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place. As of this time a shortfall of $25,000 exists and, therefore, staff is recommending <br />the establishment of the interfund loan. <br />Item 1G is authorizing transfers to repay the interfund loan from the Dedicated Parks <br />fund to the Area and Unit fund. This loan was originally established to purchase the land <br />for the recreation facility. The repayment plan for this loan was authorized by the City <br />Council through the adoption of Resolution 06 -212, and this is the second installment to <br />be paid on the loan balance. <br />I hope that this will aid in the understanding of the need for these actions on Monday <br />evening. I will be glad to answer any follow up questions you may have regarding these <br />items. <br />• <br />• <br />