My WebLink
|
Help
|
About
|
Sign Out
Home
Search
2016-001 Council Resolution
LinoLakes
>
City Council
>
City Council Resolutions
>
2016
>
2016-001 Council Resolution
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/27/2016 4:34:39 PM
Creation date
7/27/2016 1:19:55 PM
Metadata
Fields
Template:
City Council
Council Document Type
Resolutions
Meeting Date
01/11/2016
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY COUNCLL <br />AGENDA ITEM 2A <br />STAFF ORIGINATOR: Sarah Cotton <br />MEETING DA 1'E: January 11, 2016 <br />TOPIC: Consider Resolution No. 16-01, Authorizing the Issuance of 2016 <br />Certificates of Indebtedness <br />VOI'E. REQUIRED: 3/5 <br />BACKGROUND <br />Staff was directed to remove the 2016 Capital Equipment Replacement Schedule from the 2016 <br />Budget which was adopted at the December 14, 2015 City Council meeting, until more information <br />on the equipment requested to be replaced could be provided. The Public Safety and Public Works <br />Capital Equipment Replacement Plans were further discussed at the January 4, 2016 City Council <br />Work Session. <br />The 2016 Capital Equipment Replacement Schedule calls for the issuance of Certificates of <br />Indebtedness in the amount of $469,000 to be used for the purchase of capital equipment as part of <br />our equipment replacement program. The interest rate on the certificates will be 1.00%. <br />The Area and Unit Fund (406) has sufficient reserves to issue a loan to finance these purchases. <br />A special levy will pay for this certificate in 2017, 2018 and 2019 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2016 Certificates of Indebtedness is listed on the attached <br />schedule. <br />RECOMMENDATION <br />Staff recommends the approval of Resolution No. 16-01. <br />ATTACHMENTS <br />2016 Capital Equipment Replacement Schedule <br />Resolution No. 16-01, Authorizing the Issuance of 2016 Certificates of Indebtedness <br />
The URL can be used to link to this page
Your browser does not support the video tag.