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01/14/2002 Council Packet
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01/14/2002 Council Packet
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2/11/2014 3:27:50 PM
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City Council
Council Document Type
Council Packet
Meeting Date
01/14/2002
Council Meeting Type
Work Session Regular
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• <br />• <br />• <br />STAFF ORIGINATOR <br />DATE <br />TOPIC <br />VOTE REQUIRED <br />BACKGROUND <br />AGENDA ITEM 3A <br />Al Rolek <br />January 7, 2002 <br />Authorizing the Issuance of the 2002 Certificates of Indebtedness <br />Simple Majority (3/5) <br />The 2002 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$140,000 to be used for the purchase of capital equipment as part of our equipment replacement <br />program. <br />The Area and Unit Fund has sufficient reserves to issue a loan to finance these purchases. <br />A Special Levy will pay for this certificate in 2003, 2004 and 2005 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2002 Certificate of Indebtedness is listed on the attached <br />schedule. <br />OPTIONS' <br />1. Approve the issuance of the 2002 Certificates of Indebtedness <br />2. Return to staff for further review <br />RECOMMENDATION <br />1. Approve the issuance of the 2002 Certificate of Indebtedness. <br />
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