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CITY COUNCIL <br />CONSENT AGENDA ITEM 1D <br />STAFF ORIGINATOR <br />Al Rolek <br />MEETING DATE <br />December 9, 2013 <br />TOPIC <br />Resolution No. 13-127Authorizing the Transfer of Funds from the Area <br />and Unit Fund to the 2005BG.O. Improvement Bond Debt Service Fund <br />VOTE REQUIRED <br />Simple Majority <br />BACKGROUND <br />The 1998A Debt Service Fund was established to service the debt on the 1997 and 1998 improvement <br />projects. The 1998A issue was subsequently refunded by the 2005B bondissue. The original debt was <br />to be retired using special assessments to benefited properties and resources of the Area and Unit Fund. . <br />Resolution 13-127would transfer the necessary funds from the Area and Unit Fund to maintain debt <br />$347,600.00 <br />service requirements.The amount of the transfer is . <br />RECOMMENDATION <br />Staffrecommendsapproval ofResolution 13-127. <br />ATTACHMENTS <br />Resolution 13-127. <br /> <br />