View Daily Data Tracking History
View Bill Text
View Statement of Purpose / Fiscal Impact
SCR113...........................................................by FINANCE
WATER RESOURCES DEPARTMENT - NEW BUILDING - Stating findings of the
Legislature and authorizing the Department of Water Resources to enter into
an agreement with the State Building Authority to provide financing and
development of a new office building.
03/02 Senate intro - 1st rdg - to printing
03/05 Rpt prt - to 10th Ord
03/06 10th Ord - ADOPTED - 29-6-0
AYES -- Andreason, Boatright, Branch(Bartlett), Bunderson,
Burtenshaw, Cameron, Danielson, Darrington, Davis, Deide, Dunklin,
Geddes, Goedde, Ingram, Ipsen, Keough, Lee, Lodge, Noh, Richardson,
Risch, Sandy, Sims, Sorensen, Stegner, Stennett, Wheeler, Whitworth,
Williams,
NAYS -- Brandt, Frasure, Hawkins, King-Barrutia, Schroeder, Thorne
Absent and excused -- None
Floor Sponsor -- Ingram
Title apvd - to House
03/07 House intro - 1st rdg - to Approp
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE SENATE
SENATE CONCURRENT RESOLUTION NO. 113
BY FINANCE COMMITTEE
1 A CONCURRENT RESOLUTION
2 AUTHORIZING THE STATE DEPARTMENT OF WATER RESOURCES TO ENTER INTO AGREEMENTS
3 WITH THE IDAHO STATE BUILDING AUTHORITY TO FINANCE THE CONSTRUCTION OF A
4 NEW OFFICE BUILDING IN BOISE, IDAHO, FOR THE IDAHO DEPARTMENT OF WATER
5 RESOURCES.
6 Be It Resolved by the Legislature of the State of Idaho:
7 WHEREAS, the mission of the Idaho Department of Water Resources is to
8 serve the people of Idaho and protect their welfare by ensuring that water and
9 energy are conserved and available for the sustainability of Idaho's economy,
10 ecosystems and resulting quality of life; and
11 WHEREAS, the Department of Water Resources is in need of a centrally
12 located, efficiently designed and building code compliant main office facility
13 that would allow it to more effectively carry out its mission; and
14 WHEREAS, it is in the best interest of the state for the Idaho State
15 Building Authority to provide a new office facility for use by the Department
16 of Water Resources.
17 NOW, THEREFORE, BE IT RESOLVED by the members of the First Regular Session
18 of the Fifty-sixth Idaho Legislature, the Senate and the House of Representa-
19 tives concurring therein, that the Legislature hereby authorizes and provides
20 approval for the Idaho Department of Water Resources to enter into an agree-
21 ment or agreements with the Idaho State Building Authority, under such terms
22 and conditions as may be reasonable and necessary, to provide for the financ-
23 ing and development of a new office building in Boise, Idaho, for the Idaho
24 Department of Water Resources.
25 BE IT FURTHER RESOLVED that this resolution constitutes authorization
26 required by the provisions of Section 67-6410, Idaho Code.
STATEMENT OF PURPOSE
RS 11206
Authorizes the State Department of Water Resources to enter
into agreements with the State Building Authority to finance
construction and acquisition of a new main office for the State
Department of Water Resources.
The Department has several potential sites it is considering
for development. Location of promising sites includes the
capital mall and a water center to be developed in
collaboration with the University of Idaho and several other
water related agencies.
FISCAL NOTE
Financing the development of a new main office through cne
State Building Authority provides the opportunity for the State
Department of Water Resources to lease the facilities at
favorable lease rates and to acquire the facilities when the
financing is paid in full. Lease payments to the State
Building Authority would come from the State Department of
Water Resources general fund budget. An increase in the
Department's annual appropriation would be required until the
bonds are paid off.
The estimated gross building size required for the Department
is approximately 70,000 sq. ft. The size of the new facilities
will be determined based upon the number and space requirements
of all suitable occupants that may be identified. Based on
current estimates, constructed costs may approach $160/sq ft
resulting in a total cost of $11.2 million. Interest rates
based upon current market conditions for financing is estimated
to be in the range of 5 to 5.5 percent. Actual interest rates
will be determined based upon market conditions at the time of
financing.
CONTACT:
Name: Sen. Dean Cameron
Phone: 332-1000
Name: Karl Dreher, Director,
Idaho Department of Water Resources
Phone: 327-7910
STATEMENT OF PURPOSE/FISCAL NOTE SCR 113
Hypothetical Financing Assumptions
Department of Water Resources Main Office Building
U of I Water Center Proposal or Alternate on Capitol Mall
20 yr option 30 yr option
Base Square Feet (defined space needs) 46,000 46,000
Usable Square Feet (defined plus common areas) 60,000 60,000
Gross Square Feet (building footprint) 70,000 70,000
Constructed costs/gross sq ft (assumes no land) 160 160
Total Constructed Cost 11,200,000 11,200,000
Annual Interest Rate 5% 5%
Years 20 30
Annual Payment 855,921 693,882
Maintenance and Operations @ $5.00 per
usable square foot (high estimate) 300,000 300,000
Future Annual Costs to put in IDWR Budget 1,155,921 993,882
Annual Costs/usable sq ft 19.27 16.56
Amount in IDWR Base for Current Space 400,000 400,000
Additional Amount needed in
Future Budgets 755,921 593,882
Prepared by Legislative Services for Senator Cameron
for Senate Finance Use
March 1,2001