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CITY COUNCIL <br />AGENDA ITEM 1I <br /> <br /> <br /> <br />STAFF ORIGINATOR <br /> Al Rolek <br /> <br />MEETING DATE <br /> 12/9/13 <br /> <br />TOPIC <br /> Consideration of Resolution No. 13-138 Approving <br />Transfers For Partial Installment Payment on Interfund <br />Loan For Recreation Complex Land <br /> <br />VOTE REQUIRED <br />Simple Majority <br /> <br /> <br />BACKGROUND <br /> <br />The City Council approved Resolution No. 06-212 providing for the repayment of the <br />interfund loan for the Recreation Complex land. In 2012, the Dedicated Parks fund balance <br />was depleted and the fund is not able to contribute 50% of the payment at this time. The <br />City Council has determined that the General Fund portion of the payment plan will <br />continue in the absence of the Dedicated Parks payment. Resolution No. 13-138 approves <br />the transfers necessary to make the 2013 partial installment of the approved repayment <br />program. <br /> <br /> <br />RECOMMENDATION <br /> <br />Staff recommends approval of Resolution No. 13-138. <br /> <br />ATTACHMENTS <br /> <br />Resolution 13-138. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />