Posted in improvements

Xenia plans to spend $54M on capital improvements in next 5 years

Xenia City Council will consider approving a plan for all the city-funded projects to come in the next five years, including about $2 million a year on streets and a new fire station on the west side of town.



a car driving on a city street filled with lots of traffic: Dayton Daily News


© Chuck Hamlin
Dayton Daily News

The capital improvement plan has about $54 million of projects and improvements planned throughout the next five years. The city plans to spend about $2.4 million on streets annually, with some of those funds coming from grants, said Assistant City Manager Jared Holloway.

Holloway and City Manager Brent Merriman said conversations about some streets and storm water projects took a back seat in 2020 because of the coronavirus.

The city conducted a pavement condition index study in February 2020. Based on the condition of the streets in Xenia, the city plans for a minimum of $800,000 a year to be spent on rehabilitating roads.

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Posted in home improvement cast

Poughkeepsie schools capital plan seeks building repairs, programming

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Soon, City of Poughkeepsie residents will cast votes that will impact the future for themselves and their children.

Soon after, residents around the country will head to the polls for the general election.

The Poughkeepsie City School District is holding a bond vote on Oct. 20, two weeks before the Presidential election, asking residents to approve one of two capital improvement plans, which would either cost roughly $48 million or $98 million, depending on the option favored.

The propositions were originally planned to be included in the spring’s school budget votes, but the district removed them from the ballot amid the uncertainty of the opening months of the COVID-19 pandemic, in which all budget votes were delayed from May to June.

Dilapidated steps are pictured at Clinton Elementary School. (Photo: Courtesy photo)

Superintendent Eric Rosser acknowledged rescheduling the proposition vote so close to the general election could impact voter

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Posted in improvements

HJ Sims Secures $6.5 million Additional Debt Financing for Capital Improvements

FAIRFIELD, Conn., Sept. 30, 2020 /PRNewswire/ — HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the successful August 2020 transaction in the amount of $6.5 million additional debt financing for capital improvements for the Philadelphia Protestant Home (PPH). PPH operates a continuing care retirement community in northeast Philadelphia, featuring 266 independent living units, 175 personal-care units and 126-bed nursing facility.

hjsims.com
hjsims.com

PPH has been funding capital improvements from general fund revenues. To efficiently manage cash-flow, PPH elected to finance $6.5 million of upcoming capital improvements. Sims, as financial advisor, developed a financing plan that provided for the funding of the required capital improvements, while implementing a structure that maintained maximum flexibility to maintain their debt service at manageable levels.

Prior to engaging PPH’s existing banking partner, Citizens Bank (Citizens), Sims worked with the PPH Fiscal Oversight Committee

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Posted in home improvement storest

Retailer Opens New Store in the Capital

Home Improvement retailer Wickes has opened a brand new store in Cardiff. The national brand closed its Cardiff West shop as part of its estate transformation strategy; relocating the operation to Dragon Retail Park, Newport Road, (opposite Morrisons). The store is open Monday to Saturday 7am – 6pm and Sunday 10am – 4pm.

New store, new offering 

The 30,000 square foot unit supports Wickes’ distinctive service model and new store format, with clear areas that cater for DIYers, small trade and those consumers looking for support on larger transformational home improvement projects. The new Cardiff store also marks a milestone for the retailer, as 60% of its stores nationwide are now in this new customer friendly format.

The quick, simple and easy to shop layout features a wide range of products and includes a Dulux in-store mixing service and a new outdoor project centre. A 5,000 square foot purpose built

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Posted in improvements

Sexsmith’s five-year capital budget sets out $6.4M for streets, other improvements

Sexsmith council accepted a five-year capital budget for 2020 to 2024 during its regular meeting Monday.

The budget sets out plans for capital projects over five years, totalling $6.4 million and including $3.2 million for street improvements.

Mayor Kate Potter said municipalities are required under the Municipal Government Act to submit five-year budgets to the province by the end of the year.

“It’s a really good policy to have so that municipalities are thinking about their long-term needs and are able to budget for those needs,” she said.

The provincial policy encourages municipalities to prepare for inevitable costs such as facility upgrades and replacements, she said.

Potter noted the five-year plan isn’t set in stone, and Sexsmith is currently conducting asset management to determine the life expectancy of its buildings.

Council may update the plan in December or January to reflect what new information about town facilities come to light,

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Posted in improvements

Ames Parks And Recreation Commission Seeks Input On Capital Improvements Plan

September 15, 2020

The City of Ames Parks and Recreation Commission will host a public input session regarding development of its 2020-2025 Capital Improvements Plan (CIP). Residents are invited to provide feedback on projects currently in the plan and to share ideas about new projects for the Parks and Recreation Commission to consider. The input will take place during the Commission’s virtual meeting scheduled for 4 p.m. on Thursday, Sept. 17.

The CIP is funded through a 1-percent local option sales tax. Parks and Recreation projects average approximately $850,000 per year. The Parks and Recreation portion of the 2020-2025 CIP can be viewed at www.amesparkrec.org

Some of the more significant projects currently in the plan are:

  • Transition two tennis courts to six pickle ball courts at Emma McCarthy Lee Park
  • Installation of accessible canoe/kayak launch at Ada Hayden Heritage Park
  • Installation of a restroom at Gateway Hills Park
  • Replacement of
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Posted in home repair

Home-Flipper Opendoor Going Public in Social Capital Merger

(Bloomberg) — Opendoor is going public through a merger with Social Capital Hedosophia Holdings Corp. II in a deal that gives the property technology startup an enterprise value of $4.8 billion.

The deal will provide as much as $1 billion in cash, including up to $414 million held by Social Capital II, the blank-check company led by Chairman Chamath Palihapitiya, according to a statement on Tuesday that confirmed earlier reporting from Bloomberg.

Social Capital’s shares surged as much as 22% to $15.98 in New York.

SPAC Popularity

Opendoor is the latest startup to go public through a special purpose acquisition company, or SPAC. The investment vehicles have gained popularity this year, offering a faster route for companies seeking to go public without the scrutiny or risks of an initial public offering.

Read more: From Bill Ackman to Billy Beane, Meet the New SPAC Barons

The deal marks the latest milestone

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Posted in home improvement cast

UPDATED; Talladega City BOE approves budget, capital improvement ‘wish list’ | The Daily Home

Editor’s note: This story has been updated to reflect the fact board member Sandra Beavers questioned a series of checks written to one constractor. A previous version said the checks had been written to multiple contractors, but that was incorrect.

TALLADEGA — The Talladega City Board of Education voted 4-0 to approve a budget that included a slight deficit and 3-1 to approve a five-year capital improvement project during a meeting Tuesday evening. 

Board Chair Mary McGhee was not present for the meeting, and board member Sandra Beavers cast the dissenting vote against the capital improvement budget. Beavers did not explain or defend her “no” vote.

Board member Chuck Roberts acted as board chair in McGhee’s absence. The meeting took place on the Zoom platform; Beavers could not be seen at all by the other participants and was late in casting her vote on most occasions.

The capital improvement plan

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Posted in drywall repair

Capital Industries Shares When to Repair Concrete Ceilings – Press Release

MATTITUCK, N.Y., Aug 25, 2020 (SEND2PRESS NEWSWIRE) — Capital Industries, a leader in concrete ceiling crack repair, wants industries to be aware of how recognizing ceiling cracks can save time, money, and valuable property.

Structures are subject to movement over time. Causes of movement include a range of circumstances, including groundwork settlement, weather, moisture, and more. In general, ceiling cracks are the result of either structural damage or aging.

Causes of Ceiling Cracks

1. Moisture

Heavy moisture can significantly damage a ceiling, resulting in water seeping through the roof or upper floors and trickling down. After the initial damage, temperature fluctuation can make matters worse. Moisture will make structures expand and falling temperatures will cause them to contract. These are stressors on materials and joints, leading to cracks.

2. Excessive Weight

Cracked ceilings can be the result of the space above bearing too much weight. The aftereffect of

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