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Mayor & City Council <br />July 23, 1993 <br />Page 2 <br />* Closed Bond Fund. Dollars are available in this <br />fund to address the update of the Comprehensive <br />Plan. While we have not finalized this approach, <br />we had been planning on utilizing these funds to <br />address infrastructure needs rather than other <br />types of projects. The Council will have to <br />determine the appropriate use of Closed Bond Fund <br />if this source is used. <br />My recommendation would be to plan for this expenditure <br />from the General Capital Improvement Fund. This should be <br />done on a prioritized basis. <br />Should you wish to discuss this matter further, we can do <br />so at Wednesday's meeting. <br />JRH:kpv <br />Page 109 <br />