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• <br />AGENDA ITEM 5A <br />STAFF ORIGINATOR Al Rolek <br />DATE January 3, 2001 <br />TOPIC Authorizing the Issuance of the 2001 Certificates of Indebtedness <br />BACKGROUND <br />The 2001 budget called for the issuance of Certificates of Indebtedness in the amount of <br />$332,030 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 2002, 2003 and 2004 and the levy proceeds will be <br />credited to the Area and Unit Fund. <br />The equipment to be funded with the 2001 Certificate of Indebtedness is listed on the attached <br />schedule. <br />OPTIONS <br />1. Approve the issuance of the 2001 Certificates of Indebtedness <br />2. Return to staff for further review <br />RECOMMENDATION <br />1. Approve the issuance of the 2001 Certificate of Indebtedness. <br />