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01/10/2000 Council Packet
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01/10/2000 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
01/10/2000
Council Meeting Type
Regular
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• <br />• <br />• <br />AGENDA ITEM 3D <br />STAFF ORIGINATOR Linda Waite Smith <br />DATE January 4, 2000 <br />TOPIC Authorizing the Issuance of the 2000 Certificates of Indebtedness <br />1BACKGROUND <br />The 2000 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$325,450 to be used for the purchase of capital equipment. <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 2001, 2002 and 2003 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2000 Certificate of Indebtedness is listed on the attached <br />schedule. <br />OPTIONS <br />1. Approve the issuance of the 2000 Certificates of Indebtedness <br />2. Return to staff for further review <br />RECOMMENDATION <br />1. Approve the issuance of the 2000 Certificate of Indebtedness. <br />
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