL
2022
AUG SEP OCT NOV DEC JAN FEB MAR ARP MAY JUN JUL
2023
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
2024
Schedule Summary
2026
TODAY
Groundbreaking: May 2024
Project Completion: July 2026
Key Dates:
T H A N K Y O U !