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• <br />• <br />AGENDA ITEM 'IC <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE 12/10/07 <br />TOPIC Resolution No. 07 -200 Authorizing the Transfer of funds from <br />Area and Unit Fund to the Water Operating Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />Each year a transfer is budgeted from the Area -and Unit Fund to the Water Operating Fund to <br />pay principal and interest on the 1996B G.O. Water Revenue Bonds. This transfer is a part of <br />the funding mechanism set up in the original bond documents. The amount of the transfer is <br />$141,199. It is staffs recommendation that Council authorize this transfer as budgeted. <br />OPTIONS <br />1. Adopt Resolution 07 -200. <br />2. Refer back to Staff for further consideration. <br />3. Deny Resolution 07 -200. <br />RECOMMENDATION <br />Option 1 <br />