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01/08/1996 Council Packet
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01/08/1996 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
01/08/1996
Council Meeting Type
Regular
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STAFF ORIGINATOR <br />DATE <br />TOPIC <br />AGENDA ITEM NO. 5 <br />Randy Schumacher <br />January 4, 1996 <br />Authorizing the Issuance of the 1 <br />of Indebtedness <br />The 1996 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$225,000 to be used for the purchase of capital equipment. <br />The Area and Unit Fund has sufficient reserves to issue a loan to 1 <br />e purchases. <br />A Special Levy will pay for this certificate in 1997, 1998 and 1999 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />Equipment to be funded with the 1996 Certificate of Indebtedness include: <br />Fire Capital Outlay $ 63,000 <br />(2) Squad Cars 40,000 <br />Replace Fuer Tanks 62,000 <br />Shop Yard Fencing 18,000 <br />Copier/Laser Printer 20,000 <br />Pickup Truck with plow 22,000 <br />Total <br />$225,000 <br />1. Approve the issuance of the 1996 Certificates of Indebtedness <br />2. Return to staff for further review <br />the issuance of the 1996 <br />ate of Indebtedness. <br />
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